Lugoff, SC Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lugoff, SC Housing Market Trends

With 9,990 people, 3,473 houses or apartments, and a median cost of homes of $198,886, 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 ( 13.73%), large apartment complexes or high rise apartments ( 5.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.85%).

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 86.34% of Lugoff's homes, and 81.40% 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 ( 30.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.94%).

Lugoff Home Appreciation Rates

Real estate appreciation rates in Lugoff's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.06% during the period.

NeighborhoodScout's data show that during the latest twelve months, Lugoff's appreciation rate, at 16.14%, has been at or slightly above the national average. In the latest quarter, Lugoff's appreciation rate has been 1.87%, which annualizes to a rate of 7.69%.

Relative to South Carolina, our data show that Lugoff's latest annual appreciation rate is lower than 80% 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:
$198,886

Lugoff, SC HOME PRICES

> $1,330,000
$997,001 - $1,330,000
$665,001 - $997,000
$532,001 - $665,000
$399,001 - $532,000
$266,001 - $399,000
$133,001 - $266,000
$66,001 - $133,000
$0 - $66,000
0.7%
0.7%
0.1%
0.1%
0.0%
0.0%
0.7%
0.7%
2.1%
2.1%
22.9%
22.9%
52.9%
52.9%
13.0%
13.0%
7.5%
7.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for SC

Value Relative To Nation

Number Of Homes And Apartments:
3,473

Lugoff Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
75.30% 2.56%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,045 / per month

Homeownership Rate

Owners
Renters
Vacant
86.3%
86.3%
13.7%
13.7%
9.5%
9.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.0%
31.0%
57.2%
57.2%
10.9%
10.9%
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.7%
77.7%
1.1%
1.1%
1.8%
1.8%
5.6%
5.6%
13.7%
13.7%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.6%
3.6%
1.4%
1.4%
8.9%
8.9%
60.9%
60.9%
20.5%
20.5%
4.7%
4.7%
0.0% 100.0%
% OF HOMES