Newberry, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Newberry Neighborhoods Since 2000




Newberry, 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

Newberry Housing Market Information

With a population of 10,331, 3,422 total housing units (homes and apartments), and a median house value of $109,954, house prices in Newberry are solidly below the national average.

Single-family detached homes are the single most common housing type in Newberry, accounting for 66.46% of the city's housing units. Other types of housing that are prevalent in Newberry include large apartment complexes or high rise apartments ( 21.24%), duplexes, homes converted to apartments or other small apartment buildings ( 8.35%), and a few mobile homes or trailers ( 3.62%).

People in Newberry primarily live in small (one, two or no bedroom) single-family detached homes. Newberry has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Newberry built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Newberry built between 1940-1969 ( 30.24%). A lesser amount of the housing stock also hails from before 1939 ( 22.72%). There's also some housing in Newberry built between 2000 and later ( 10.87%).

Vacant housing appears to be an issue in Newberry. Fully 15.67% of the housing stock is classified as vacant. Left unchecked, vacant Newberry homes and apartments can be a drag on the real estate market, holding Newberry 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.

Newberry Home Appreciation Rates

Appreciation rates for homes in Newberry have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.19%, which ranks in the top 40% nationwide. This equates to an annual average Newberry house appreciation rate of 0.51%.

Over the last year, Newberry appreciation rates have trailed the rest of the nation. In the last twelve months, Newberry's appreciation rate has been 2.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Newberry were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to South Carolina, our data show that Newberry's latest annual appreciation rate is higher than 50% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$109,954

Newberry, SC HOME PRICES

Value Range
> $1,087,000 1.5
$815,001 - $1,087,000 0.5
$543,001 - $815,000 1.0
$435,001 - $543,000 0.6
$326,001 - $435,000 3.1
$218,001 - $326,000 8.6
$109,001 - $218,000 26.7
$54,001 - $109,000 33.3
$0 - $54,000 24.6

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
71.387554201336 52.0446096654275

Number Of Homes And Apartments:
3,422

Newberry 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
42.05% 2.06% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$933 / per month

Homeownership Rate

Homeownership
Owners 42.32
Renters 57.68
Vacant 15.67

Housing Market Details

 

Age of Homes

AGE OF Newberry HOMES
2000 or Newer 10.9
1970 - 1999 36.2
1940 - 1969 30.2
1939 or Older 22.7

Types of Homes

TYPE OF Newberry HOMES
Single-Family 66.5
Townhomes 0.3
Small Apt. Buildings 8.4
Apt. Complexes 21.2
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Newberry HOMES
No Bedroom 1.90
1 Bedroom 9.41
2 Bedrooms 40.96
3 Bedrooms 39.13
4 Bedrooms 6.04
5 or more bedrooms 2.56