New Ellenton, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating New Ellenton Neighborhoods Since 2000




New Ellenton, SC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

New Ellenton Housing Market Information

With a population of 2,121, 1,014 total housing units (homes and apartments), and a median house value of $179,929, New Ellenton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in New Ellenton, accounting for 75.71% of the town's housing units. Other types of housing that are prevalent in New Ellenton include mobile homes or trailers ( 21.45%), large apartment complexes or high rise apartments ( 1.12%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Ellenton. Owner-occupied housing accounts for 74.34% of New Ellenton's homes, and 70.11% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. New Ellenton's housing was primarily built during this period, from the '40s through the '60s. A full 47.89% of the town's housing hails from this era. Other housing ages represented in New Ellenton include homes built between 1970-1999 ( 41.26%) and housing constructed between 2000 and later ( 8.10%). There's also some housing in New Ellenton built before 1939 ( 2.76%).

Vacant housing appears to be an issue in New Ellenton. Fully 12.66% of the housing stock is classified as vacant. Left unchecked, vacant New Ellenton homes and apartments can be a drag on the real estate market, holding New Ellenton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

New Ellenton Home Appreciation Rates

Appreciation rates for homes in New Ellenton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.38%, which ranks in the top 50% nationwide. This equates to an annual average New Ellenton house appreciation rate of 0.04%.

NeighborhoodScout's data show that during the latest twelve months, New Ellenton's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, New Ellenton's appreciation rate has been 0.72%, which annualizes to a rate of 2.91%.

Relative to South Carolina, our data show that New Ellenton's latest annual appreciation rate is higher than 60% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$179,929

New Ellenton, SC HOME PRICES

Value Range
> $1,060,000 0.2
$795,001 - $1,060,000 1.6
$529,001 - $795,000 3.5
$424,001 - $529,000 6.8
$318,001 - $424,000 20.1
$212,001 - $318,000 15.0
$106,001 - $212,000 23.1
$53,001 - $106,000 19.0
$0 - $53,000 10.6

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
38.2134067737021 15.9851301115242

Number Of Homes And Apartments:
1,014

New Ellenton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
45.56% 2.20% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$833 / per month

Homeownership Rate

Homeownership
Owners 74.34
Renters 25.66
Vacant 12.66

Housing Market Details

 

Age of Homes

AGE OF New Ellenton HOMES
2000 or Newer 8.1
1970 - 1999 41.3
1940 - 1969 47.9
1939 or Older 2.8

Types of Homes

TYPE OF New Ellenton HOMES
Single-Family 75.7
Townhomes 0.8
Small Apt. Buildings 0.9
Apt. Complexes 1.1
Mobile Homes 21.4
Other 0.0

Home Size

SIZE OF New Ellenton HOMES
No Bedroom 0.00
1 Bedroom 3.96
2 Bedrooms 24.38
3 Bedrooms 55.90
4 Bedrooms 14.21
5 or more bedrooms 1.55

Popular Neighborhoods in New Ellenton

Zip Codes in New Ellenton, SC