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 2,637 people, 1,080 houses or apartments, and a median cost of homes of $318,669, Loris real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Loris, accounting for 63.61% 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 ( 19.33%), large apartment complexes or high rise apartments ( 10.76%), and a few mobile homes or trailers ( 3.28%).
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 46.19% owning and 53.81% 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 2000 and later ( 32.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.31%). There's also some housing in Loris built before 1939 ( 6.05%).
In the last 10 years, Loris has experienced some of the highest home appreciation rates of any community in the nation. Loris real estate appreciated 129.56% over the last ten years, which is an average annual home appreciation rate of 8.67%, putting Loris in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Loris definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Loris that despite a nationwide downturn in the housing market, Loris real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Loris appreciation rates continue to be some of the highest in America, at 9.20%, which is higher than appreciation rates in 82.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Loris. Loris appreciation rates in the latest quarter were at 0.62%, which equates to an annual appreciation rate of 2.49%.
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.
$318,669
for South carolina
for nation
1,080
$1,257 / per month