Seneca, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Seneca Neighborhoods Since 2000




Seneca, 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

Seneca Housing Market Information

With 8,279 people, 3,811 houses or apartments, and a median cost of homes of $160,033, Seneca real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Seneca, accounting for 59.65% of the city's housing units. Other types of housing that are prevalent in Seneca include large apartment complexes or high rise apartments ( 16.57%), duplexes, homes converted to apartments or other small apartment buildings ( 13.28%), and a few mobile homes or trailers ( 6.12%).

The most prevalent building size and type in Seneca are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.35% owning and 42.65% renting.

There is a lot of housing in Seneca 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 Seneca built between 1940-1969 ( 31.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.77%). There's also some housing in Seneca built before 1939 ( 2.82%).

Seneca Home Appreciation Rates

Appreciation rates for homes in Seneca have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.40%, which ranks in the top 50% nationwide. This equates to an annual average Seneca house appreciation rate of 0.33%.

NeighborhoodScout's data show that during the latest twelve months, Seneca's appreciation rate, at 4.21%, has been at or slightly above the national average. In the latest quarter, Seneca's appreciation rate has been 1.10%, which annualizes to a rate of 4.47%.

Relative to South Carolina, our data show that Seneca's latest annual appreciation rate is higher than 60% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Seneca differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Seneca - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Seneca real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$160,033

Seneca, SC HOME PRICES

Value Range
> $1,112,000 1.1
$834,001 - $1,112,000 0.7
$556,001 - $834,000 4.5
$444,001 - $556,000 3.8
$333,001 - $444,000 10.1
$223,001 - $333,000 10.9
$111,001 - $223,000 29.3
$56,001 - $111,000 23.8
$0 - $56,000 15.8

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
45.6931911402789 22.3048327137546

Number Of Homes And Apartments:
3,811

Seneca 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
38.30% 1.90% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$849 / per month

Homeownership Rate

Homeownership
Owners 57.35
Renters 42.65
Vacant 9.65

Housing Market Details

 

Age of Homes

AGE OF Seneca HOMES
2000 or Newer 19.8
1970 - 1999 46.1
1940 - 1969 31.3
1939 or Older 2.8

Types of Homes

TYPE OF Seneca HOMES
Single-Family 59.6
Townhomes 4.4
Small Apt. Buildings 13.3
Apt. Complexes 16.6
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Seneca HOMES
No Bedroom 0.69
1 Bedroom 10.08
2 Bedrooms 27.03
3 Bedrooms 48.91
4 Bedrooms 11.97
5 or more bedrooms 1.33