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 9,990 people, 3,503 houses or apartments, and a median cost of homes of $242,762, 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 77.09% of the town's housing units. Other types of housing that are prevalent in Lugoff include mobile homes or trailers ( 13.69%), large apartment complexes or high rise apartments ( 6.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.23%).
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 88.19% of Lugoff's homes, and 78.38% 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 ( 37.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.27%).
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 6.43% during the period.
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 3.39%, 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 2.63%, which equates to an annual appreciation rate of 10.92%.
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.
$242,762
for South carolina
for nation
3,503
$1,314 / per month