Timmonsville, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Timmonsville, SC Housing Market Trends

With 2,366 people, 939 houses or apartments, and a median cost of homes of $82,046, house prices in Timmonsville are some of the most affordable in South Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Timmonsville, accounting for 59.66% of the town's housing units. Other types of housing that are prevalent in Timmonsville include mobile homes or trailers ( 24.71%), duplexes, homes converted to apartments or other small apartment buildings ( 13.03%), and a few row houses and other attached homes ( 1.53%).

The most prevalent building size and type in Timmonsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 46.86% owning and 53.14% renting.

There is a lot of housing in Timmonsville 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 Timmonsville built between 1940-1969 ( 33.33%). A lesser amount of the housing stock also hails from before 1939 ( 4.40%). There's also some housing in Timmonsville built between 2000 and later ( 4.31%).

Vacant housing appears to be an issue in Timmonsville. Fully 15.63% of the housing stock is classified as vacant. Left unchecked, vacant Timmonsville homes and apartments can be a drag on the real estate market, holding Timmonsville 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.

Timmonsville Home Appreciation Rates

Timmonsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Timmonsville during the period has been just 2.22%, which is lower than 80% of US communities.

Over the last year, Timmonsville appreciation rates have trailed the rest of the nation. In the last twelve months, Timmonsville's appreciation rate has been 2.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Timmonsville were at 1.11%, which equates to an annual appreciation rate of 4.51%.

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

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

Average Home Values

 

Median Home Value:
$82,046

Timmonsville, SC HOME PRICES

> $1,160,000
0.0%
0.0%
$870,001 - $1,160,000
0.0%
0.0%
$580,001 - $870,000
0.0%
0.0%
$464,001 - $580,000
0.5%
0.5%
$348,001 - $464,000
1.1%
1.1%
$232,001 - $348,000
8.7%
8.7%
$116,001 - $232,000
19.0%
19.0%
$58,001 - $116,000
34.8%
34.8%
$0 - $58,000
35.9%
35.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for SC

Value Relative To Nation

Number Of Homes And Apartments:
939

Timmonsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
35.12% 1.41%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$980 / per month

Homeownership Rate

Owners
46.9%
46.9%
Renters
53.1%
53.1%
Vacant
15.6%
15.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.3%
4.3%
1970 - 1999
58.0%
58.0%
1940 - 1969
33.3%
33.3%
1939 or Older
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.7%
59.7%
Townhomes
1.5%
1.5%
Small Apt. Buildings
13.0%
13.0%
Apt. Complexes
1.1%
1.1%
Mobile Homes
24.7%
24.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
4.0%
4.0%
2 Bedrooms
27.5%
27.5%
3 Bedrooms
48.9%
48.9%
4 Bedrooms
16.7%
16.7%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Timmonsville

Zip Codes in Timmonsville, SC