Travelers Rest, SC Housing Market Trends
With a population of 8,750, 2,334 total housing units (homes and apartments), and a median house value of $516,448, Travelers Rest real estate is some of the most expensive in South Carolina, although Travelers Rest home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Travelers Rest, accounting for 62.93% of the city's housing units. Other types of housing that are prevalent in Travelers Rest include large apartment complexes or high rise apartments ( 27.91%), mobile homes or trailers ( 7.26%), and a few row houses and other attached homes ( 1.03%).
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 37.28% owning and 62.72% 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 2000 and later ( 36.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.69%). There's also some housing in Travelers Rest built before 1939 ( 4.18%).
Vacant housing appears to be an issue in Travelers Rest. Fully 14.41% of the housing stock is classified as vacant. Left unchecked, vacant Travelers Rest homes and apartments can be a drag on the real estate market, holding Travelers Rest 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.
Travelers Rest Home Appreciation Rates
In the last 10 years, Travelers Rest has experienced some of the highest home appreciation rates of any community in the nation. Travelers Rest real estate appreciated 148.27% over the last ten years, which is an average annual home appreciation rate of 9.52%, putting Travelers Rest in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Travelers Rest definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Travelers Rest's appreciation rate, at 6.93%, has been at or slightly above the national average. In the latest quarter, Travelers Rest's appreciation rate has been 0.19%, which annualizes to a rate of 0.76%.
Relative to South Carolina, our data show that Travelers Rest's latest annual appreciation rate is higher than 50% 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.
Median Home Value
$516,448
Very High
for South carolina
Very High
for nation
Number of Homes And Apartments:
2,334
SC
America
2024 Q3 - 2024 Q4
2023 Q4 - 2024 Q4
2022 Q4 - 2024 Q4
2019 Q4 - 2024 Q4
2014 Q4 - 2024 Q4
2000 Q1 - 2024 Q4
Average Market Rent:
$1,700 / per month