Laurens, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Laurens Neighborhoods Since 2000




Laurens, 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

Laurens Housing Market Information

With 9,166 people, 3,873 houses or apartments, and a median cost of homes of $93,490, the cost of homes in Laurens is among some of the lowest in the nation. Compared to South Carolina, however, Laurens real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Laurens, accounting for 72.68% of the city's housing units. Other types of housing that are prevalent in Laurens include large apartment complexes or high rise apartments ( 15.09%), duplexes, homes converted to apartments or other small apartment buildings ( 7.57%), and a few mobile homes or trailers ( 4.18%).

People in Laurens primarily live in small (one, two or no bedroom) single-family detached homes. Laurens has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Laurens 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 Laurens built between 1940-1969 ( 39.90%). A lesser amount of the housing stock also hails from before 1939 ( 14.42%). There's also some housing in Laurens built between 2000 and later ( 5.18%).

Vacant housing appears to be an issue in Laurens. Fully 16.02% of the housing stock is classified as vacant. Left unchecked, vacant Laurens homes and apartments can be a drag on the real estate market, holding Laurens 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.

Laurens Home Appreciation Rates

Appreciation rates for homes in Laurens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.21%, which ranks in the top 50% nationwide. This equates to an annual average Laurens house appreciation rate of 0.22%.

Over the last year, Laurens appreciation rates have trailed the rest of the nation. In the last twelve months, Laurens's appreciation rate has been 0.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Laurens were at 1.93%, which equates to an annual appreciation rate of 7.93%.

Importantly, this makes Laurens 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 Laurens's latest annual appreciation rate is lower than 70% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Laurens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Laurens - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Laurens real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$93,490

Laurens, SC HOME PRICES

Value Range
> $1,076,000 0.7
$807,001 - $1,076,000 0.1
$538,001 - $807,000 0.0
$430,001 - $538,000 0.4
$323,001 - $430,000 1.6
$215,001 - $323,000 10.2
$107,001 - $215,000 24.1
$54,001 - $107,000 36.0
$0 - $54,000 27.0

Average for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
81.6711590296496 59.1078066914498

Number Of Homes And Apartments:
3,873

Laurens 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
18.04% 0.97% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$963 / per month

Homeownership Rate

Homeownership
Owners 50.82
Renters 49.18
Vacant 16.02

Housing Market Details

 

Age of Homes

AGE OF Laurens HOMES
2000 or Newer 5.2
1970 - 1999 40.5
1940 - 1969 39.9
1939 or Older 14.4

Types of Homes

TYPE OF Laurens HOMES
Single-Family 72.7
Townhomes 0.5
Small Apt. Buildings 7.6
Apt. Complexes 15.1
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Laurens HOMES
No Bedroom 2.43
1 Bedroom 8.35
2 Bedrooms 41.13
3 Bedrooms 34.84
4 Bedrooms 12.51
5 or more bedrooms 0.74