Anderson Metro Home Prices & Values

$101,600 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8% 1-year change
  • 4.2% 1-year forecast

Market Temperature: ColdWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Anderson Metro is $101,600. Anderson Metro home values have gone up 1.8% over the past year and Zillow predicts they will rise 4.2% within the next year. The median list price per square foot in Anderson Metro is $95, which is lower than the South Carolina average of $100. The median price of homes currently listed in Anderson Metro is $159,777 while the median price of homes that sold is $132,725. The median rent price in Anderson Metro is $792, which is lower than the South Carolina median of $1,100.

Foreclosures will be a factor impacting home values in the next several years. In Anderson Metro 5.1 homes are foreclosed (per 10,000). This is greater than the South Carolina value of 4.3 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Anderson Metro is 6.0%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Anderson Metro homeowners underwater on their mortgage is 15.3%, which is lower than South Carolina at 18.1%.

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Relative ZHVI
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Anderson Metro Market Overview

Data through Jun 30, 2014
  • $101,600 ZHVI
  • 4.2% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $159,777 Median listing price
  • $132,725 Median sale price
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Anderson Metro Market Health

Data through Jun 30, 2014
  • 4.2/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 142 Average of days on Zillow (May 31, 2014)
  • 15.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 6.0% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

5.1 homes Anderson Metro
4.3 homes South Carolina
4.3 homes United States
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Cities in Anderson Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Townville $136,700 Pendleton $115,800 Anderson $104,700
Williamston $92,200 Honea Path $78,700 Belton $77,800
Starr $65,600    

Listings & Sales

Data through Jun 30, 2014
  • $95 Median list price / sq ft
  • $87 Median sale price / sq ft
  • 30.0% Listings with price cut
25.6%
Sold below listing
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Anderson Metro Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$923 Anderson Metro
$1,113 South Carolina
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $792 Rent list price
  • $0.65 Rent list price / sq ft
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