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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Walterboro, SC Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Walterboro, SC Housing Market Trends

With a population of 5,464, 2,268 total housing units (homes and apartments), and a median house value of $224,380, 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 58.71% of the city's housing units. Other types of housing that are prevalent in Walterboro include large apartment complexes or high rise apartments ( 18.76%), duplexes, homes converted to apartments or other small apartment buildings ( 12.75%), and a few mobile homes or trailers ( 9.36%).

People in Walterboro primarily live in small (one, two or no bedroom) single-family detached homes. Walterboro has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Walterboro 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 Walterboro built between 1940-1969 ( 28.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.36%). There's also some housing in Walterboro built before 1939 ( 7.82%).

Vacant housing appears to be an issue in Walterboro. Fully 12.63% 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

Appreciation rates for homes in Walterboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.07%, which ranks in the top 50% nationwide. This equates to an annual average Walterboro house appreciation rate of 6.46%.

Appreciation rates are so strong in Walterboro that despite a nationwide downturn in the housing market, Walterboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Walterboro appreciation rates continue to be some of the highest in America, at 6.80%, which is higher than appreciation rates in 80.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Walterboro. Walterboro appreciation rates in the latest quarter were at 2.50%, which equates to an annual appreciation rate of 10.37%.

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

$224,380

Walterboro, SC Home Prices
> $1,537,000
$1,153,001 - $1,537,000
$768,001 - $1,153,000
$615,001 - $768,000
$461,001 - $615,000
$308,001 - $461,000
$154,001 - $308,000
$77,001 - $154,000
$0 - $77,000
0.3%
0.3%
0.1%
0.1%
0.0%
0.0%
1.2%
1.2%
3.8%
3.8%
13.5%
13.5%
26.8%
26.8%
38.6%
38.6%
15.7%
15.7%
0% 100.0%
% of Homes
Average

for South carolina

Average

for nation

Number of Homes And Apartments:

2,268

Walterboro Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,200 / per month

Homeownership Rate

Owners
Renters
Vacant
51.9%
51.9%
48.1%
48.1%
12.6%
12.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.4%
10.4%
53.2%
53.2%
28.6%
28.6%
7.8%
7.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
58.7%
58.7%
0.4%
0.4%
12.8%
12.8%
18.8%
18.8%
9.4%
9.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
6.9%
6.9%
49.2%
49.2%
32.3%
32.3%
8.7%
8.7%
1.0%
1.0%
0% 100.0%
% of Homes