Warrenville, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Warrenville Neighborhoods Since 2000




Warrenville, SC Real Estate Data


Warrenville Housing Market Information

With 1,288 people, 422 houses or apartments, and a median cost of homes of $86,942, house prices in Warrenville are solidly below the national average.

Single-family detached homes are the single most common housing type in Warrenville, accounting for 67.71% of the town's housing units. Other types of housing that are prevalent in Warrenville include mobile homes or trailers ( 22.29%), large apartment complexes or high rise apartments ( 10.00%).

Dwellings in Warrenville tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.83% of the homes in Warrenville have two or fewer bedrooms.

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. Warrenville's housing was primarily built during this period, from the '40s through the '60s. A full 40.21% of the town's housing hails from this era. Other housing ages represented in Warrenville include homes built between 1970-1999 ( 23.13%) and housing constructed before 1939 ( 18.96%). There's also some housing in Warrenville built between 2000 and later ( 17.71%).

Vacant housing appears to be an issue in Warrenville. Fully 12.08% of the housing stock is classified as vacant. Left unchecked, vacant Warrenville homes and apartments can be a drag on the real estate market, holding Warrenville 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.

Warrenville Home Appreciation Rates

Appreciation rates for homes in Warrenville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.65%, which ranks in the top 40% nationwide. This equates to an annual average Warrenville house appreciation rate of 0.74%.

NeighborhoodScout's data show that during the latest twelve months, Warrenville's appreciation rate, at 5.48%, has been at or slightly above the national average. In the latest quarter, Warrenville's appreciation rate has been 3.10%, which annualizes to a rate of 12.99%.

Importantly, this makes Warrenville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$86,942

Warrenville, SC HOME PRICES

Value Range
> $1,082,000 0.0
$812,001 - $1,082,000 0.0
$541,001 - $812,000 0.0
$433,001 - $541,000 0.0
$325,001 - $433,000 0.0
$216,001 - $325,000 2.9
$108,001 - $216,000 34.5
$54,001 - $108,000 41.0
$0 - $54,000 21.5

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
87.2108684195116 67.2862453531599

Number Of Homes And Apartments:
422

Rent & Ownership

 

Average Market Rent:
$766 / per month

Homeownership Rate

Homeownership
Owners 74.41
Renters 25.59
Vacant 12.08

Housing Market Details

 

Age of Homes

AGE OF Warrenville HOMES
2000 or Newer 17.7
1970 - 1999 23.1
1940 - 1969 40.2
1939 or Older 19.0

Types of Homes

TYPE OF Warrenville HOMES
Single-Family 67.7
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 10.0
Mobile Homes 22.3
Other 0.0

Home Size

SIZE OF Warrenville HOMES
No Bedroom 0.00
1 Bedroom 10.21
2 Bedrooms 40.63
3 Bedrooms 49.17
4 Bedrooms 0.00
5 or more bedrooms 0.00

Warrenville 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
45.78% 2.24% 8 5
* 10 is highest

Popular Neighborhoods in Warrenville

Zip Codes in Warrenville, SC