Laurens County, South Carolina Housing Market Prices
Laurens County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 66% below the South Carolina median Cheaper than 82% of counties in South Carolina$82,578
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Median rent 25% below the South Carolina median$879
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Laurens County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,578 | $239,609 | $248,835 |
| Price Trend (Annual %) | 9.3% | 8.9% | 7.5% |
| Median Gross Rent | $879 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Laurens County is about 66% lower than in South Carolina. Rent is about 25% lower than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Laurens County, up about 9.3% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Laurens County rose about 34.4% between 2015 and 2024, from $654 to $879. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Laurens County.
Buying the median-priced home in Laurens County costs roughly 7.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Laurens County. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Laurens County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $82,578 | $239,609 | $248,835 |
| Median Household Income | $57,581 | $69,383 | $80,455 |
| Price-to-Income Ratio | 1.4 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Laurens County rose about 2.0%, while median household income rose about 38.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Laurens County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 62.3% | 58.5% |
| Rental Rate | 24.0% | 24.4% | 31.2% |
| Vacancy Rate | 15.8% | 13.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Laurens County has a homeownership rate of 60.2%, lower than the South Carolina average of 62.3%. Its housing vacancy rate is 15.8%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Laurens County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1987 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Laurens County was built around 1987. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Laurens County, SC Housing Compared With Nearby Counties
Laurens County, SC is the 3rd largest of the 6 counties compared here, 68,664 residents against a local median of 38,435. Where Laurens County, SC breaks from the counties next to it is median home price, sitting 53% below the local median of $175,928 at $82,578.
The counties themselves spread $141,887 on median home price, so Laurens County, SC sits at one end of an already wide local range rather than apart from it. Laurens County, SC has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Laurens County, SC | 68,664 | $82,578 #5/6 | $879 #3/6 | 71.5% #4/6 |
| Greenwood County, SC | 69,502 | $82,557 | $897 | 67.0% |
| Union County, SC | 26,885 | $189,062 | $804 | 71.3% |
| Spartanburg County, SC | 347,752 | $158,720 | $1,084 | 73.0% |
| Newberry County, SC | 38,435 | $224,444 | $871 | 73.1% |
| Abbeville County, SC | 24,414 | $175,928 | $798 | 78.1% |
Frequently Asked Questions
Common questions about the housing market in Laurens County, South Carolina.
What is the median home price in Laurens County, South Carolina?
The median home price in Laurens County, South Carolina is $82,578, lower than the South Carolina average of $239,609.
What is the average home price in Laurens County, South Carolina?
The typical home price in Laurens County, South Carolina, reported as the median sale price, is $82,578. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Laurens County, South Carolina?
The median gross rent in Laurens County, South Carolina is $879 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in Laurens County in 2020?
In 2020, the median gross rent in Laurens County, South Carolina was $779 per month.
What is the price-to-rent ratio in Laurens County, South Carolina?
The price-to-rent ratio in Laurens County, South Carolina is about 7.8, meaning it would take roughly 7.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Laurens County.
Are home prices or rent rising faster in Laurens County, South Carolina?
Both home prices and rent are rising in Laurens County, up about 9.3% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Laurens County, South Carolina?
60.2% of households in Laurens County, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Laurens County, South Carolina?
The housing vacancy rate in Laurens County, South Carolina is 15.8%, higher than the South Carolina average of 13.3%.
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