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 2,540, 1,202 total housing units (homes and apartments), and a median house value of $233,431, 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 81.68% of the city's housing units. Other types of housing that are prevalent in Landrum include mobile homes or trailers ( 7.56%), duplexes, homes converted to apartments or other small apartment buildings ( 5.27%), and a few large apartment complexes or high rise apartments ( 4.66%).
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 70.97% of Landrum's homes, and 57.18% 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 41.30% of the city's housing hails from this era. Other housing ages represented in Landrum include homes built between 1970-1999 ( 34.50%) and housing constructed between 2000 and later ( 16.26%). There's also some housing in Landrum built before 1939 ( 7.94%).
Appreciation rates for homes in Landrum have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.57%, which ranks in the top 30% nationwide. This equates to an annual average Landrum house appreciation rate of 6.72%.
Appreciation rates are so strong in Landrum that despite a nationwide downturn in the housing market, Landrum real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Landrum appreciation rates continue to be some of the highest in America, at 18.92%, which is higher than appreciation rates in 95.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Landrum. Landrum appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.78%.
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 higher than 90% of the other cities and towns in South Carolina.
$233,431
for South carolina
for nation
1,202
$1,039 / per month