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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lugoff Housing Market Information

With 7,595 people, 2,918 houses or apartments, and a median cost of homes of $156,587, 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 77.70% of the town's housing units. Other types of housing that are prevalent in Lugoff include mobile homes or trailers ( 14.59%), large apartment complexes or high rise apartments ( 5.69%), and a few row houses and other attached homes ( 1.45%).

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 81.52% of Lugoff's homes, and 78.90% 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 ( 25.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.26%). There's also some housing in Lugoff built before 1939 ( 1.38%).

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 26.39%, which ranks in the top 40% nationwide. This equates to an annual average Lugoff house appreciation rate of 2.37%.

Appreciation rates are so strong in Lugoff that despite a nationwide downturn in the housing market, Lugoff real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lugoff appreciation rates continue to be some of the highest in America, at 5.33%, which is higher than appreciation rates in 75.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lugoff. Lugoff appreciation rates in the latest quarter were at 0.11%, which equates to an annual appreciation rate of 0.44%.

Notably, Lugoff's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Carolina, our data show that Lugoff's latest annual appreciation rate is higher 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:
$156,587

Lugoff, SC HOME PRICES

Value Range
> $1,201,000 0.6
$900,001 - $1,201,000 0.0
$601,001 - $900,000 0.0
$480,001 - $601,000 0.7
$361,001 - $480,000 1.3
$240,001 - $361,000 20.0
$120,001 - $240,000 51.9
$60,001 - $120,000 16.8
$0 - $60,000 8.8

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
55.8189781021898 31.1111111111111

Number Of Homes And Apartments:
2,918

Lugoff Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
52.60% 2.16%
7
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$842 / per month

Homeownership Rate

Homeownership
Owners 81.52
Renters 18.48
Vacant 8.24

Housing Market Details

 

Age of Homes

AGE OF Lugoff HOMES
2000 or Newer 25.4
1970 - 1999 61.9
1940 - 1969 11.3
1939 or Older 1.4

Types of Homes

TYPE OF Lugoff HOMES
Single-Family 77.7
Townhomes 1.4
Small Apt. Buildings 0.6
Apt. Complexes 5.7
Mobile Homes 14.6
Other 0.0

Home Size

SIZE OF Lugoff HOMES
No Bedroom 0.28
1 Bedroom 1.48
2 Bedrooms 15.00
3 Bedrooms 62.23
4 Bedrooms 16.67
5 or more bedrooms 4.34