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 625, 361 total housing units (homes and apartments), and a median house value of $77,845, house prices in Pelion 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 Pelion, accounting for 90.84% of the town's housing units. Other types of housing that are prevalent in Pelion include mobile homes or trailers ( 6.36%), duplexes, homes converted to apartments or other small apartment buildings ( 2.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pelion. Owner-occupied housing accounts for 77.64% of Pelion's homes, and 55.98% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Pelion 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 Pelion built before 1939 ( 26.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.52%). There's also some housing in Pelion built between 1940-1969 ( 12.21%).
Pelion's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pelion during the period has been just 5.41%, which is lower than 70% of US communities.
Over the last year, Pelion appreciation rates have trailed the rest of the nation. In the last twelve months, Pelion's appreciation rate has been 0.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pelion were at 2.63%, which equates to an annual appreciation rate of 10.92%.
Relative to South Carolina, our data show that Pelion's latest annual appreciation rate is lower than 90% of the other cities and towns in South Carolina.
$77,845
for South carolina
for nation
361
$1,717 / per month