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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.



Bishopville, 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

Bishopville, SC Housing Market Trends

With 2,911 people, 1,332 houses or apartments, and a median cost of homes of $218,773, house prices in Bishopville are solidly below the national average.

Single-family detached homes are the single most common housing type in Bishopville, accounting for 65.67% of the city's housing units. Other types of housing that are prevalent in Bishopville include duplexes, homes converted to apartments or other small apartment buildings ( 19.21%), large apartment complexes or high rise apartments ( 10.15%), and a few mobile homes or trailers ( 4.02%).

The most prevalent building size and type in Bishopville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.96% owning and 54.04% renting.

There is a lot of housing in Bishopville 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 Bishopville built between 1940-1969 ( 32.87%). A lesser amount of the housing stock also hails from before 1939 ( 5.49%). There's also some housing in Bishopville built between 2000 and later ( 4.59%).

Vacant housing appears to be an issue in Bishopville. Fully 15.00% of the housing stock is classified as vacant. Left unchecked, vacant Bishopville homes and apartments can be a drag on the real estate market, holding Bishopville 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.

Bishopville Home Appreciation Rates

In the last 10 years, Bishopville has experienced some of the highest home appreciation rates of any community in the nation. Bishopville real estate appreciated 126.37% over the last ten years, which is an average annual home appreciation rate of 8.51%, putting Bishopville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bishopville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Bishopville that despite a nationwide downturn in the housing market, Bishopville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bishopville appreciation rates continue to be some of the highest in America, at 6.75%, which is higher than appreciation rates in 72.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bishopville. Bishopville 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 Bishopville's latest annual appreciation rate is lower than 80% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bishopville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bishopville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bishopville real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$218,773

Bishopville, SC Home Prices
> $1,569,000
$1,177,001 - $1,569,000
$785,001 - $1,177,000
$628,001 - $785,000
$471,001 - $628,000
$314,001 - $471,000
$157,001 - $314,000
$78,001 - $157,000
$0 - $78,000
0.0%
0.0%
0.0%
0.0%
1.9%
1.9%
2.2%
2.2%
1.6%
1.6%
13.9%
13.9%
37.0%
37.0%
32.1%
32.1%
11.2%
11.2%
0% 100.0%
% of Homes
Average

for South carolina

Low

for nation

Number of Homes And Apartments:

1,332

Bishopville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,488 / per month

Homeownership Rate

Owners
Renters
46.0%
46.0%
54.0%
54.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.0%
15.0%
85.0%
85.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.6%
4.6%
57.1%
57.1%
32.9%
32.9%
5.5%
5.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.7%
65.7%
1.0%
1.0%
19.2%
19.2%
10.1%
10.1%
4.0%
4.0%
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
3.0%
3.0%
11.5%
11.5%
24.6%
24.6%
53.0%
53.0%
6.0%
6.0%
1.9%
1.9%
0% 100.0%
% of Homes

Zip Codes in Bishopville, SC