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


Ware Shoals Housing Market Information

With a population of 2,175, 816 total housing units (homes and apartments), and a median house value of $84,648, 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 85.84% 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 ( 7.51%), mobile homes or trailers ( 4.18%), and a few large apartment complexes or high rise apartments ( 1.33%).

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 53.98% owning and 46.02% 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 before 1939 ( 31.56%). A lesser amount of the housing stock also hails from between 1940-1969 ( 30.89%). There's also some housing in Ware Shoals built between 2000 and later ( 2.85%).

Vacant housing appears to be an issue in Ware Shoals. Fully 22.43% 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 -0.56% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ware Shoals's appreciation rate, at 4.92%, has been at or slightly above the national average. In the latest quarter, Ware Shoals's appreciation rate has been -0.61%, which annualizes to a rate of -2.43%.

Notably, Ware Shoals's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Carolina, our data show that Ware Shoals's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$84,648

Ware Shoals, SC HOME PRICES

Value Range
> $1,047,000 0.1
$786,001 - $1,047,000 0.0
$524,001 - $786,000 1.2
$419,001 - $524,000 0.8
$314,001 - $419,000 1.5
$210,001 - $314,000 5.1
$105,001 - $210,000 27.3
$52,001 - $105,000 34.5
$0 - $52,000 29.5

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
88.6162674942906 69.8884758364312

Number Of Homes And Apartments:
816

Rent & Ownership

 

Average Market Rent:
$703 / per month

Homeownership Rate

Homeownership
Owners 53.98
Renters 46.02
Vacant 22.43

Housing Market Details

 

Age of Homes

AGE OF Ware Shoals HOMES
2000 or Newer 2.9
1970 - 1999 34.7
1940 - 1969 30.9
1939 or Older 31.6

Types of Homes

TYPE OF Ware Shoals HOMES
Single-Family 85.8
Townhomes 1.1
Small Apt. Buildings 7.5
Apt. Complexes 1.3
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Ware Shoals HOMES
No Bedroom 0.00
1 Bedroom 2.85
2 Bedrooms 45.25
3 Bedrooms 41.73
4 Bedrooms 9.70
5 or more bedrooms 0.48

Ware Shoals Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
25.43% 1.34% 4 3
* 10 is highest

Popular Neighborhoods in Ware Shoals

Zip Codes in Ware Shoals, SC