Lakewood, SC is a desirable place to live due to its housing market. The median value for homes in Lakewood is $243,100, which is much lower than the US House Median Value of $338,100. This makes it an attractive option for first-time buyers and those looking for a more affordable area to live in. Furthermore, the one year house appreciation in Lakewood is 15.43%, significantly higher than the US 1 year House Appreciation of 8.27%. This suggests that home prices are likely to continue increasing in Lakewood and make it an ideal place to invest in property.
The median home cost in Lakewood is $243,100. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Lakewood is up 23.1%.
Average Age of Homes
- The median age of Lakewood real estate is 31 years old
The Rental Market in Lakewood
- Renters make up 31.7% of the Lakewood population
- 3.2% of houses and apartments in Lakewood, 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.