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 a population of 1,379, 703 total housing units (homes and apartments), and a median house value of $202,336, 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%).
In the last 10 years, Pelzer has experienced some of the highest home appreciation rates of any community in the nation. Pelzer real estate appreciated 124.67% over the last ten years, which is an average annual home appreciation rate of 8.43%, putting Pelzer in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pelzer 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 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 8.78%, which is higher than appreciation rates in 78.87% 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 0.74%, which equates to an annual appreciation rate of 2.98%.
Relative to South Carolina, our data show that Pelzer's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.
$202,336
for South carolina
for nation
703
$1,431 / per month