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 3,589, 1,851 total housing units (homes and apartments), and a median house value of $294,702, Pendleton real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Pendleton, accounting for 70.68% of the town's housing units. Other types of housing that are prevalent in Pendleton include duplexes, homes converted to apartments or other small apartment buildings ( 8.67%), mobile homes or trailers ( 7.31%), and a few large apartment complexes or high rise apartments ( 6.97%).
The most prevalent building size and type in Pendleton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.30% owning and 45.71% renting.
There is a lot of housing in Pendleton 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 Pendleton built between 1940-1969 ( 31.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.07%). There's also some housing in Pendleton built before 1939 ( 5.46%).
Appreciation rates for homes in Pendleton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.37%, which ranks in the top 30% nationwide. This equates to an annual average Pendleton house appreciation rate of 7.57%.
Appreciation rates are so strong in Pendleton that despite a nationwide downturn in the housing market, Pendleton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pendleton appreciation rates continue to be some of the highest in America, at 9.55%, which is higher than appreciation rates in 84.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pendleton. Pendleton 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 Pendleton's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.
$294,702
for South carolina
for nation
1,851
$1,826 / per month