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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 11,711 people, 4,953 houses or apartments, and a median cost of homes of $351,859, Little River real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Little River, accounting for 42.93% of the town's housing units. Other types of housing that are prevalent in Little River include large apartment complexes or high rise apartments ( 39.49%), row houses and other attached homes ( 7.53%), and a few mobile homes or trailers ( 7.15%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Little River. Owner-occupied housing accounts for 74.90% of Little River's homes, and 51.73% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Little River 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 Little River built between 2000 and later ( 31.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.61%).
Vacant housing appears to be an issue in Little River. Fully 32.29% of the housing stock is classified as vacant. Left unchecked, vacant Little River homes and apartments can be a drag on the real estate market, holding Little River 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.
Appreciation rates for homes in Little River have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.63%, which ranks in the top 30% nationwide. This equates to an annual average Little River house appreciation rate of 7.73%.
NeighborhoodScout's data show that during the latest twelve months, Little River's appreciation rate, at 6.19%, has been at or slightly above the national average. In the latest quarter, Little River's appreciation rate has been 0.62%, which annualizes to a rate of 2.49%.
Notably, Little River's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Little River's latest annual appreciation rate is lower than 70% of the other cities and towns in South Carolina.
$351,859
for South carolina
for nation
4,953
$2,031 / per month