Loris, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Loris, SC Real Estate Data


Loris Housing Market Information

With a population of 2,591, 960 total housing units (homes and apartments), and a median house value of $129,309, 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 69.21% 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 ( 13.10%), large apartment complexes or high rise apartments ( 8.85%), and a few mobile homes or trailers ( 5.90%).

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 56.70% owning and 43.30% 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 ( 23.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.03%). There's also some housing in Loris built before 1939 ( 5.29%).

Vacant housing appears to be an issue in Loris. Fully 16.74% 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 -0.88%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Loris's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Loris's appreciation rate has been 1.35%, which annualizes to a rate of 5.50%.

Relative to South Carolina, our data show that Loris's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$129,309

Loris, SC HOME PRICES

Value Range
> $1,118,000 0.3
$838,001 - $1,118,000 0.0
$559,001 - $838,000 0.3
$447,001 - $559,000 0.7
$335,001 - $447,000 5.3
$223,001 - $335,000 14.9
$112,001 - $223,000 35.3
$56,001 - $112,000 26.5
$0 - $56,000 16.7

High for SC
Low for Nation

Value Relative to Nation Value Relative to State
61.0997247760145 35.6877323420074

Number Of Homes And Apartments:
960

Rent & Ownership

 

Average Market Rent:
$652 / per month

Homeownership Rate

Homeownership
Owners 56.70
Renters 43.30
Vacant 16.74

Housing Market Details

 

Age of Homes

AGE OF Loris HOMES
2000 or Newer 22.0
1970 - 1999 49.6
1940 - 1969 23.1
1939 or Older 5.3

Types of Homes

TYPE OF Loris HOMES
Single-Family 69.2
Townhomes 2.9
Small Apt. Buildings 13.1
Apt. Complexes 8.8
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Loris HOMES
No Bedroom 1.21
1 Bedroom 1.99
2 Bedrooms 27.49
3 Bedrooms 56.11
4 Bedrooms 12.32
5 or more bedrooms 0.87

Loris Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
40.25% 2.01% 7 5
* 10 is highest