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 3,246 people, 1,490 houses or apartments, and a median cost of homes of $119,469, house prices in Liberty are solidly below the national average.
Single-family detached homes are the single most common housing type in Liberty, accounting for 83.58% of the city's housing units. Other types of housing that are prevalent in Liberty include duplexes, homes converted to apartments or other small apartment buildings ( 8.79%), mobile homes or trailers ( 4.68%), and a few large apartment complexes or high rise apartments ( 2.95%).
Dwellings in Liberty tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.31% of the homes in Liberty have two or fewer bedrooms.
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. Liberty's housing was primarily built during this period, from the '40s through the '60s. A full 42.60% of the city's housing hails from this era. Other housing ages represented in Liberty include homes built between 1970-1999 ( 31.97%) and housing constructed between 2000 and later ( 13.29%). There's also some housing in Liberty built before 1939 ( 12.14%).
Vacant housing appears to be an issue in Liberty. Fully 13.87% of the housing stock is classified as vacant. Left unchecked, vacant Liberty homes and apartments can be a drag on the real estate market, holding Liberty 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 Liberty have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.61%, which ranks in the top 30% nationwide. This equates to an annual average Liberty house appreciation rate of 1.37%.
Appreciation rates are so strong in Liberty that despite a nationwide downturn in the housing market, Liberty real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Liberty appreciation rates continue to be some of the highest in America, at 7.20%, which is higher than appreciation rates in 82.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Liberty. Liberty appreciation rates in the latest quarter were at 1.93%, which equates to an annual appreciation rate of 7.93%.
Importantly, this makes Liberty 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 Liberty's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.
|$849,001 - $1,132,000||1.0|
|$566,001 - $849,000||0.0|
|$453,001 - $566,000||0.2|
|$340,001 - $453,000||0.4|
|$226,001 - $340,000||8.7|
|$113,001 - $226,000||44.5|
|$57,001 - $113,000||30.2|
|$0 - $57,000||15.0|
|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 Liberty HOMES|
|2000 or Newer||13.3|
|1970 - 1999||32.0|
|1940 - 1969||42.6|
|1939 or Older||12.1|
|TYPE OF Liberty HOMES|
|Small Apt. Buildings||8.8|
|SIZE OF Liberty HOMES|
|5 or more bedrooms||2.31|