Hollywood, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hollywood, SC Real Estate Data


Hollywood Housing Market Information

With a population of 4,962, 2,157 total housing units (homes and apartments), and a median house value of $222,537, Hollywood real estate is some of the most expensive in South Carolina, although Hollywood home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Hollywood, accounting for 62.11% of the town's housing units. Other types of housing that are prevalent in Hollywood include mobile homes or trailers ( 31.95%), row houses and other attached homes ( 5.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hollywood. Owner-occupied housing accounts for 86.93% of Hollywood's homes, and 81.85% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hollywood 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 Hollywood built between 2000 and later ( 35.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.08%). There's also some housing in Hollywood built before 1939 ( 5.13%).

Vacant housing appears to be an issue in Hollywood. Fully 12.21% of the housing stock is classified as vacant. Left unchecked, vacant Hollywood homes and apartments can be a drag on the real estate market, holding Hollywood 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.

Hollywood Home Appreciation Rates

Real estate appreciation rates in Hollywood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, Hollywood's appreciation rate, at 5.69%, has been at or slightly above the national average. In the latest quarter, Hollywood's appreciation rate has been 5.62%, which annualizes to a rate of 24.43%.

Importantly, this makes Hollywood one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to South Carolina, our data show that Hollywood's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$222,537

Hollywood, SC HOME PRICES

Value Range
> $1,141,000 2.4
$855,001 - $1,141,000 2.6
$571,001 - $855,000 7.5
$457,001 - $571,000 7.8
$342,001 - $457,000 8.2
$228,001 - $342,000 16.5
$114,001 - $228,000 26.2
$57,001 - $114,000 17.2
$0 - $57,000 11.6

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
28.0787023481876 11.1524163568773

Number Of Homes And Apartments:
2,157

Rent & Ownership

 

Average Market Rent:
$1,280 / per month

Homeownership Rate

Homeownership
Owners 86.93
Renters 13.07
Vacant 12.21

Housing Market Details

 

Age of Homes

AGE OF Hollywood HOMES
2000 or Newer 35.2
1970 - 1999 45.6
1940 - 1969 14.1
1939 or Older 5.1

Types of Homes

TYPE OF Hollywood HOMES
Single-Family 62.1
Townhomes 5.0
Small Apt. Buildings 0.9
Apt. Complexes 0.0
Mobile Homes 31.9
Other 0.0

Home Size

SIZE OF Hollywood HOMES
No Bedroom 1.71
1 Bedroom 0.53
2 Bedrooms 8.47
3 Bedrooms 61.21
4 Bedrooms 20.63
5 or more bedrooms 7.45

Hollywood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
49.64% 2.40% 9 6
* 10 is highest

Popular Neighborhoods in Hollywood

Zip Codes in Hollywood, SC