Woodruff, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodruff, SC Real Estate Data


Woodruff Housing Market Information

With 4,129 people, 1,409 houses or apartments, and a median cost of homes of $90,718, 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 74.21% 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 ( 9.65%), large apartment complexes or high rise apartments ( 6.27%), and a few mobile homes or trailers ( 4.94%).

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.

There is a lot of housing in Woodruff 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 Woodruff built before 1939 ( 30.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.34%). There's also some housing in Woodruff built between 2000 and later ( 6.93%).

Vacant housing appears to be an issue in Woodruff. Fully 21.85% 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 10.66%, which ranks in the top 40% nationwide. This equates to an annual average Woodruff house appreciation rate of 1.02%.

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 1.54%, 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 2.10%, which equates to an annual appreciation rate of 8.69%.

Relative to South Carolina, our data show that Woodruff's latest annual appreciation rate is lower than 90% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$90,718

Woodruff, SC HOME PRICES

Value Range
> $1,113,000 0.0
$835,001 - $1,113,000 0.0
$557,001 - $835,000 0.0
$445,001 - $557,000 1.5
$334,001 - $445,000 2.6
$223,001 - $334,000 0.0
$112,001 - $223,000 22.5
$56,001 - $112,000 54.2
$0 - $56,000 19.1

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
84.9388065819523 64.6840148698885

Number Of Homes And Apartments:
1,409

Rent & Ownership

 

Average Market Rent:
$552 / per month

Homeownership Rate

Homeownership
Owners 43.71
Renters 56.29
Vacant 21.85

Housing Market Details

 

Age of Homes

AGE OF Woodruff HOMES
2000 or Newer 6.9
1970 - 1999 33.4
1940 - 1969 29.3
1939 or Older 30.3

Types of Homes

TYPE OF Woodruff HOMES
Single-Family 74.2
Townhomes 4.9
Small Apt. Buildings 9.7
Apt. Complexes 6.3
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Woodruff HOMES
No Bedroom 0.83
1 Bedroom 11.54
2 Bedrooms 40.10
3 Bedrooms 43.65
4 Bedrooms 3.88
5 or more bedrooms 0.00

Woodruff Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
24.71% 1.31% 3 2
* 10 is highest

Popular Neighborhoods in Woodruff

Zip Codes in Woodruff, SC