Hollywood, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Hollywood Neighborhoods Since 2000




Hollywood, SC Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hollywood Housing Market Information

With a population of 4,962, 2,278 total housing units (homes and apartments), and a median house value of $241,544, 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 67.20% of the town's housing units. Other types of housing that are prevalent in Hollywood include mobile homes or trailers ( 27.17%), row houses and other attached homes ( 4.76%).

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 84.80% of Hollywood's homes, and 78.33% 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 ( 31.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.36%). There's also some housing in Hollywood built before 1939 ( 4.64%).

Vacant housing appears to be an issue in Hollywood. Fully 10.42% 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 -0.32% during the period.

Appreciation rates are so strong in Hollywood that despite a nationwide downturn in the housing market, Hollywood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hollywood appreciation rates continue to be some of the highest in America, at 8.43%, which is higher than appreciation rates in 88.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hollywood. Hollywood appreciation rates in the latest quarter were at 2.72%, which equates to an annual appreciation rate of 11.31%.

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 higher than 80% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$241,544

Hollywood, SC HOME PRICES

Value Range
> $1,170,000 2.3
$878,001 - $1,170,000 3.5
$585,001 - $878,000 7.1
$468,001 - $585,000 6.9
$351,001 - $468,000 8.1
$234,001 - $351,000 17.4
$117,001 - $234,000 26.8
$59,001 - $117,000 18.0
$0 - $59,000 9.9

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
23.8778858549162 9.29368029739777

Number Of Homes And Apartments:
2,278

Hollywood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
51.74% 2.45% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,256 / per month

Homeownership Rate

Homeownership
Owners 84.80
Renters 15.20
Vacant 10.42

Housing Market Details

 

Age of Homes

AGE OF Hollywood HOMES
2000 or Newer 32.0
1970 - 1999 47.0
1940 - 1969 16.4
1939 or Older 4.6

Types of Homes

TYPE OF Hollywood HOMES
Single-Family 67.2
Townhomes 4.8
Small Apt. Buildings 0.9
Apt. Complexes 0.0
Mobile Homes 27.2
Other 0.0

Home Size

SIZE OF Hollywood HOMES
No Bedroom 1.57
1 Bedroom 0.47
2 Bedrooms 12.03
3 Bedrooms 57.69
4 Bedrooms 20.64
5 or more bedrooms 7.59

Popular Neighborhoods in Hollywood

Zip Codes in Hollywood, SC