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 a population of 6,510, 2,146 total housing units (homes and apartments), and a median house value of $354,781, Lyman real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Lyman, accounting for 96.24% of the town's housing units. Other types of housing that are prevalent in Lyman include large apartment complexes or high rise apartments ( 1.90%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lyman. Owner-occupied housing accounts for 90.46% of Lyman's homes, and 68.78% have either three or four bedrooms, which is average sized relative to America.
Lyman homes and real estate are some of the newest in America. 57.69% of Lyman'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 Lyman real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 18.69%), and before 1939 ( 14.52%). There's also some housing in Lyman built between 1940-1969 ( 9.10%).
In the last 10 years, Lyman has experienced some of the highest home appreciation rates of any community in the nation. Lyman real estate appreciated 143.14% over the last ten years, which is an average annual home appreciation rate of 9.29%, putting Lyman in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lyman 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 Lyman that despite a nationwide downturn in the housing market, Lyman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lyman appreciation rates continue to be some of the highest in America, at 17.93%, which is higher than appreciation rates in 92.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lyman. Lyman appreciation rates in the latest quarter were at 7.23%, which equates to an annual appreciation rate of 32.23%.
Importantly, this makes Lyman 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 Lyman's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.
$354,781
for South carolina
for nation
2,146
$2,091 / per month