Laurel Bay, SC Real Estate
According to census data in the year 2000 there were 1,986 housing units in Laurel Bay.
This represents a 27% growth from 1,564 in 1990.
Of those housing units, 1,897 were located in either urbanized areas or urban clusters, and 89 were located in what is classified as a rural area.
Homeownership rate in Laurel Bay is about 33.4%.
Laurel Bay's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 3.59 people.
The majority of houses, apartments or condos in Laurel Bay were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 5% |
| Two Bedrooms | 12.80% |
| Three Bedrooms | 71.50% |
| Four Bedrooms | 7.20% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.41 |
| Median year structure was built | 1993 |
| Median Value of occupied units | $93,400 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.68 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $481 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 78.90% |
| Debt Free | 8.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
