Walhalla, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Walhalla, 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

Walhalla Housing Market Information

With a population of 4,251, 1,549 total housing units (homes and apartments), and a median house value of $130,489, house prices in Walhalla are solidly below the national average.

Single-family detached homes are the single most common housing type in Walhalla, accounting for 68.48% of the city's housing units. Other types of housing that are prevalent in Walhalla include mobile homes or trailers ( 13.58%), large apartment complexes or high rise apartments ( 11.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.98%).

The most prevalent building size and type in Walhalla are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.22% owning and 51.78% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Walhalla's housing was primarily built during this period, from the '40s through the '60s. A full 43.00% of the city's housing hails from this era. Other housing ages represented in Walhalla include homes built between 1970-1999 ( 35.99%) and housing constructed before 1939 ( 12.66%). There's also some housing in Walhalla built between 2000 and later ( 8.35%).

Vacant housing appears to be an issue in Walhalla. Fully 16.54% of the housing stock is classified as vacant. Left unchecked, vacant Walhalla homes and apartments can be a drag on the real estate market, holding Walhalla 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.

Walhalla Home Appreciation Rates

Walhalla's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Walhalla during the period has been just -0.88%, which is lower than 70% of US communities.

Over the last year, Walhalla appreciation rates have trailed the rest of the nation. In the last twelve months, Walhalla's appreciation rate has been -1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Walhalla were at 1.10%, which equates to an annual appreciation rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$130,489

Walhalla, SC HOME PRICES

Value Range
> $1,045,000 0.0
$784,001 - $1,045,000 0.0
$523,001 - $784,000 1.4
$418,001 - $523,000 0.8
$313,001 - $418,000 4.4
$209,001 - $313,000 14.8
$104,001 - $209,000 35.0
$52,001 - $104,000 27.5
$0 - $52,000 16.0

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
59.6097503808742 35.3159851301115

Number Of Homes And Apartments:
1,549

Walhalla 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
9.38% 0.52% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$786 / per month

Homeownership Rate

Homeownership
Owners 48.22
Renters 51.78
Vacant 16.54

Housing Market Details

 

Age of Homes

AGE OF Walhalla HOMES
2000 or Newer 8.4
1970 - 1999 36.0
1940 - 1969 43.0
1939 or Older 12.7

Types of Homes

TYPE OF Walhalla HOMES
Single-Family 68.5
Townhomes 0.0
Small Apt. Buildings 6.0
Apt. Complexes 12.0
Mobile Homes 13.6
Other 0.0

Home Size

SIZE OF Walhalla HOMES
No Bedroom 1.13
1 Bedroom 12.55
2 Bedrooms 33.14
3 Bedrooms 45.74
4 Bedrooms 4.09
5 or more bedrooms 3.34

Popular Neighborhoods in Walhalla

Zip Codes in Walhalla, SC