The housing market in Lake Murray of Richland, SC is booming. The median value for a house in the area is $440,900, which is considerably higher than the national median value of $338,100. The 1 year house appreciation rate in Lake Murray of Richland, SC is even more impressive at 18.45%, compared to the national rate of 8.27%. This means that houses in this area are increasing significantly in value each year and makes investing in this real estate market highly desirable.
The median home cost in Lake Murray of Richland is $440,900. Home appreciation the last 10 years has been 81.0%. Home Appreciation in Lake Murray of Richland is up 22.5%.
Average Age of Homes
- The median age of Lake Murray of Richland real estate is 16 years old
The Rental Market in Lake Murray of Richland
- Renters make up 10.6% of the Lake Murray of Richland population
- 0.0% of houses and apartments in Lake Murray of Richland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.