Summerton, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Summerton Neighborhoods Since 2000




Summerton, 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

Summerton Housing Market Information

With a population of 965, 536 total housing units (homes and apartments), and a median house value of $85,356, house prices in Summerton are solidly below the national average.

Single-family detached homes are the single most common housing type in Summerton, accounting for 63.91% of the town's housing units. Other types of housing that are prevalent in Summerton include large apartment complexes or high rise apartments ( 13.41%), mobile homes or trailers ( 12.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.77%).

People in Summerton primarily live in small (one, two or no bedroom) single-family detached homes. Summerton has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Summerton 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 Summerton built between 1940-1969 ( 29.47%). A lesser amount of the housing stock also hails from before 1939 ( 23.01%). There's also some housing in Summerton built between 2000 and later ( 5.96%).

Vacant housing appears to be an issue in Summerton. Fully 11.26% of the housing stock is classified as vacant. Left unchecked, vacant Summerton homes and apartments can be a drag on the real estate market, holding Summerton 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.

Summerton Home Appreciation Rates

Appreciation rates for homes in Summerton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.01%, which ranks in the top 40% nationwide. This equates to an annual average Summerton house appreciation rate of 0.59%.

Over the last year, Summerton appreciation rates have trailed the rest of the nation. In the last twelve months, Summerton's appreciation rate has been 1.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Summerton were at 1.10%, which equates to an annual appreciation rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$85,356

Summerton, SC HOME PRICES

Value Range
> $1,086,000 0.0
$814,001 - $1,086,000 1.2
$543,001 - $814,000 1.0
$434,001 - $543,000 0.0
$326,001 - $434,000 2.4
$217,001 - $326,000 4.5
$109,001 - $217,000 27.5
$54,001 - $109,000 32.3
$0 - $54,000 31.1

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
87.2143443103246 71.3754646840149

Number Of Homes And Apartments:
536

Summerton 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
31.80% 1.61% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$525 / per month

Homeownership Rate

Homeownership
Owners 43.28
Renters 56.72
Vacant 11.26

Housing Market Details

 

Age of Homes

AGE OF Summerton HOMES
2000 or Newer 6.0
1970 - 1999 41.6
1940 - 1969 29.5
1939 or Older 23.0

Types of Homes

TYPE OF Summerton HOMES
Single-Family 63.9
Townhomes 0.0
Small Apt. Buildings 9.8
Apt. Complexes 13.4
Mobile Homes 12.9
Other 0.0

Home Size

SIZE OF Summerton HOMES
No Bedroom 0.83
1 Bedroom 11.59
2 Bedrooms 39.40
3 Bedrooms 34.11
4 Bedrooms 9.60
5 or more bedrooms 4.47

Popular Neighborhoods in Summerton

Popular Communities Near Summerton, SC

Zip Codes in Summerton, SC