Pelzer, SC Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pelzer, SC Housing Market Trends

With 1,401 people, 560 houses or apartments, and a median cost of homes of $157,173, house prices in Pelzer are solidly below the national average.

Single-family detached homes are the single most common housing type in Pelzer, accounting for 87.62% of the town's housing units. Other types of housing that are prevalent in Pelzer include mobile homes or trailers ( 12.23%).

Dwellings in Pelzer tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 59.72% of the homes in Pelzer have two or fewer bedrooms.

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. Pelzer's housing was primarily built during this period, from the '40s through the '60s. A full 44.20% of the town's housing hails from this era. Other housing ages represented in Pelzer include homes built before 1939 ( 42.01%) and housing constructed between 1970-1999 ( 13.17%).

Vacant housing appears to be an issue in Pelzer. Fully 12.23% of the housing stock is classified as vacant. Left unchecked, vacant Pelzer homes and apartments can be a drag on the real estate market, holding Pelzer 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.

Pelzer Home Appreciation Rates

Appreciation rates for homes in Pelzer have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 44.72%, which ranks in the top 50% nationwide. This equates to an annual average Pelzer house appreciation rate of 3.77%.

NeighborhoodScout's data show that during the latest twelve months, Pelzer's appreciation rate, at 8.86%, has been at or slightly above the national average. In the latest quarter, Pelzer's appreciation rate has been 2.74%, which annualizes to a rate of 11.43%.

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

Average Home Values

 

Median Home Value:
$157,173

Pelzer, SC HOME PRICES

> $1,347,000
0.1%
0.1%
$1,010,001 - $1,347,000
0.0%
0.0%
$673,001 - $1,010,000
1.4%
1.4%
$538,001 - $673,000
2.0%
2.0%
$404,001 - $538,000
2.4%
2.4%
$270,001 - $404,000
6.5%
6.5%
$134,001 - $270,000
43.2%
43.2%
$67,001 - $134,000
23.2%
23.2%
$0 - $67,000
21.2%
21.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

High for SC

Value Relative To Nation

Number Of Homes And Apartments:
560

Pelzer Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
65.22% 2.36%
5
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,042 / per month

Homeownership Rate

Owners
68.8%
68.8%
Renters
31.3%
31.3%
Vacant
12.2%
12.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
0.6%
0.6%
1970 - 1999
13.2%
13.2%
1940 - 1969
44.2%
44.2%
1939 or Older
42.0%
42.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
87.6%
87.6%
Townhomes
0.0%
0.0%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.2%
0.2%
Mobile Homes
12.2%
12.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
8.3%
8.3%
2 Bedrooms
51.4%
51.4%
3 Bedrooms
29.8%
29.8%
4 Bedrooms
8.8%
8.8%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES