Turbeville, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Turbeville, SC Real Estate Data


Turbeville Housing Market Information

With 804 people, 401 houses or apartments, and a median cost of homes of $73,535, house prices in Turbeville 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 Turbeville, accounting for 58.11% of the town's housing units. Other types of housing that are prevalent in Turbeville include mobile homes or trailers ( 28.38%), duplexes, homes converted to apartments or other small apartment buildings ( 8.78%), and a few large apartment complexes or high rise apartments ( 2.70%).

The most prevalent building size and type in Turbeville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.40% owning and 39.60% renting.

There is a lot of housing in Turbeville 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 Turbeville built between 1940-1969 ( 27.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.56%). There's also some housing in Turbeville built before 1939 ( 6.76%).

Turbeville Home Appreciation Rates

Appreciation rates for homes in Turbeville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.37%, which ranks in the top 50% nationwide. This equates to an annual average Turbeville house appreciation rate of 0.23%.

Appreciation rates are so strong in Turbeville that despite a nationwide downturn in the housing market, Turbeville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Turbeville appreciation rates continue to be some of the highest in America, at 11.66%, which is higher than appreciation rates in 96.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Turbeville. Turbeville appreciation rates in the latest quarter were at 0.10%, which equates to an annual appreciation rate of 0.39%.

Relative to South Carolina, our data show that Turbeville's latest annual appreciation rate is higher than 90% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$73,535

Turbeville, SC HOME PRICES

Value Range
> $1,127,000 0.0
$845,001 - $1,127,000 0.0
$564,001 - $845,000 0.0
$451,001 - $564,000 0.0
$338,001 - $451,000 0.3
$226,001 - $338,000 6.5
$113,001 - $226,000 28.5
$56,001 - $113,000 20.3
$0 - $56,000 44.3

Very Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
93.7360834407594 86.9888475836431

Number Of Homes And Apartments:
401

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Homeownership
Owners 60.40
Renters 39.60
Vacant 9.68

Housing Market Details

 

Age of Homes

AGE OF Turbeville HOMES
2000 or Newer 8.6
1970 - 1999 57.0
1940 - 1969 27.7
1939 or Older 6.8

Types of Homes

TYPE OF Turbeville HOMES
Single-Family 58.1
Townhomes 2.0
Small Apt. Buildings 8.8
Apt. Complexes 2.7
Mobile Homes 28.4
Other 0.0

Home Size

SIZE OF Turbeville HOMES
No Bedroom 0.68
1 Bedroom 7.88
2 Bedrooms 23.65
3 Bedrooms 49.77
4 Bedrooms 15.32
5 or more bedrooms 2.70

Turbeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
31.16% 1.58% 5 4
* 10 is highest

Popular Neighborhoods in Turbeville

Zip Codes in Turbeville, SC