Pelzer, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Pelzer Neighborhoods Since 2000




Pelzer, 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

Pelzer Housing Market Information

With 91 people, 28 houses or apartments, and a median cost of homes of $114,621, 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 80.00% of the town's housing units. Other types of housing that are prevalent in Pelzer include duplexes, homes converted to apartments or other small apartment buildings ( 10.00%), row houses and other attached homes ( 10.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pelzer. Owner-occupied housing accounts for 67.86% of Pelzer's homes, and 62.50% have either three or four bedrooms, which is average sized relative to America.

The housing in Pelzer was primarily built before 1939 ( 67.50%), making the housing stock in Pelzer some of the oldest overall in America, although there is a range of ages of homes in Pelzer. The next most important housing age is between 1970-1999 ( 22.50%), followed by between 1940-1969 ( 10.00%).

Vacant housing appears to be an issue in Pelzer. Fully 30.00% 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 1.64%, which ranks in the top 50% nationwide. This equates to an annual average Pelzer house appreciation rate of 0.16%.

NeighborhoodScout's data show that during the latest twelve months, Pelzer's appreciation rate, at 4.57%, has been at or slightly above the national average. In the latest quarter, Pelzer's appreciation rate has been 1.93%, which annualizes to a rate of 7.93%.

Importantly, this makes Pelzer 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 Pelzer's latest annual appreciation rate is higher than 60% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$114,621

Pelzer, SC HOME PRICES

Value Range
> $1,124,000 0.5
$843,001 - $1,124,000 0.0
$562,001 - $843,000 0.6
$449,001 - $562,000 0.7
$338,001 - $449,000 2.7
$225,001 - $338,000 7.6
$113,001 - $225,000 30.8
$56,001 - $113,000 40.0
$0 - $56,000 17.2

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
68.5251377006914 48.1412639405204

Number Of Homes And Apartments:
28

Pelzer 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
22.16% 1.17% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$855 / per month

Homeownership Rate

Homeownership
Owners 67.86
Renters 32.14
Vacant 30.00

Housing Market Details

 

Age of Homes

AGE OF Pelzer HOMES
2000 or Newer 0.0
1970 - 1999 22.5
1940 - 1969 10.0
1939 or Older 67.5

Types of Homes

TYPE OF Pelzer HOMES
Single-Family 80.0
Townhomes 10.0
Small Apt. Buildings 10.0
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pelzer HOMES
No Bedroom 2.50
1 Bedroom 0.00
2 Bedrooms 25.00
3 Bedrooms 45.00
4 Bedrooms 17.50
5 or more bedrooms 10.00