Wellford, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wellford Neighborhoods Since 2000




Wellford, 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

Wellford Housing Market Information

With a population of 2,526, 907 total housing units (homes and apartments), and a median house value of $88,866, house prices in Wellford are solidly below the national average.

Single-family detached homes are the single most common housing type in Wellford, accounting for 68.79% of the city's housing units. Other types of housing that are prevalent in Wellford include mobile homes or trailers ( 19.37%), large apartment complexes or high rise apartments ( 5.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.42%).

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 66.11% of Wellford's homes, and 59.78% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wellford 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 Wellford built between 1940-1969 ( 30.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.60%). There's also some housing in Wellford built before 1939 ( 11.15%).

Vacant housing appears to be an issue in Wellford. Fully 11.25% of the housing stock is classified as vacant. Left unchecked, vacant Wellford homes and apartments can be a drag on the real estate market, holding Wellford 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.

Wellford Home Appreciation Rates

Appreciation rates for homes in Wellford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.43%, which ranks in the top 50% nationwide. This equates to an annual average Wellford house appreciation rate of 0.34%.

Over the last year, Wellford appreciation rates have trailed the rest of the nation. In the last twelve months, Wellford's appreciation rate has been -0.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wellford were at -3.08%, which equates to an annual appreciation rate of -11.77%.

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

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

Average Home Values

 

Median Home Value:
$88,866

Wellford, SC HOME PRICES

Value Range
> $1,066,000 0.0
$799,001 - $1,066,000 0.0
$533,001 - $799,000 0.1
$427,001 - $533,000 0.5
$320,001 - $427,000 0.5
$213,001 - $320,000 6.2
$107,001 - $213,000 34.6
$53,001 - $107,000 40.7
$0 - $53,000 17.4

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
84.8294855267784 63.9405204460966

Number Of Homes And Apartments:
907

Wellford 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
10.67% 0.59% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$823 / per month

Homeownership Rate

Homeownership
Owners 66.11
Renters 33.89
Vacant 11.25

Housing Market Details

 

Age of Homes

AGE OF Wellford HOMES
2000 or Newer 13.6
1970 - 1999 45.1
1940 - 1969 30.1
1939 or Older 11.2

Types of Homes

TYPE OF Wellford HOMES
Single-Family 68.8
Townhomes 2.4
Small Apt. Buildings 3.4
Apt. Complexes 6.0
Mobile Homes 19.4
Other 0.0

Home Size

SIZE OF Wellford HOMES
No Bedroom 1.17
1 Bedroom 2.15
2 Bedrooms 35.23
3 Bedrooms 47.65
4 Bedrooms 12.13
5 or more bedrooms 1.66