Walhalla, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Walhalla, SC Real Estate Data


Walhalla Housing Market Information

With a population of 4,251, 1,480 total housing units (homes and apartments), and a median house value of $125,925, 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 71.06% of the city's housing units. Other types of housing that are prevalent in Walhalla include mobile homes or trailers ( 14.80%), large apartment complexes or high rise apartments ( 10.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.96%).

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 52.89% owning and 47.11% 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 41.63% of the city's housing hails from this era. Other housing ages represented in Walhalla include homes built between 1970-1999 ( 36.15%) and housing constructed before 1939 ( 16.26%). There's also some housing in Walhalla built between 2000 and later ( 5.96%).

Vacant housing appears to be an issue in Walhalla. Fully 19.78% 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

Real estate appreciation rates in Walhalla's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.50% during the period.

Appreciation rates are so strong in Walhalla that despite a nationwide downturn in the housing market, Walhalla real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Walhalla appreciation rates continue to be some of the highest in America, at 6.32%, which is higher than appreciation rates in 78.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Walhalla. Walhalla appreciation rates in the latest quarter were at -0.61%, which equates to an annual appreciation rate of -2.43%.

Notably, Walhalla's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Carolina, our data show that Walhalla's latest annual appreciation rate is higher than 60% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$125,925

Walhalla, SC HOME PRICES

Value Range
> $1,058,000 0.0
$793,001 - $1,058,000 0.0
$529,001 - $793,000 2.2
$423,001 - $529,000 0.0
$317,001 - $423,000 5.1
$211,001 - $317,000 12.6
$106,001 - $211,000 33.8
$53,001 - $106,000 28.1
$0 - $53,000 18.2

High for SC
Low for Nation

Value Relative to Nation Value Relative to State
63.18440007027 37.9182156133829

Number Of Homes And Apartments:
1,480

Rent & Ownership

 

Average Market Rent:
$569 / per month

Homeownership Rate

Homeownership
Owners 52.89
Renters 47.11
Vacant 19.78

Housing Market Details

 

Age of Homes

AGE OF Walhalla HOMES
2000 or Newer 6.0
1970 - 1999 36.2
1940 - 1969 41.6
1939 or Older 16.3

Types of Homes

TYPE OF Walhalla HOMES
Single-Family 71.1
Townhomes 0.0
Small Apt. Buildings 4.0
Apt. Complexes 10.2
Mobile Homes 14.8
Other 0.0

Home Size

SIZE OF Walhalla HOMES
No Bedroom 1.19
1 Bedroom 9.00
2 Bedrooms 32.25
3 Bedrooms 48.94
4 Bedrooms 5.47
5 or more bedrooms 3.14

Walhalla Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
12.55% 0.70% 1 1
* 10 is highest

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Zip Codes in Walhalla, SC