Pelion, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pelion, 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

Pelion Housing Market Information

With 704 people, 246 houses or apartments, and a median cost of homes of $89,173, house prices in Pelion are solidly below the national average.

Single-family detached homes are the single most common housing type in Pelion, accounting for 80.39% of the town's housing units. Other types of housing that are prevalent in Pelion include mobile homes or trailers ( 16.08%), row houses and other attached homes ( 3.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pelion. Owner-occupied housing accounts for 78.84% of Pelion's homes, and 85.10% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pelion 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 Pelion built between 2000 and later ( 26.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.20%). There's also some housing in Pelion built before 1939 ( 6.67%).

Pelion Home Appreciation Rates

Appreciation rates for homes in Pelion have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.24%, which ranks in the top 30% nationwide. This equates to an annual average Pelion house appreciation rate of 0.98%.

Over the last year, Pelion appreciation rates have trailed the rest of the nation. In the last twelve months, Pelion's appreciation rate has been 2.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pelion were at 0.33%, which equates to an annual appreciation rate of 1.34%.

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

Average Home Values

 

Median Home Value:
$89,173

Pelion, SC HOME PRICES

Value Range
> $1,123,000 0.0
$842,001 - $1,123,000 0.0
$562,001 - $842,000 0.9
$449,001 - $562,000 0.5
$337,001 - $449,000 1.3
$225,001 - $337,000 11.6
$113,001 - $225,000 26.3
$56,001 - $113,000 27.2
$0 - $56,000 32.2

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
84.5423649361303 63.1970260223048

Number Of Homes And Apartments:
246

Pelion 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
42.27% 2.06% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$898 / per month

Homeownership Rate

Homeownership
Owners 78.84
Renters 21.16
Vacant 3.53

Housing Market Details

 

Age of Homes

AGE OF Pelion HOMES
2000 or Newer 26.7
1970 - 1999 56.5
1940 - 1969 10.2
1939 or Older 6.7

Types of Homes

TYPE OF Pelion HOMES
Single-Family 80.4
Townhomes 3.5
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 16.1
Other 0.0

Home Size

SIZE OF Pelion HOMES
No Bedroom 1.18
1 Bedroom 5.10
2 Bedrooms 6.27
3 Bedrooms 72.16
4 Bedrooms 12.94
5 or more bedrooms 2.35

Popular Neighborhoods in Pelion

Zip Codes in Pelion, SC