Ware Shoals, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ware Shoals Neighborhoods Since 2000




Ware Shoals, 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

Ware Shoals Housing Market Information

With 2,175 people, 937 houses or apartments, and a median cost of homes of $79,042, house prices in Ware Shoals are solidly below the national average.

Single-family detached homes are the single most common housing type in Ware Shoals, accounting for 83.55% 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 ( 7.92%), mobile homes or trailers ( 4.18%), and a few large apartment complexes or high rise apartments ( 3.22%).

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 51.73% owning and 48.27% renting.

There is a lot of housing in Ware Shoals 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 Ware Shoals built between 1940-1969 ( 32.20%). A lesser amount of the housing stock also hails from before 1939 ( 28.20%). There's also some housing in Ware Shoals built between 2000 and later ( 2.44%).

Vacant housing appears to be an issue in Ware Shoals. Fully 18.45% 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

Ware Shoals's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ware Shoals during the period has been just -1.25%, which is lower than 70% of US communities.

Over the last year, Ware Shoals appreciation rates have trailed the rest of the nation. In the last twelve months, Ware Shoals's appreciation rate has been -2.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ware Shoals were at 1.10%, which equates to an annual appreciation rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$79,042

Ware Shoals, SC HOME PRICES

Value Range
> $1,021,000 0.1
$766,001 - $1,021,000 0.0
$511,001 - $766,000 1.5
$408,001 - $511,000 0.8
$306,001 - $408,000 2.5
$204,001 - $306,000 6.9
$102,001 - $204,000 22.0
$51,001 - $102,000 33.7
$0 - $51,000 32.5

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
91.1021914918552 79.3680297397769

Number Of Homes And Apartments:
937

Ware Shoals 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
17.34% 0.93% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$830 / per month

Homeownership Rate

Homeownership
Owners 51.73
Renters 48.27
Vacant 18.45

Housing Market Details

 

Age of Homes

AGE OF Ware Shoals HOMES
2000 or Newer 2.4
1970 - 1999 37.2
1940 - 1969 32.2
1939 or Older 28.2

Types of Homes

TYPE OF Ware Shoals HOMES
Single-Family 83.6
Townhomes 1.1
Small Apt. Buildings 7.9
Apt. Complexes 3.2
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Ware Shoals HOMES
No Bedroom 0.00
1 Bedroom 3.92
2 Bedrooms 42.30
3 Bedrooms 45.26
4 Bedrooms 8.09
5 or more bedrooms 0.44

Popular Neighborhoods in Ware Shoals

Zip Codes in Ware Shoals, SC