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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.



Wellford, 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

Wellford, SC Housing Market Trends

With a population of 3,517, 1,077 total housing units (homes and apartments), and a median house value of $321,836, Wellford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wellford, accounting for 68.18% of the city's housing units. Other types of housing that are prevalent in Wellford include mobile homes or trailers ( 15.33%), row houses and other attached homes ( 8.02%), and a few large apartment complexes or high rise apartments ( 5.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wellford. Owner-occupied housing accounts for 71.49% of Wellford's homes, and 64.71% have either three or four bedrooms, which is average sized relative to America.

Wellford homes and real estate are some of the newest in America. 40.73% of Wellford's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Wellford real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.95%), and between 1940-1969 ( 25.22%). There's also some housing in Wellford built before 1939 ( 4.10%).

Wellford Home Appreciation Rates

In the last 10 years, Wellford has experienced some of the highest home appreciation rates of any community in the nation. Wellford real estate appreciated 122.58% over the last ten years, which is an average annual home appreciation rate of 8.33%, putting Wellford in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wellford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Wellford that despite a nationwide downturn in the housing market, Wellford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wellford appreciation rates continue to be some of the highest in America, at 8.92%, which is higher than appreciation rates in 91.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wellford. Wellford appreciation rates in the latest quarter were at 5.96%, which equates to an annual appreciation rate of 26.04%.

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

Relative to South Carolina, our data show that Wellford's latest annual appreciation rate is higher than 80% of the other cities and towns in South Carolina.

Average Home Values

Median Home Value

$321,836

Wellford, SC Home Prices
> $1,498,000
$1,123,001 - $1,498,000
$749,001 - $1,123,000
$599,001 - $749,000
$449,001 - $599,000
$300,001 - $449,000
$150,001 - $300,000
$75,001 - $150,000
$0 - $75,000
0.1%
0.1%
0.0%
0.0%
3.6%
3.6%
1.9%
1.9%
7.6%
7.6%
39.3%
39.3%
32.6%
32.6%
7.3%
7.3%
7.5%
7.5%
0% 100.0%
% of Homes
Very High

for South carolina

High

for nation

Number of Homes And Apartments:

1,077

Wellford Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,776 / per month

Homeownership Rate

Owners
Renters
71.5%
71.5%
28.5%
28.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.0%
4.0%
96.0%
96.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
40.7%
40.7%
29.9%
29.9%
25.2%
25.2%
4.1%
4.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.2%
68.2%
8.0%
8.0%
2.8%
2.8%
5.3%
5.3%
15.3%
15.3%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
4.3%
4.3%
25.8%
25.8%
49.8%
49.8%
14.9%
14.9%
5.3%
5.3%
0% 100.0%
% of Homes

Popular Neighborhoods in Wellford

Zip Codes in Wellford, SC