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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.



Westminster, 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

Westminster, SC Housing Market Trends

With 2,386 people, 1,012 houses or apartments, and a median cost of homes of $205,862, 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 73.55% of the city's housing units. Other types of housing that are prevalent in Westminster include duplexes, homes converted to apartments or other small apartment buildings ( 9.95%), mobile homes or trailers ( 9.86%), and a few large apartment complexes or high rise apartments ( 6.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Westminster. Owner-occupied housing accounts for 66.70% of Westminster's homes, and 50.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Westminster 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 Westminster built between 1940-1969 ( 31.80%). A lesser amount of the housing stock also hails from before 1939 ( 9.18%). There's also some housing in Westminster built between 2000 and later ( 9.01%).

Vacant housing appears to be an issue in Westminster. Fully 13.95% 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

Appreciation rates for homes in Westminster have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.13%, which ranks in the top 40% nationwide. This equates to an annual average Westminster house appreciation rate of 6.75%.

Appreciation rates are so strong in Westminster that despite a nationwide downturn in the housing market, Westminster real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Westminster appreciation rates continue to be some of the highest in America, at 6.75%, which is higher than appreciation rates in 72.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Westminster. Westminster appreciation rates in the latest quarter were at 1.20%, which equates to an annual appreciation rate of 4.88%.

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

Average Home Values

Median Home Value

$205,862

Westminster, SC Home Prices
> $1,389,000
$1,042,001 - $1,389,000
$694,001 - $1,042,000
$555,001 - $694,000
$417,001 - $555,000
$278,001 - $417,000
$139,001 - $278,000
$69,001 - $139,000
$0 - $69,000
1.1%
1.1%
0.0%
0.0%
6.9%
6.9%
1.8%
1.8%
2.4%
2.4%
13.3%
13.3%
38.1%
38.1%
17.5%
17.5%
19.0%
19.0%
0% 100.0%
% of Homes
Average

for South carolina

Low

for nation

Number of Homes And Apartments:

1,012

Westminster Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,186 / per month

Homeownership Rate

Owners
Renters
66.7%
66.7%
33.3%
33.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.9%
13.9%
86.1%
86.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.0%
9.0%
50.0%
50.0%
31.8%
31.8%
9.2%
9.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.6%
73.6%
0.0%
0.0%
9.9%
9.9%
6.6%
6.6%
9.9%
9.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
6.9%
6.9%
28.1%
28.1%
42.1%
42.1%
8.2%
8.2%
13.6%
13.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Westminster

Zip Codes in Westminster, SC