Travelers Rest, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Travelers Rest Neighborhoods Since 2000




Travelers Rest, 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

Travelers Rest Housing Market Information

With 4,994 people, 1,697 houses or apartments, and a median cost of homes of $171,343, Travelers Rest 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 Travelers Rest, accounting for 62.49% of the city's housing units. Other types of housing that are prevalent in Travelers Rest include large apartment complexes or high rise apartments ( 22.06%), duplexes, homes converted to apartments or other small apartment buildings ( 11.56%), and a few mobile homes or trailers ( 2.40%).

The most prevalent building size and type in Travelers Rest are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.07% owning and 41.93% renting.

There is a lot of housing in Travelers Rest 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 Travelers Rest built between 1940-1969 ( 24.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.13%). There's also some housing in Travelers Rest built before 1939 ( 1.44%).

Travelers Rest Home Appreciation Rates

Appreciation rates for homes in Travelers Rest have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.82%, which ranks in the top 30% nationwide. This equates to an annual average Travelers Rest house appreciation rate of 1.39%.

Appreciation rates are so strong in Travelers Rest that despite a nationwide downturn in the housing market, Travelers Rest real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Travelers Rest appreciation rates continue to be some of the highest in America, at 7.00%, which is higher than appreciation rates in 81.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Travelers Rest. Travelers Rest appreciation rates in the latest quarter were at 1.93%, which equates to an annual appreciation rate of 7.93%.

Importantly, this makes Travelers Rest one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to South Carolina, our data show that Travelers Rest's latest annual appreciation rate is higher than 70% 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 Travelers Rest differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Travelers Rest - 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 Travelers Rest real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$171,343

Travelers Rest, SC HOME PRICES

Value Range
> $1,138,000 2.1
$853,001 - $1,138,000 0.1
$569,001 - $853,000 4.8
$455,001 - $569,000 3.3
$341,001 - $455,000 3.8
$228,001 - $341,000 18.0
$114,001 - $228,000 43.8
$57,001 - $114,000 16.3
$0 - $57,000 7.8

Very High for SC
Average for Nation

Value Relative to Nation Value Relative to State
41.1578577288175 17.8438661710037

Number Of Homes And Apartments:
1,697

Travelers Rest 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
36.92% 1.84% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$906 / per month

Homeownership Rate

Homeownership
Owners 58.07
Renters 41.93
Vacant 9.59

Housing Market Details

 

Age of Homes

AGE OF Travelers Rest HOMES
2000 or Newer 19.1
1970 - 1999 55.4
1940 - 1969 24.1
1939 or Older 1.4

Types of Homes

TYPE OF Travelers Rest HOMES
Single-Family 62.5
Townhomes 1.5
Small Apt. Buildings 11.6
Apt. Complexes 22.1
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Travelers Rest HOMES
No Bedroom 0.00
1 Bedroom 3.14
2 Bedrooms 32.55
3 Bedrooms 43.79
4 Bedrooms 18.86
5 or more bedrooms 1.65