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
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Laurens HOMES|
|2000 or Newer||5.2|
|1970 - 1999||40.5|
|1940 - 1969||39.9|
|1939 or Older||14.4|
|TYPE OF Laurens HOMES|
|Small Apt. Buildings||7.6|
|SIZE OF Laurens HOMES|
|5 or more bedrooms||0.74|