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 5,479 people, 2,026 houses or apartments, and a median cost of homes of $518,750, Hollywood real estate is some of the most expensive in South Carolina, although Hollywood home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Hollywood, accounting for 78.89% of the town's housing units. Other types of housing that are prevalent in Hollywood include mobile homes or trailers ( 17.41%), row houses and other attached homes ( 3.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hollywood. Owner-occupied housing accounts for 88.58% of Hollywood's homes, and 74.79% have either three or four bedrooms, which is average sized relative to America.
Hollywood homes and real estate are some of the newest in America. 51.57% of Hollywood's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hollywood real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.76%), and between 1940-1969 ( 8.01%). There's also some housing in Hollywood built before 1939 ( 1.67%).
Vacant housing appears to be an issue in Hollywood. Fully 17.61% of the housing stock is classified as vacant. Left unchecked, vacant Hollywood homes and apartments can be a drag on the real estate market, holding Hollywood 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.
In the last 10 years, Hollywood has experienced some of the highest home appreciation rates of any community in the nation. Hollywood real estate appreciated 125.16% over the last ten years, which is an average annual home appreciation rate of 8.46%, putting Hollywood in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hollywood definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Hollywood's appreciation rate, at 10.93%, has been at or slightly above the national average. In the latest quarter, Hollywood's appreciation rate has been 5.52%, which annualizes to a rate of 23.99%.
Importantly, this makes Hollywood one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to South Carolina, our data show that Hollywood's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.
$518,750
for South carolina
for nation
2,026
$1,453 / per month