Westminster, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Westminster Neighborhoods Since 2000




Westminster, 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

Westminster Housing Market Information

With a population of 2,484, 1,012 total housing units (homes and apartments), and a median house value of $133,640, house prices in Westminster are solidly below the national average.

Single-family detached homes are the single most common housing type in Westminster, accounting for 77.18% of the city's housing units. Other types of housing that are prevalent in Westminster include mobile homes or trailers ( 10.97%), duplexes, homes converted to apartments or other small apartment buildings ( 8.97%), and a few large apartment complexes or high rise apartments ( 2.88%).

The most prevalent building size and type in Westminster are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.62% owning and 35.38% renting.

Vacant housing appears to be an issue in Westminster. Fully 18.98% of the housing stock is classified as vacant. Left unchecked, vacant Westminster homes and apartments can be a drag on the real estate market, holding Westminster 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.

Westminster Home Appreciation Rates

Real estate appreciation rates in Westminster's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.

Over the last year, Westminster appreciation rates have trailed the rest of the nation. In the last twelve months, Westminster's appreciation rate has been 0.82%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Westminster were at 1.10%, which equates to an annual appreciation rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$133,640

Westminster, SC HOME PRICES

Value Range
> $1,097,000 0.2
$823,001 - $1,097,000 0.1
$549,001 - $823,000 1.9
$439,001 - $549,000 0.8
$329,001 - $439,000 5.6
$219,001 - $329,000 10.8
$110,001 - $219,000 37.5
$55,001 - $110,000 20.5
$0 - $55,000 22.7

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
57.8753076292043 34.2007434944238

Number Of Homes And Apartments:
1,012

Westminster 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
34.18% 1.72% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$774 / per month

Homeownership Rate

Homeownership
Owners 64.62
Renters 35.38
Vacant 18.98

Housing Market Details

 

Age of Homes

AGE OF Westminster HOMES
2000 or Newer 3.0
1970 - 1999 40.4
1940 - 1969 40.4
1939 or Older 16.3

Types of Homes

TYPE OF Westminster HOMES
Single-Family 77.2
Townhomes 0.0
Small Apt. Buildings 9.0
Apt. Complexes 2.9
Mobile Homes 11.0
Other 0.0

Home Size

SIZE OF Westminster HOMES
No Bedroom 0.00
1 Bedroom 6.89
2 Bedrooms 39.47
3 Bedrooms 41.95
4 Bedrooms 8.49
5 or more bedrooms 3.20

Zip Codes in Westminster, SC