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 1,252, 506 total housing units (homes and apartments), and a median house value of $157,197, house prices in Latta are solidly below the national average.
Single-family detached homes are the single most common housing type in Latta, accounting for 83.82% of the town's housing units. Other types of housing that are prevalent in Latta include mobile homes or trailers ( 8.58%), duplexes, homes converted to apartments or other small apartment buildings ( 4.37%), and a few large apartment complexes or high rise apartments ( 3.24%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Latta. Owner-occupied housing accounts for 65.22% of Latta's homes, and 67.96% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Latta 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 Latta built between 1940-1969 ( 25.89%). A lesser amount of the housing stock also hails from before 1939 ( 23.95%). There's also some housing in Latta built between 2000 and later ( 14.40%).
Vacant housing appears to be an issue in Latta. Fully 18.12% of the housing stock is classified as vacant. Left unchecked, vacant Latta homes and apartments can be a drag on the real estate market, holding Latta 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.
Appreciation rates for homes in Latta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 100.61%, which ranks in the top 40% nationwide. This equates to an annual average Latta house appreciation rate of 7.21%.
NeighborhoodScout's data show that during the latest twelve months, Latta's appreciation rate, at 8.43%, has been at or slightly above the national average. In the latest quarter, Latta's appreciation rate has been -0.68%, which annualizes to a rate of -2.71%.
Notably, Latta's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Latta's latest annual appreciation rate is higher than 90% of the other cities and towns in South Carolina.
$157,197
for South carolina
for nation
506
$1,132 / per month