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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,379 people, 703 houses or apartments, and a median cost of homes of $192,308, house prices in Pelzer are solidly below the national average.
Single-family detached homes are the single most common housing type in Pelzer, accounting for 93.40% of the town's housing units. Other types of housing that are prevalent in Pelzer include mobile homes or trailers ( 6.33%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pelzer. Owner-occupied housing accounts for 73.68% of Pelzer's homes, and 60.29% have either three or four bedrooms, which is average sized relative to America.
The housing in Pelzer was primarily built before 1939 ( 61.74%), making the housing stock in Pelzer some of the oldest overall in America, although there is a range of ages of homes in Pelzer. The next most important housing age is between 1940-1969 ( 26.78%), followed by between 1970-1999 ( 9.37%). There's also some housing in Pelzer built between 2000 and later ( 2.11%).
Appreciation rates for homes in Pelzer have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.66%, which ranks in the top 30% nationwide. This equates to an annual average Pelzer house appreciation rate of 7.58%.
Appreciation rates are so strong in Pelzer that despite a nationwide downturn in the housing market, Pelzer real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pelzer appreciation rates continue to be some of the highest in America, at 7.12%, which is higher than appreciation rates in 75.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pelzer. Pelzer appreciation rates in the latest quarter were at 1.43%, which equates to an annual appreciation rate of 5.83%.
Relative to South Carolina, our data show that Pelzer's latest annual appreciation rate is higher than 50% of the other cities and towns in South Carolina.
$192,308
for South carolina
for nation
703
$1,367 / per month