Ultimate Guide to Flipping Homes in Hodges SC for 2024
Overview
Hodges Real Estate Investing Market Overview
Over the last decade, the population growth rate in Hodges has an annual average of . In contrast, the annual rate for the whole state averaged and the nation’s average was .
Hodges has witnessed an overall population growth rate during that cycle of , while the state’s overall growth rate was , and the national growth rate over 10 years was .
Presently, the median home value in Hodges is . The median home value for the whole state is , and the nation’s median value is .
Housing values in Hodges have changed throughout the past ten years at an annual rate of . The average home value growth rate during that span throughout the entire state was per year. Nationally, the average yearly home value growth rate was .
The gross median rent in Hodges is , with a state median of , and a United States median of .
Hodges Real Estate Investing Highlights
Hodges Top Highlights
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Factors
How to flip houses in Hodges SC
The fix and flip strategy requires purchasing a property that needs improvements or renovation, creating added value by upgrading the building, and then selling it for a better market value. Your estimate of renovation spendings has to be correct, and you have to be able to buy the unit below market price.
Look into the prices so that you understand the actual After Repair Value (ARV). Choose a city that has a low average Days On Market (DOM) indicator. As a “house flipper”, you’ll have to liquidate the renovated property right away so you can eliminate upkeep spendings that will reduce your profits.
Help determined real property owners in locating your company by featuring your services in our catalogue of Hodges cash real estate buyers and top Hodges property investment companies.
Also, search for bird dogs for real estate investors in Hodges SC. Experts in our catalogue concentrate on procuring desirable investment opportunities while they’re still unlisted.
Factors to consider
Median Home Price
When you search for a promising location for home flipping, review the median housing price in the city. Modest median home prices are a sign that there must be a steady supply of homes that can be acquired below market value. This is a principal component of a fix and flip market.
When market information shows a sharp drop in property market values, this can highlight the accessibility of possible short sale homes. Investors who partner with short sale facilitators in Hodges SC receive continual notices regarding possible investment properties. Discover how this works by reading our article — How to Buy a Short Sale Home Fast.
Property Appreciation Rate
The shifts in property market worth in a city are very important. Stable increase in median values demonstrates a robust investment environment. Accelerated price surges may suggest a value bubble that isn’t reliable. Purchasing at an inconvenient time in an unreliable environment can be disastrous.
Average Renovation Costs
A careful review of the city’s construction expenses will make a substantial influence on your market selection. The way that the municipality processes your application will affect your project too. To draft a detailed budget, you will want to understand if your plans will be required to involve an architect or engineer.
Population Growth
Population increase figures allow you to take a peek at housing demand in the area. Flat or declining population growth is an indication of a poor environment with not an adequate supply of purchasers to justify your effort.
Median Population Age
The median residents’ age can also show you if there are potential homebuyers in the area. It shouldn’t be lower or more than that of the usual worker. A high number of such people shows a significant source of home purchasers. Individuals who are preparing to exit the workforce or have already retired have very specific residency needs.
Unemployment Rate
You aim to see a low unemployment level in your potential region. It must certainly be less than the national average. If the area’s unemployment rate is lower than the state average, that’s an indicator of a strong financial market. If they want to acquire your rehabbed property, your potential clients need to have a job, and their customers as well.
Income Rates
The residents’ wage stats inform you if the location’s economy is scalable. The majority of individuals who purchase a home have to have a home mortgage loan. The borrower’s wage will show how much they can borrow and whether they can buy a property. The median income indicators will show you if the community is beneficial for your investment plan. You also prefer to have wages that are going up consistently. If you need to increase the asking price of your homes, you want to be sure that your home purchasers’ salaries are also increasing.
Number of New Jobs Created
The number of jobs created on a regular basis shows if wage and population increase are viable. A growing job market indicates that more people are comfortable with purchasing a home there. With more jobs created, more prospective buyers also come to the area from other towns.
Hard Money Loan Rates
Fix-and-flip property investors normally employ hard money loans instead of typical loans. This strategy lets investors complete profitable deals without delay. Review top-rated Hodges hard money lenders and look at financiers’ charges.
If you are inexperienced with this financing vehicle, understand more by studying our informative blog post — How Does a Hard Money Loan Work in Real Estate?.
Housing
Hodges Housing 2024
The median home value in Hodges is , compared to the total state median of and the United States median market worth that is .
The annual residential property value appreciation tempo has averaged over the last ten years. Throughout the state, the average yearly market worth growth percentage during that period has been . The ten year average of yearly home value growth throughout the US is .
As for the rental housing market, Hodges has a median gross rent of . Median gross rent across the state is , with a US gross median of .
Hodges has a home ownership rate of . The total state homeownership rate is at present of the population, while across the country, the percentage of homeownership is .
The rate of properties that are resided in by renters in Hodges is . The statewide inventory of rental properties is rented at a percentage of . The US occupancy rate for rental residential units is .
The total occupancy rate for houses and apartments in Hodges is , while the unoccupied percentage for these units is .
Real Estate Trends
Hodges Home Appreciation Rates
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Hodges Home Value
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Hodges Median Home Value
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Hodges Median Gross Rent
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Hodges Price To Rent Ratio Over Time
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Hodges Home Ownership
Hodges Rent & Ownership
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Hodges Rent Vs Owner Occupied By Household Type
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Hodges Occupied & Vacant Number Of Homes And Apartments
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Hodges Household Type
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Hodges Property Types
Hodges Age Of Homes
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Hodges Types Of Homes
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Hodges Homes Size
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Marketplace
Hodges Investment Property Marketplace
If you are looking to invest in Hodges real estate, our Investment Property Marketplace can become your indispensable tool in your investing business. To help you easily find the best off-market deals in the Hodges area, we created a nationwide investor-friendly online platform. Use it to shop for lucrative off-market properties for sale according to your specific buying criteria.
Unlike other real estate listing websites, our marketplace’s interface is particularly designed for investors. Besides the purchase price, you can see other, essential to investors, key indicators such as: rehab costs and ARV, potential profit, FSBO, or realtor-assisted deal, and others. To get started, visit our marketplace and search for Hodges investment properties for sale.
Hodges Investment Properties for Sale
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Financing
Hodges Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Hodges SC, easily get quotes from multiple lenders at once and compare rates.
Fill out our quick online real estate financing application form to receive multiple quotes for your preferred type of loan from our preferred Hodges private and hard money lenders.
Hodges Investment Property Loan Types
- Rehab Loans
- Fix and Flip Loans
- Bridge Loans
- Asset Based Loans
- Cash Out/Refinance Loans
- Transactional Funding
- Transactional Hard Money Loans
- Private Money Loans
- New Construction Loans
Population
Hodges Population Trends
Hodges has a total population of .
Within the last decade, the population growth rate of Hodges was listed at . The 10-year growth rate for the entire state is . You can compare these numbers to the national 10-year population growth rate of .
When you break it down annually, the average population growth rate in Hodges is , next to the state average growth rate of . The nation’s average population growth rate within that decade was .
is the median age of the citizens of Hodges.
Hodges Population Over Time
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Hodges Population By Year
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Hodges Population By Age And Sex
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Economy
Hodges Economy 2024
Hodges has reported a median household income of . The median income for all households in the entire state is , in contrast to the United States’ level which is .
This equates to a per person income of in Hodges, and in the state. Per capita income in the United States is recorded at .
The workers in Hodges make an average salary of in a state whose average salary is , with average wages of throughout the United States.
In Hodges, the rate of unemployment is , while the state’s unemployment rate is , as opposed to the nation’s rate of .
The economic picture in Hodges integrates an overall poverty rate of . The overall poverty rate throughout the state is , and the nationwide figure stands at .
Hodges Residents’ Income
Hodges Median Household Income
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Hodges Per Capita Income
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Hodges Income Distribution
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Hodges Poverty Over Time
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Hodges Property Price To Income Ratio Over Time
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Hodges Job Market
Hodges Employment Industries (Top 10)
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Hodges Unemployment Rate
https://housecashin.com/investing-guides/flipping-hodges-sc/#unemployment_rate_27
Hodges Employment Distribution By Age
https://housecashin.com/investing-guides/flipping-hodges-sc/#employment_distribution_by_age_27
Hodges Average Salary Over Time
https://housecashin.com/investing-guides/flipping-hodges-sc/#average_salary_over_time_27
Hodges Employment Rate Over Time
https://housecashin.com/investing-guides/flipping-hodges-sc/#employment_rate_over_time_27
Hodges Employed Population Over Time
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Schools
Hodges School Ratings
The school structure in Hodges is kindergarten to 12th grade, with elementary schools, middle schools, and high schools.
The Hodges education system has a high school graduation rate.
Hodges School Ratings
https://housecashin.com/investing-guides/flipping-hodges-sc/#school_ratings_30