New Ellenton, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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New Ellenton, SC Real Estate Data


New Ellenton Housing Market Information

With a population of 2,121, 1,071 total housing units (homes and apartments), and a median house value of $196,187, 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 72.28% of the town's housing units. Other types of housing that are prevalent in New Ellenton include mobile homes or trailers ( 25.61%).

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 74.96% of New Ellenton's homes, and 71.54% 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 48.78% of the town's housing hails from this era. Other housing ages represented in New Ellenton include homes built between 1970-1999 ( 42.11%) and housing constructed between 2000 and later ( 6.42%). There's also some housing in New Ellenton built before 1939 ( 2.68%).

Vacant housing appears to be an issue in New Ellenton. Fully 12.93% 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 4.63%, which ranks in the top 50% nationwide. This equates to an annual average New Ellenton house appreciation rate of 0.45%.

NeighborhoodScout's data show that during the latest twelve months, New Ellenton's appreciation rate, at 5.07%, has been at or slightly above the national average. In the latest quarter, New Ellenton's appreciation rate has been 3.10%, which annualizes to a rate of 12.99%.

Importantly, this makes New Ellenton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$196,187

New Ellenton, SC HOME PRICES

Value Range
> $1,044,000 1.0
$783,001 - $1,044,000 0.9
$522,001 - $783,000 3.1
$417,001 - $522,000 5.4
$313,001 - $417,000 17.1
$209,001 - $313,000 12.7
$104,001 - $209,000 21.6
$52,001 - $104,000 21.9
$0 - $52,000 16.3

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
34.1160625402588 15.2416356877323

Number Of Homes And Apartments:
1,071

Rent & Ownership

 

Average Market Rent:
$721 / per month

Homeownership Rate

Homeownership
Owners 74.96
Renters 25.04
Vacant 12.93

Housing Market Details

 

Age of Homes

AGE OF New Ellenton HOMES
2000 or Newer 6.4
1970 - 1999 42.1
1940 - 1969 48.8
1939 or Older 2.7

Types of Homes

TYPE OF New Ellenton HOMES
Single-Family 72.3
Townhomes 0.8
Small Apt. Buildings 0.7
Apt. Complexes 0.6
Mobile Homes 25.6
Other 0.0

Home Size

SIZE OF New Ellenton HOMES
No Bedroom 0.00
1 Bedroom 3.74
2 Bedrooms 24.39
3 Bedrooms 55.61
4 Bedrooms 15.93
5 or more bedrooms 0.33

New Ellenton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
45.88% 2.25% 8 5
* 10 is highest

Popular Neighborhoods in New Ellenton

Zip Codes in New Ellenton, SC