Timmonsville, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Timmonsville Housing Market Information

With 2,366 people, 843 houses or apartments, and a median cost of homes of $82,708, house prices in Timmonsville are some of the most affordable in South Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Timmonsville, accounting for 60.83% of the town's housing units. Other types of housing that are prevalent in Timmonsville include mobile homes or trailers ( 27.26%), duplexes, homes converted to apartments or other small apartment buildings ( 11.02%).

The most prevalent building size and type in Timmonsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.60% owning and 48.40% renting.

There is a lot of housing in Timmonsville 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 Timmonsville built between 1940-1969 ( 32.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.31%). There's also some housing in Timmonsville built before 1939 ( 4.43%).

Vacant housing appears to be an issue in Timmonsville. Fully 17.03% of the housing stock is classified as vacant. Left unchecked, vacant Timmonsville homes and apartments can be a drag on the real estate market, holding Timmonsville 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.

Timmonsville Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Timmonsville, where house values have increased just 8.01%, which is annualized rate of 0.77%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Timmonsville appreciation rates have trailed the rest of the nation. In the last twelve months, Timmonsville's appreciation rate has been 2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Timmonsville were at 2.75%, which equates to an annual appreciation rate of 11.48%.

Importantly, this makes Timmonsville 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 Timmonsville's latest annual appreciation rate is lower than 90% of the other cities and towns in South Carolina.

Average Home Values

 
info

Median Home Value:
$82,708

Timmonsville, SC HOME PRICES

> $1,151,000
0.0%
0.0%
$863,001 - $1,151,000
0.0%
0.0%
$576,001 - $863,000
0.0%
0.0%
$461,001 - $576,000
1.0%
1.0%
$345,001 - $461,000
2.0%
2.0%
$230,001 - $345,000
5.9%
5.9%
$115,001 - $230,000
21.8%
21.8%
$58,001 - $115,000
35.2%
35.2%
$0 - $58,000
34.0%
34.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for SC

Value Relative To Nation

Number Of Homes And Apartments:
843

Timmonsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
32.05% 1.35%
1
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$916 / per month

Homeownership Rate

Owners
51.6%
51.6%
Renters
48.4%
48.4%
Vacant
17.0%
17.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
5.3%
5.3%
1970 - 1999
58.1%
58.1%
1940 - 1969
32.2%
32.2%
1939 or Older
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
60.8%
60.8%
Townhomes
0.0%
0.0%
Small Apt. Buildings
11.0%
11.0%
Apt. Complexes
0.9%
0.9%
Mobile Homes
27.3%
27.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.3%
0.3%
1 Bedroom
1.1%
1.1%
2 Bedrooms
22.6%
22.6%
3 Bedrooms
50.1%
50.1%
4 Bedrooms
21.6%
21.6%
5 or more bedrooms
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Timmonsville

Zip Codes in Timmonsville, SC