Walterboro, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Walterboro, 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

Walterboro Housing Market Information

With 5,278 people, 2,264 houses or apartments, and a median cost of homes of $120,297, house prices in Walterboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Walterboro, accounting for 72.83% of the city's housing units. Other types of housing that are prevalent in Walterboro include large apartment complexes or high rise apartments ( 11.61%), duplexes, homes converted to apartments or other small apartment buildings ( 10.96%), and a few mobile homes or trailers ( 3.65%).

The most prevalent building size and type in Walterboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.61% owning and 52.39% 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. Walterboro's housing was primarily built during this period, from the '40s through the '60s. A full 46.88% of the city's housing hails from this era. Other housing ages represented in Walterboro include homes built between 1970-1999 ( 45.13%) and housing constructed between 2000 and later ( 4.34%). There's also some housing in Walterboro built before 1939 ( 3.65%).

Vacant housing appears to be an issue in Walterboro. Fully 13.85% of the housing stock is classified as vacant. Left unchecked, vacant Walterboro homes and apartments can be a drag on the real estate market, holding Walterboro 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.

Walterboro Home Appreciation Rates

Real estate appreciation rates in Walterboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.65% during the period.

NeighborhoodScout's data show that during the latest twelve months, Walterboro's appreciation rate, at 3.99%, has been at or slightly above the national average. In the latest quarter, Walterboro's appreciation rate has been 1.10%, which annualizes to a rate of 4.47%.

Relative to South Carolina, our data show that Walterboro's latest annual appreciation rate is higher than 60% 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 Walterboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Walterboro - 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 Walterboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$120,297

Walterboro, SC HOME PRICES

Value Range
> $1,079,000 0.0
$809,001 - $1,079,000 0.0
$539,001 - $809,000 0.0
$432,001 - $539,000 1.0
$324,001 - $432,000 2.2
$216,001 - $324,000 9.8
$108,001 - $216,000 38.0
$54,001 - $108,000 37.1
$0 - $54,000 11.9

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
65.2173913043478 44.2379182156134

Number Of Homes And Apartments:
2,264

Walterboro 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
50.07% 2.38% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$995 / per month

Homeownership Rate

Homeownership
Owners 47.61
Renters 52.39
Vacant 13.85

Housing Market Details

 

Age of Homes

AGE OF Walterboro HOMES
2000 or Newer 4.3
1970 - 1999 45.1
1940 - 1969 46.9
1939 or Older 3.7

Types of Homes

TYPE OF Walterboro HOMES
Single-Family 72.8
Townhomes 1.0
Small Apt. Buildings 11.0
Apt. Complexes 11.6
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Walterboro HOMES
No Bedroom 2.05
1 Bedroom 7.61
2 Bedrooms 29.87
3 Bedrooms 48.52
4 Bedrooms 10.35
5 or more bedrooms 1.60

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Zip Codes in Walterboro, SC