Ware Shoals, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Ware Shoals, SC Housing Market Trends

With a population of 2,154, 977 total housing units (homes and apartments), and a median house value of $85,241, house prices in Ware Shoals 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 Ware Shoals, accounting for 75.99% of the town's housing units. Other types of housing that are prevalent in Ware Shoals include duplexes, homes converted to apartments or other small apartment buildings ( 11.45%), large apartment complexes or high rise apartments ( 6.37%), and a few mobile homes or trailers ( 6.20%).

The most prevalent building size and type in Ware Shoals are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.19% owning and 51.81% 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. Ware Shoals's housing was primarily built during this period, from the '40s through the '60s. A full 44.32% of the town's housing hails from this era. Other housing ages represented in Ware Shoals include homes built before 1939 ( 28.57%) and housing constructed between 1970-1999 ( 26.85%).

Vacant housing appears to be an issue in Ware Shoals. Fully 15.92% of the housing stock is classified as vacant. Left unchecked, vacant Ware Shoals homes and apartments can be a drag on the real estate market, holding Ware Shoals 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.

Ware Shoals Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Ware Shoals, where house values have increased just 18.53%, which is annualized rate of 1.71%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Ware Shoals's appreciation rate, at 9.11%, has been at or slightly above the national average. In the latest quarter, Ware Shoals's appreciation rate has been 3.17%, which annualizes to a rate of 13.31%.

Relative to South Carolina, our data show that Ware Shoals's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$85,241

Ware Shoals, SC HOME PRICES

> $1,103,000
0.9%
0.9%
$827,001 - $1,103,000
0.0%
0.0%
$551,001 - $827,000
1.1%
1.1%
$441,001 - $551,000
0.9%
0.9%
$331,001 - $441,000
5.4%
5.4%
$220,001 - $331,000
6.6%
6.6%
$110,001 - $220,000
23.1%
23.1%
$55,001 - $110,000
31.2%
31.2%
$0 - $55,000
30.7%
30.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for SC

Value Relative To Nation

Number Of Homes And Apartments:
977

Ware Shoals Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
50.06% 1.91%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$987 / per month

Homeownership Rate

Owners
48.2%
48.2%
Renters
51.8%
51.8%
Vacant
15.9%
15.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
0.3%
0.3%
1970 - 1999
26.9%
26.9%
1940 - 1969
44.3%
44.3%
1939 or Older
28.6%
28.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.0%
76.0%
Townhomes
0.0%
0.0%
Small Apt. Buildings
11.4%
11.4%
Apt. Complexes
6.4%
6.4%
Mobile Homes
6.2%
6.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
7.1%
7.1%
2 Bedrooms
37.1%
37.1%
3 Bedrooms
45.5%
45.5%
4 Bedrooms
7.5%
7.5%
5 or more bedrooms
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Ware Shoals

Zip Codes in Ware Shoals, SC