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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.



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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 1,698 people, 693 houses or apartments, and a median cost of homes of $123,460, 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 73.38% of the town's housing units. Other types of housing that are prevalent in Ware Shoals include mobile homes or trailers ( 18.58%), duplexes, homes converted to apartments or other small apartment buildings ( 4.59%), and a few row houses and other attached homes ( 1.88%).

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 59.82% owning and 40.18% renting.

The housing in Ware Shoals was primarily built before 1939 ( 37.58%), making the housing stock in Ware Shoals some of the oldest overall in America, although there is a range of ages of homes in Ware Shoals. The next most important housing age is between 1940-1969 ( 33.30%), followed by between 1970-1999 ( 28.81%).

Vacant housing appears to be an issue in Ware Shoals. Fully 27.66% 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

Real estate appreciation rates in Ware Shoals's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.73% during the period.

Appreciation rates are so strong in Ware Shoals that despite a nationwide downturn in the housing market, Ware Shoals real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ware Shoals appreciation rates continue to be some of the highest in America, at 6.75%, which is higher than appreciation rates in 72.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ware Shoals. Ware Shoals appreciation rates in the latest quarter were at 1.20%, which equates to an annual appreciation rate of 4.88%.

Relative to South Carolina, our data show that Ware Shoals's latest annual appreciation rate is lower than 70% of the other cities and towns in South Carolina.

Average Home Values

Median Home Value

$123,460

Ware Shoals, SC Home Prices
> $1,245,000
$934,001 - $1,245,000
$622,001 - $934,000
$498,001 - $622,000
$373,001 - $498,000
$249,001 - $373,000
$124,001 - $249,000
$62,001 - $124,000
$0 - $62,000
1.1%
1.1%
0.0%
0.0%
1.5%
1.5%
3.3%
3.3%
1.5%
1.5%
6.3%
6.3%
28.2%
28.2%
41.9%
41.9%
16.2%
16.2%
0% 100.0%
% of Homes
Very Low

for South carolina

Very Low

for nation

Number of Homes And Apartments:

693

Ware Shoals Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,336 / per month

Homeownership Rate

Owners
Renters
59.8%
59.8%
40.2%
40.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
27.7%
27.7%
72.3%
72.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.3%
0.3%
28.8%
28.8%
33.3%
33.3%
37.6%
37.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.4%
73.4%
1.9%
1.9%
4.6%
4.6%
1.6%
1.6%
18.6%
18.6%
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
1.9%
1.9%
3.7%
3.7%
43.1%
43.1%
43.2%
43.2%
7.3%
7.3%
0.8%
0.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Ware Shoals

Zip Codes in Ware Shoals, SC