Wellford, 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

Wellford, SC Housing Market Trends

With a population of 2,718, 944 total housing units (homes and apartments), and a median house value of $117,614, house prices in Wellford are solidly below the national average.

Single-family detached homes are the single most common housing type in Wellford, accounting for 70.98% of the city's housing units. Other types of housing that are prevalent in Wellford include mobile homes or trailers ( 16.67%), large apartment complexes or high rise apartments ( 7.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.51%).

The most prevalent building size and type in Wellford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.18% owning and 39.82% renting.

There is a lot of housing in Wellford 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 Wellford built between 1940-1969 ( 38.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.56%). There's also some housing in Wellford built before 1939 ( 8.03%).

Wellford Home Appreciation Rates

Appreciation rates for homes in Wellford have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.34%, which ranks in the top 50% nationwide. This equates to an annual average Wellford house appreciation rate of 3.88%.

Over the last year, Wellford appreciation rates have trailed the rest of the nation. In the last twelve months, Wellford's appreciation rate has been 7.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wellford were at 2.61%, which equates to an annual appreciation rate of 10.85%.

Relative to South Carolina, our data show that Wellford's latest annual appreciation rate is lower than 80% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$117,614

Wellford, SC HOME PRICES

> $1,223,000
0.4%
0.4%
$917,001 - $1,223,000
0.0%
0.0%
$611,001 - $917,000
0.2%
0.2%
$489,001 - $611,000
1.8%
1.8%
$367,001 - $489,000
0.8%
0.8%
$245,001 - $367,000
6.9%
6.9%
$122,001 - $245,000
39.6%
39.6%
$61,001 - $122,000
34.8%
34.8%
$0 - $61,000
15.5%
15.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for SC

Value Relative To Nation

Number Of Homes And Apartments:
944

Wellford 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
48.61% 1.86%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,033 / per month

Homeownership Rate

Owners
60.2%
60.2%
Renters
39.8%
39.8%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.6%
14.6%
1970 - 1999
39.0%
39.0%
1940 - 1969
38.5%
38.5%
1939 or Older
8.0%
8.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.0%
71.0%
Townhomes
0.9%
0.9%
Small Apt. Buildings
3.5%
3.5%
Apt. Complexes
7.3%
7.3%
Mobile Homes
16.7%
16.7%
Other
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
2.8%
2.8%
2 Bedrooms
39.5%
39.5%
3 Bedrooms
46.2%
46.2%
4 Bedrooms
10.4%
10.4%
5 or more bedrooms
1.1%
1.1%
0.0% 100.0%
% OF HOMES