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 4,199, 1,706 total housing units (homes and apartments), and a median house value of $289,424, Walhalla 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 Walhalla, accounting for 54.95% of the city's housing units. Other types of housing that are prevalent in Walhalla include mobile homes or trailers ( 17.41%), large apartment complexes or high rise apartments ( 11.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.00%).
The most prevalent building size and type in Walhalla are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.86% owning and 45.14% renting.
There is a lot of housing in Walhalla 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 Walhalla built between 1940-1969 ( 29.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.13%). There's also some housing in Walhalla built before 1939 ( 5.58%).
Vacant housing appears to be an issue in Walhalla. Fully 11.05% of the housing stock is classified as vacant. Left unchecked, vacant Walhalla homes and apartments can be a drag on the real estate market, holding Walhalla 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.
In the last 10 years, Walhalla has experienced some of the highest home appreciation rates of any community in the nation. Walhalla real estate appreciated 140.83% over the last ten years, which is an average annual home appreciation rate of 9.19%, putting Walhalla in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Walhalla definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Walhalla's appreciation rate, at 8.43%, has been at or slightly above the national average. In the latest quarter, Walhalla's appreciation rate has been -0.69%, which annualizes to a rate of -2.71%.
Notably, Walhalla's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Walhalla's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.
$289,424
for South carolina
for nation
1,706
$1,001 / per month