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 2,515, 1,156 total housing units (homes and apartments), and a median house value of $42,884, house prices in Allendale 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 Allendale, accounting for 68.62% of the town's housing units. Other types of housing that are prevalent in Allendale include mobile homes or trailers ( 18.21%), duplexes, homes converted to apartments or other small apartment buildings ( 7.03%), and a few large apartment complexes or high rise apartments ( 3.52%).
The most prevalent building size and type in Allendale are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.02% owning and 35.98% renting.
There is a lot of housing in Allendale 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 Allendale built between 1940-1969 ( 32.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.86%). There's also some housing in Allendale built before 1939 ( 6.34%).
Vacant housing appears to be an issue in Allendale. Fully 20.28% of the housing stock is classified as vacant. Left unchecked, vacant Allendale homes and apartments can be a drag on the real estate market, holding Allendale 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Allendale, where house values have increased just 41.08%, which is annualized rate of 3.50%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Allendale that despite a nationwide downturn in the housing market, Allendale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Allendale appreciation rates continue to be some of the highest in America, at 13.30%, which is higher than appreciation rates in 95.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Allendale. Allendale appreciation rates in the latest quarter were at 0.52%, which equates to an annual appreciation rate of 2.08%.
Notably, Allendale's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Allendale's latest annual appreciation rate is higher than 80% of the other cities and towns in South Carolina.
$42,884
for South carolina
for nation
1,156
$1,147 / per month