Prosperity, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Prosperity, 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

Prosperity Housing Market Information

With a population of 1,200, 439 total housing units (homes and apartments), and a median house value of $125,922, house prices in Prosperity are solidly below the national average.

Single-family detached homes are the single most common housing type in Prosperity, accounting for 67.79% of the town's housing units. Other types of housing that are prevalent in Prosperity include mobile homes or trailers ( 21.47%), duplexes, homes converted to apartments or other small apartment buildings ( 7.75%), and a few large apartment complexes or high rise apartments ( 2.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Prosperity. Owner-occupied housing accounts for 65.38% of Prosperity's homes, and 65.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Prosperity 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 Prosperity built before 1939 ( 22.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.28%). There's also some housing in Prosperity built between 2000 and later ( 8.35%).

Vacant housing appears to be an issue in Prosperity. Fully 12.72% of the housing stock is classified as vacant. Left unchecked, vacant Prosperity homes and apartments can be a drag on the real estate market, holding Prosperity 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.

Prosperity Home Appreciation Rates

Real estate appreciation rates in Prosperity's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.63% during the period.

Over the last year, Prosperity appreciation rates have trailed the rest of the nation. In the last twelve months, Prosperity's appreciation rate has been 0.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Prosperity were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to South Carolina, our data show that Prosperity's latest annual appreciation rate is lower than 70% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$125,922

Prosperity, SC HOME PRICES

Value Range
> $1,027,000 0.0
$770,001 - $1,027,000 0.0
$513,001 - $770,000 0.8
$411,001 - $513,000 3.5
$308,001 - $411,000 4.7
$205,001 - $308,000 19.6
$103,001 - $205,000 27.7
$51,001 - $103,000 23.1
$0 - $51,000 20.5

High for SC
Low for Nation

Value Relative to Nation Value Relative to State
62.0180475799836 38.6617100371747

Number Of Homes And Apartments:
439

Prosperity 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
25.63% 1.33% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$881 / per month

Homeownership Rate

Homeownership
Owners 65.38
Renters 34.62
Vacant 12.72

Housing Market Details

 

Age of Homes

AGE OF Prosperity HOMES
2000 or Newer 8.3
1970 - 1999 49.1
1940 - 1969 20.3
1939 or Older 22.3

Types of Homes

TYPE OF Prosperity HOMES
Single-Family 67.8
Townhomes 0.0
Small Apt. Buildings 7.8
Apt. Complexes 3.0
Mobile Homes 21.5
Other 0.0

Home Size

SIZE OF Prosperity HOMES
No Bedroom 0.60
1 Bedroom 10.14
2 Bedrooms 19.28
3 Bedrooms 57.26
4 Bedrooms 8.55
5 or more bedrooms 4.17

Popular Neighborhoods in Prosperity

Zip Codes in Prosperity, SC