Woodruff, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Woodruff Neighborhoods Since 2000




Woodruff, 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

Woodruff Housing Market Information

With 4,129 people, 1,337 houses or apartments, and a median cost of homes of $90,583, house prices in Woodruff are solidly below the national average.

Single-family detached homes are the single most common housing type in Woodruff, accounting for 77.71% of the city's housing units. Other types of housing that are prevalent in Woodruff include duplexes, homes converted to apartments or other small apartment buildings ( 6.86%), mobile homes or trailers ( 6.81%), and a few large apartment complexes or high rise apartments ( 4.71%).

People in Woodruff primarily live in small (one, two or no bedroom) single-family detached homes. Woodruff has a mixture of owner-occupied and renter-occupied housing.

The housing in Woodruff was primarily built before 1939 ( 32.84%), making the housing stock in Woodruff some of the oldest overall in America, although there is a range of ages of homes in Woodruff. The next most important housing age is between 1970-1999 ( 31.88%), followed by between 1940-1969 ( 24.56%). There's also some housing in Woodruff built between 2000 and later ( 10.72%).

Vacant housing appears to be an issue in Woodruff. Fully 24.16% of the housing stock is classified as vacant. Left unchecked, vacant Woodruff homes and apartments can be a drag on the real estate market, holding Woodruff 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.

Woodruff Home Appreciation Rates

Appreciation rates for homes in Woodruff have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.32%, which ranks in the top 40% nationwide. This equates to an annual average Woodruff house appreciation rate of 0.61%.

Over the last year, Woodruff appreciation rates have trailed the rest of the nation. In the last twelve months, Woodruff's appreciation rate has been 2.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodruff were at -3.08%, which equates to an annual appreciation rate of -11.77%.

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

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

Average Home Values

 

Median Home Value:
$90,583

Woodruff, SC HOME PRICES

Value Range
> $1,092,000 0.0
$820,001 - $1,092,000 0.0
$546,001 - $820,000 0.0
$437,001 - $546,000 1.7
$328,001 - $437,000 2.0
$218,001 - $328,000 0.0
$109,001 - $218,000 26.0
$55,001 - $109,000 55.7
$0 - $55,000 14.5

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
83.5931091058245 60.9665427509294

Number Of Homes And Apartments:
1,337

Woodruff 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
25.84% 1.34% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$797 / per month

Homeownership Rate

Homeownership
Owners 46.27
Renters 53.73
Vacant 24.16

Housing Market Details

 

Age of Homes

AGE OF Woodruff HOMES
2000 or Newer 10.7
1970 - 1999 31.9
1940 - 1969 24.6
1939 or Older 32.8

Types of Homes

TYPE OF Woodruff HOMES
Single-Family 77.7
Townhomes 3.9
Small Apt. Buildings 6.9
Apt. Complexes 4.7
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Woodruff HOMES
No Bedroom 0.79
1 Bedroom 6.58
2 Bedrooms 44.30
3 Bedrooms 41.01
4 Bedrooms 7.32
5 or more bedrooms 0.00

Popular Neighborhoods in Woodruff

Zip Codes in Woodruff, SC