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 2,697, 1,272 total housing units (homes and apartments), and a median house value of $311,370, Landrum 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 Landrum, accounting for 77.50% of the city's housing units. Other types of housing that are prevalent in Landrum include mobile homes or trailers ( 8.31%), duplexes, homes converted to apartments or other small apartment buildings ( 5.96%), and a few large apartment complexes or high rise apartments ( 5.44%).
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 73.67% of Landrum's homes, and 56.32% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Landrum's housing was primarily built during this period, from the '40s through the '60s. A full 38.09% of the city's housing hails from this era. Other housing ages represented in Landrum include homes built between 1970-1999 ( 33.31%) and housing constructed between 2000 and later ( 20.44%). There's also some housing in Landrum built before 1939 ( 8.16%).
In the last 10 years, Landrum has experienced some of the highest home appreciation rates of any community in the nation. Landrum real estate appreciated 131.28% over the last ten years, which is an average annual home appreciation rate of 8.75%, putting Landrum in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Landrum definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 5.59%, 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 2.78%, which equates to an annual appreciation rate of 11.59%.
Importantly, this makes Landrum one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to South Carolina, our data show that Landrum's latest annual appreciation rate is lower than 70% of the other cities and towns in South Carolina.
$311,370
for South carolina
for nation
1,272
$1,019 / per month