Lugoff, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lugoff, 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

Lugoff Housing Market Information

With a population of 7,595, 2,836 total housing units (homes and apartments), and a median house value of $134,523, house prices in Lugoff are solidly below the national average.

Single-family detached homes are the single most common housing type in Lugoff, accounting for 78.66% of the town's housing units. Other types of housing that are prevalent in Lugoff include mobile homes or trailers ( 12.33%), large apartment complexes or high rise apartments ( 5.37%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lugoff. Owner-occupied housing accounts for 80.14% of Lugoff's homes, and 78.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lugoff 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 Lugoff built between 2000 and later ( 25.34%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.29%).

Lugoff Home Appreciation Rates

Appreciation rates for homes in Lugoff have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.94%, which ranks in the top 40% nationwide. This equates to an annual average Lugoff house appreciation rate of 0.48%.

Over the last year, Lugoff appreciation rates have trailed the rest of the nation. In the last twelve months, Lugoff's appreciation rate has been 1.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lugoff were at 0.33%, which equates to an annual appreciation rate of 1.34%.

Relative to South Carolina, our data show that Lugoff's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Lugoff differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lugoff - 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 Lugoff real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$134,523

Lugoff, SC HOME PRICES

Value Range
> $1,069,000 0.4
$801,001 - $1,069,000 0.0
$534,001 - $801,000 0.0
$427,001 - $534,000 2.2
$320,001 - $427,000 2.7
$213,001 - $320,000 21.0
$107,001 - $213,000 48.7
$53,001 - $107,000 16.0
$0 - $53,000 9.0

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
57.383100902379 33.457249070632

Number Of Homes And Apartments:
2,836

Lugoff 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
29.36% 1.50% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$748 / per month

Homeownership Rate

Homeownership
Owners 80.14
Renters 19.86
Vacant 7.74

Housing Market Details

 

Age of Homes

AGE OF Lugoff HOMES
2000 or Newer 25.3
1970 - 1999 62.7
1940 - 1969 11.3
1939 or Older 0.7

Types of Homes

TYPE OF Lugoff HOMES
Single-Family 78.7
Townhomes 0.6
Small Apt. Buildings 3.0
Apt. Complexes 5.4
Mobile Homes 12.3
Other 0.0

Home Size

SIZE OF Lugoff HOMES
No Bedroom 1.27
1 Bedroom 2.54
2 Bedrooms 15.32
3 Bedrooms 58.85
4 Bedrooms 19.58
5 or more bedrooms 2.44