Lake City, SC 29560 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lake City, SC—29560

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$131,000

0.8% YoY Growth

Household Income

$45,400

18.5% YoY Growth

Days on Market

131

1.0% Shorter YoY

Home Price Forecast

1.3%

Median Rent

$1,000

2.8% YoY Growth

1-Bed Rent

$1,000

N/A

2-Bed Rent

$899

5.8% YoY Growth

3-Bed Rent

$781

14.0% YoY Growth

Home Price Trends — Lake City, SC

As of May '26, the median home price in Lake City, SC is $131,000, with a year-over-year change of 0.8%. This indicates that home prices in Lake City, SC are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$131,000	0.8%
Single Family	$131,000	1.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lake City, SC

As of July '25, Rentcast reports the average rent in Lake City, SC is $899, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Lake City, SC is 1-bedrooms: $928, 2-bedrooms: $899, 3-bedrooms: $812. The most common rental property sizes in Lake City, SC are 2-bedroom and 3-bedroom, accounting for 42.9% and 30.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,000	$899
Studio Rent	N/A	N/A
1 Bed Rent	$1,000	$928
2 Bed Rent	$899	$899
3 Bed Rent	$781	$812
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

16.2%

1 Bedroom

4.3%

2 Bedrooms

42.9%

3 Bedrooms

30.2%

4 Bedrooms

2.9%

5+ Bedrooms

3.5%

Property Listings — Lake City, SC

As of May '26, Realtor.com reports that the median days on market for a home in Lake City, SC is 131. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$220,000	3.0%
Listing Count	30	5.0%
Listings as % of Homes	0.4%	5.0%
Days on Market	131	-1.0%

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Demographics — Lake City, SC

As of the latest ACS Survey released in 2023, Lake City, SC has a population of 12,300, which has decreased by -7.6% over the past 5 years. Lake City, SC is a moderately popular place for families, as children make up 17.4% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	12,300	-7.6%
% Under 18	17.4%	-37.0%
% Seniors	19.6%	27.3%
% WFH	6.8%	161.5%
% w/ College Degree	18.7%	-1.1%

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As of the latest ACS Survey released in 2023, Lake City, SC is a predominantly black area, with 55.4% of the population identifying as black. The black population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Lake City, SC is white, making up 38.8% of the population. Foreign-born residents account for 1.3% of the population in Lake City, SC, and this percentage has decreased by 48.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	38.8%	8.4%
% Black	55.4%	-4.8%
% Hispanic	1.4%	-68.2%
% Asian	0.4%	-75.0%
% Foreign Born	1.3%	-48.0%

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Mortgage and Risk — Lake City, SC

According to HUD data as of 2023, there were 62 mortgage originations in Lake City, SC, of which 45.0% of loans were conventional mortgages. The average loan-to-value was 87.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Lake City, SC. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	62
% Conventional Loans	45.0%
% Government Loans	55.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Lake City, SC

Lake City, SC lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	532
Total Units Section 8	519
% Rentals under Section 8	22.9%
% Occupied Section 8	78.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$250	$1,000	$750
2 Bedroom	$31	$899	$930
3 Bedroom	$409	$781	$1,190
4 Bedroom	N/A	N/A	$1,300

Lake City, SC—29560

Key Metrics at a Glance

Home Price Trends — Lake City, SC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake City, SC

% of Rental Stock

Property Listings — Lake City, SC

Demographics — Lake City, SC

Race and Ethnicity

Mortgage and Risk — Lake City, SC

Mortgages

Rentals and Section 8 — Lake City, SC

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake City, SC

Home Price to Income Ratio

Lake City, SC — ZIP Code Boundary Map

Nearby ZIP Codes

Scranton, SC

Coward, SC

Olanta, SC

Pamplico, SC

Effingham, SC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$131,000
Median Household Income	$45,400

Lake City, SC—29560

Key Metrics at a Glance

Home Price Trends — Lake City, SC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake City, SC

% of Rental Stock

Property Listings — Lake City, SC

Demographics — Lake City, SC

Race and Ethnicity

Mortgage and Risk — Lake City, SC

Mortgages

Rentals and Section 8 — Lake City, SC

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake City, SC

Home Price to Income Ratio

Lake City, SC — ZIP Code Boundary Map

Nearby ZIP Codes

Scranton, SC

Coward, SC

Olanta, SC

Pamplico, SC

Effingham, SC

Frequently Asked Questions

What is the average home price in Lake City, SC 29560?

How have home prices in Lake City, SC 29560 changed over the past year?

What is the home price projection for Lake City, SC 29560?

What are the demographics of Lake City, SC 29560?

How long does it take homes to sell in Lake City, SC 29560?

What is the average rent price in Lake City, SC 29560?