Landrum, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Landrum, 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

Landrum Housing Market Information

With a population of 2,493, 1,063 total housing units (homes and apartments), and a median house value of $134,162, house prices in Landrum are solidly below the national average.

Single-family detached homes are the single most common housing type in Landrum, accounting for 76.21% of the city's housing units. Other types of housing that are prevalent in Landrum include mobile homes or trailers ( 10.62%), duplexes, homes converted to apartments or other small apartment buildings ( 7.00%), and a few large apartment complexes or high rise apartments ( 6.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Landrum. Owner-occupied housing accounts for 70.65% of Landrum's homes, and 57.94% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Landrum 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 Landrum built between 1940-1969 ( 30.29%). A lesser amount of the housing stock also hails from before 1939 ( 17.45%). There's also some housing in Landrum built between 2000 and later ( 13.91%).

Vacant housing appears to be an issue in Landrum. Fully 12.51% of the housing stock is classified as vacant. Left unchecked, vacant Landrum homes and apartments can be a drag on the real estate market, holding Landrum 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.

Landrum Home Appreciation Rates

Real estate appreciation rates in Landrum's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.42% during the period.

Over the last year, Landrum appreciation rates have trailed the rest of the nation. In the last twelve months, Landrum's appreciation rate has been 2.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Landrum were at -3.08%, which equates to an annual appreciation rate of -11.77%.

Notably, Landrum's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$134,162

Landrum, SC HOME PRICES

Value Range
> $1,034,000 0.5
$776,001 - $1,034,000 0.8
$517,001 - $776,000 4.4
$414,001 - $517,000 0.0
$310,001 - $414,000 3.0
$207,001 - $310,000 13.1
$103,001 - $207,000 45.0
$52,001 - $103,000 23.4
$0 - $52,000 9.7

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
57.5530294152115 33.8289962825279

Number Of Homes And Apartments:
1,063

Landrum 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
21.30% 1.13% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$687 / per month

Homeownership Rate

Homeownership
Owners 70.65
Renters 29.35
Vacant 12.51

Housing Market Details

 

Age of Homes

AGE OF Landrum HOMES
2000 or Newer 13.9
1970 - 1999 38.4
1940 - 1969 30.3
1939 or Older 17.4

Types of Homes

TYPE OF Landrum HOMES
Single-Family 76.2
Townhomes 0.0
Small Apt. Buildings 7.0
Apt. Complexes 6.2
Mobile Homes 10.6
Other 0.0

Home Size

SIZE OF Landrum HOMES
No Bedroom 1.23
1 Bedroom 8.15
2 Bedrooms 30.04
3 Bedrooms 45.76
4 Bedrooms 12.18
5 or more bedrooms 2.63

Popular Neighborhoods in Landrum

Zip Codes in Landrum, SC