Loris, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Loris Neighborhoods Since 2000




Loris, 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

Loris Housing Market Information

With 2,591 people, 931 houses or apartments, and a median cost of homes of $127,064, house prices in Loris are solidly below the national average.

Single-family detached homes are the single most common housing type in Loris, accounting for 74.43% of the city's housing units. Other types of housing that are prevalent in Loris include duplexes, homes converted to apartments or other small apartment buildings ( 9.26%), large apartment complexes or high rise apartments ( 9.17%), and a few mobile homes or trailers ( 5.11%).

The most prevalent building size and type in Loris are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.67% owning and 41.33% renting.

There is a lot of housing in Loris 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 Loris built between 1940-1969 ( 25.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.84%). There's also some housing in Loris built before 1939 ( 4.94%).

Vacant housing appears to be an issue in Loris. Fully 17.90% of the housing stock is classified as vacant. Left unchecked, vacant Loris homes and apartments can be a drag on the real estate market, holding Loris 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.

Loris Home Appreciation Rates

Loris's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Loris during the period has been just -1.59%, which is lower than 80% of US communities.

Over the last year, Loris appreciation rates have trailed the rest of the nation. In the last twelve months, Loris's appreciation rate has been 2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Loris were at 1.32%, which equates to an annual appreciation rate of 5.39%.

Relative to South Carolina, our data show that Loris's latest annual appreciation rate is higher than 50% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$127,064

Loris, SC HOME PRICES

Value Range
> $1,114,000 0.3
$835,001 - $1,114,000 0.0
$557,001 - $835,000 2.1
$445,001 - $557,000 0.8
$335,001 - $445,000 6.8
$223,001 - $335,000 15.7
$111,001 - $223,000 27.8
$56,001 - $111,000 29.8
$0 - $56,000 16.6

High for SC
Low for Nation

Value Relative to Nation Value Relative to State
61.3617719442166 37.1747211895911

Number Of Homes And Apartments:
931

Loris 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
38.43% 1.90% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$902 / per month

Homeownership Rate

Homeownership
Owners 58.67
Renters 41.33
Vacant 17.90

Housing Market Details

 

Age of Homes

AGE OF Loris HOMES
2000 or Newer 22.8
1970 - 1999 46.5
1940 - 1969 25.7
1939 or Older 4.9

Types of Homes

TYPE OF Loris HOMES
Single-Family 74.4
Townhomes 2.0
Small Apt. Buildings 9.3
Apt. Complexes 9.2
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Loris HOMES
No Bedroom 1.15
1 Bedroom 3.70
2 Bedrooms 23.19
3 Bedrooms 58.99
4 Bedrooms 12.26
5 or more bedrooms 0.71