Ultimate Lexington County Real Estate Investing Guide for 2024
Overview
Lexington County Real Estate Investing Market Overview
Over the last decade, the population growth rate in Lexington County has an annual average of . The national average at the same time was with a state average of .
Lexington County has seen a total population growth rate during that span of , when the state’s overall growth rate was , and the national growth rate over 10 years was .
Looking at property values in Lexington County, the current median home value in the market is . The median home value for the whole state is , and the United States’ median value is .
Home values in Lexington County have changed throughout the past 10 years at an annual rate of . The average home value appreciation rate throughout that period across the whole state was per year. Across the US, the average annual home value growth rate was .
For those renting in Lexington County, median gross rents are , in comparison to at the state level, and for the United States as a whole.
Lexington County Real Estate Investing Highlights
Lexington County Top Highlights
https://housecashin.com/investing-guides/investing-lexington-county-sc/#top_highlights_3
Strategies
Strategy Selection
If you are examining a potential investment market, your research will be guided by your real estate investment strategy.
We’re going to show you instructions on how you should consider market information and demographics that will influence your distinct kind of real property investment. This should help you to select and assess the site statistics contained in this guide that your plan requires.
There are area fundamentals that are crucial to all types of real property investors. These combine crime rates, commutes, and regional airports among others. When you dig deeper into a city’s data, you need to focus on the market indicators that are crucial to your investment needs.
Special occasions and features that bring visitors will be important to short-term landlords. House flippers will pay attention to the Days On Market statistics for properties for sale. If you see a six-month stockpile of houses in your price category, you may need to search in a different place.
Long-term property investors search for indications to the durability of the local job market. The unemployment data, new jobs creation tempo, and diversity of employers will signal if they can anticipate a steady stream of renters in the community.
Beginners who cannot determine the preferred investment strategy, can consider using the knowledge of Lexington County top real estate coaches for investors. You’ll additionally boost your career by signing up for any of the best property investment groups in Lexington County SC and attend real estate investor seminars and conferences in Lexington County SC so you will glean ideas from numerous pros.
Here are the assorted real property investing strategies and the way they investigate a future real estate investment community.
Active Real Estate Investment Strategies
Buy and Hold
If a real estate investor acquires a property for the purpose of keeping it for an extended period, that is a Buy and Hold strategy. Throughout that period the investment property is used to create repeating income which multiplies your earnings.
At some point in the future, when the market value of the investment property has increased, the real estate investor has the option of liquidating it if that is to their benefit.
One of the top investor-friendly realtors in Lexington County SC will provide you a detailed overview of the nearby residential environment. Below are the details that you need to consider most closely for your long term investment strategy.
Factors to Consider
Property Appreciation Rate
Property appreciation rates are one of the initial factors that signal if the area has a robust, reliable real estate market. You need to identify a reliable annual increase in property prices. Long-term property appreciation is the foundation of the whole investment plan. Dropping appreciation rates will likely cause you to delete that location from your checklist completely.
Population Growth
A location without strong population growth will not make enough tenants or buyers to reinforce your investment plan. It also typically incurs a drop in property and rental rates. A declining location isn’t able to produce the enhancements that would attract relocating companies and workers to the community. You want to bypass such cities. The population growth that you’re searching for is stable every year. Expanding locations are where you will find increasing property values and robust rental prices.
Property Taxes
Property tax payments will weaken your profits. You are looking for a location where that spending is reasonable. These rates almost never get reduced. A history of real estate tax rate increases in a community can often go hand in hand with weak performance in other economic indicators.
It happens, nonetheless, that a specific real property is mistakenly overrated by the county tax assessors. When this situation happens, a business on our list of Lexington County property tax consultants will take the case to the municipality for reconsideration and a possible tax value markdown. However, in atypical circumstances that require you to go to court, you will want the aid from real estate tax lawyers in Lexington County SC.
Price to rent ratio
Price to rent ratio (p/r) is computed by dividing the median property price by the annual median gross rent. A site with high rental prices should have a lower p/r. This will permit your rental to pay back its cost within a reasonable timeframe. You don’t want a p/r that is so low it makes buying a residence better than leasing one. If tenants are turned into buyers, you can get stuck with unused rental properties. You are hunting for locations with a reasonably low p/r, certainly not a high one.
Median Gross Rent
Median gross rent is a good gauge of the stability of a town’s rental market. Regularly increasing gross median rents signal the type of strong market that you are looking for.
Median Population Age
Median population age is a portrait of the extent of a location’s labor pool that corresponds to the magnitude of its lease market. Look for a median age that is the same as the age of working adults. A high median age signals a populace that will become an expense to public services and that is not participating in the housing market. An aging populace can result in higher real estate taxes.
Employment Industry Diversity
Buy and Hold investors do not want to find the site’s jobs concentrated in too few employers. A stable site for you features a varied selection of business categories in the market. When a single industry category has interruptions, most employers in the area are not hurt. You don’t want all your tenants to lose their jobs and your rental property to depreciate because the only major employer in the area shut down.
Unemployment Rate
An excessive unemployment rate suggests that not many residents have the money to rent or buy your property. Rental vacancies will increase, foreclosures can go up, and income and investment asset improvement can equally suffer. If individuals lose their jobs, they become unable to afford goods and services, and that affects businesses that give jobs to other people. A location with high unemployment rates gets uncertain tax income, fewer people moving in, and a problematic financial outlook.
Income Levels
Residents’ income statistics are scrutinized by every ‘business to consumer’ (B2C) company to uncover their customers. You can use median household and per capita income data to target particular pieces of a market as well. Increase in income means that tenants can make rent payments promptly and not be intimidated by incremental rent escalation.
Number of New Jobs Created
The number of new jobs opened on a regular basis enables you to forecast an area’s prospective economic outlook. A stable source of tenants needs a robust job market. The addition of more jobs to the market will help you to retain acceptable tenancy rates when adding properties to your portfolio. A supply of jobs will make an area more attractive for settling down and purchasing a property there. Increased interest makes your real property worth grow before you want to liquidate it.
School Ratings
School rankings will be a high priority to you. New companies want to see excellent schools if they are planning to move there. The quality of schools is a big incentive for families to either remain in the market or depart. An inconsistent supply of tenants and home purchasers will make it hard for you to achieve your investment goals.
Natural Disasters
When your plan is based on on your capability to unload the real estate after its market value has improved, the property’s superficial and structural condition are important. That’s why you will need to bypass areas that often face natural disasters. Regardless, the investment will need to have an insurance policy written on it that covers calamities that might happen, such as earthquakes.
Considering potential loss done by renters, have it covered by one of the best landlord insurance companies in Lexington County SC.
Long Term Rental (BRRRR)
A long-term investment plan that involves Buying a property, Renovating, Renting, Refinancing it, and Repeating the process by using the capital from the mortgage refinance is called BRRRR. BRRRR is a plan for repeated expansion. This strategy rests on your capability to withdraw money out when you refinance.
The After Repair Value (ARV) of the rental needs to equal more than the combined acquisition and improvement costs. Next, you remove the value you created out of the investment property in a “cash-out” mortgage refinance. You acquire your next property with the cash-out funds and do it all over again. You purchase more and more houses or condos and constantly increase your rental revenues.
When your investment real estate portfolio is substantial enough, you may contract out its management and receive passive income. Locate Lexington County property management agencies when you search through our directory of professionals.
Factors to Consider
Population Growth
The expansion or decrease of the population can illustrate whether that community is interesting to landlords. If the population increase in a market is strong, then new tenants are assuredly moving into the community. The city is attractive to companies and working adults to situate, work, and create families. Growing populations maintain a reliable tenant reserve that can afford rent increases and homebuyers who assist in keeping your investment asset prices up.
Property Taxes
Property taxes, similarly to insurance and maintenance costs, can vary from market to place and have to be looked at cautiously when estimating potential returns. Investment property situated in steep property tax areas will provide smaller returns. If property taxes are excessive in a particular community, you will want to search somewhere else.
Price to Rent Ratio
The price to rent ratio (p/r) is a contrast of median property prices and median lease rates that will signal how high of a rent the market can tolerate. An investor can not pay a large sum for a property if they can only collect a small rent not allowing them to repay the investment within a reasonable timeframe. The lower rent you can charge the higher the p/r, with a low p/r illustrating a better rent market.
Median Gross Rents
Median gross rents are a significant illustration of the strength of a rental market. Median rents must be expanding to validate your investment. If rents are shrinking, you can scratch that region from discussion.
Median Population Age
Median population age in a dependable long-term investment environment must equal the typical worker’s age. This could also show that people are relocating into the market. If you see a high median age, your stream of renters is shrinking. A thriving economy can’t be sustained by retiring workers.
Employment Base Diversity
Having numerous employers in the city makes the economy not as unstable. When there are only one or two dominant employers, and one of such relocates or disappears, it can lead you to lose paying customers and your property market prices to decrease.
Unemployment Rate
High unemployment equals smaller amount of tenants and an unpredictable housing market. People who don’t have a job won’t be able to purchase goods or services. This can cause a high amount of retrenchments or shrinking work hours in the community. Even renters who are employed will find it challenging to pay rent on time.
Income Rates
Median household and per capita income will show you if the renters that you prefer are residing in the area. Increasing incomes also tell you that rental payments can be raised throughout your ownership of the investment property.
Number of New Jobs Created
An expanding job market results in a consistent pool of renters. The workers who are employed for the new jobs will be looking for a residence. This guarantees that you will be able to retain an acceptable occupancy rate and buy additional assets.
School Ratings
School ratings in the area will have a huge influence on the local property market. When a business considers a city for possible expansion, they remember that good education is a prerequisite for their workforce. Dependable tenants are the result of a vibrant job market. Homeowners who relocate to the community have a beneficial effect on housing market worth. For long-term investing, search for highly accredited schools in a prospective investment area.
Property Appreciation Rates
The foundation of a long-term investment plan is to hold the asset. You need to make sure that the odds of your investment raising in value in that neighborhood are likely. Substandard or decreasing property value in a region under consideration is unacceptable.
Short Term Rentals
Residential real estate where renters stay in furnished spaces for less than four weeks are called short-term rentals. The nightly rental rates are normally higher in short-term rentals than in long-term rental properties. With renters moving from one place to the next, short-term rental units need to be maintained and cleaned on a consistent basis.
Typical short-term tenants are backpackers, home sellers who are relocating, and people traveling on business who want something better than a hotel room. House sharing platforms such as AirBnB and VRBO have enabled countless property owners to engage in the short-term rental industry. Short-term rentals are thought of as a smart method to embark upon investing in real estate.
The short-term rental strategy includes interaction with tenants more frequently in comparison with yearly lease units. That dictates that landlords handle disputes more regularly. Think about defending yourself and your properties by adding one of lawyers specializing in real estate law in Lexington County SC to your network of professionals.
Factors to Consider
Short-Term Rental Income
Initially, find out how much rental income you need to reach your estimated return. A quick look at a city’s up-to-date typical short-term rental rates will tell you if that is a good location for your plan.
Median Property Prices
When acquiring real estate for short-term rentals, you have to figure out the amount you can spend. The median values of real estate will tell you whether you can afford to participate in that city. You can narrow your real estate hunt by estimating median values in the city’s sub-markets.
Price Per Square Foot
Price per sq ft can be impacted even by the style and floor plan of residential properties. If you are examining similar types of property, like condominiums or separate single-family homes, the price per square foot is more consistent. You can use this information to see a good broad picture of real estate values.
Short-Term Rental Occupancy Rate
The necessity for more rentals in a community may be determined by studying the short-term rental occupancy level. A high occupancy rate indicates that a new supply of short-term rentals is needed. If property owners in the community are having challenges filling their existing units, you will have difficulty renting yours.
Short-Term Rental Cash-on-Cash Return
Cash-on-cash return is a means to calculate the profitability of an investment plan. Divide the Net Operating Income (NOI) by the total amount of cash used. The percentage you get is your cash-on-cash return. High cash-on-cash return indicates that you will get back your cash faster and the purchase will have a higher return. Financed investments will have a higher cash-on-cash return because you will be using less of your money.
Average Short-Term Rental Capitalization (Cap) Rates
This criterion compares investment property value to its yearly return. High cap rates mean that investment properties are accessible in that city for fair prices. When cap rates are low, you can assume to spend more money for real estate in that city. You can calculate the cap rate for potential investment property by dividing the Net Operating Income (NOI) by the market worth or purchase price of the property. The result is the yearly return in a percentage.
Local Attractions
Short-term rental units are preferred in communities where visitors are drawn by events and entertainment spots. Tourists go to specific areas to watch academic and sporting events at colleges and universities, see professional sports, support their children as they compete in kiddie sports, have the time of their lives at yearly carnivals, and go to adventure parks. At particular occasions, places with outdoor activities in the mountains, coastal locations, or along rivers and lakes will bring in large numbers of people who need short-term rental units.
Fix and Flip
When a real estate investor buys a house cheaper than its market value, rehabs it so that it becomes more attractive and pricier, and then sells the home for a profit, they are known as a fix and flip investor. To keep the business profitable, the property rehabber must pay lower than the market value for the property and compute what it will take to repair it.
You also have to evaluate the resale market where the house is positioned. You always want to check how long it takes for homes to close, which is shown by the Days on Market (DOM) indicator. As a ”rehabber”, you’ll want to sell the fixed-up house without delay so you can eliminate maintenance expenses that will lower your returns.
To help distressed residence sellers locate you, enter your firm in our directories of property cash buyers in Lexington County SC and real estate investors in Lexington County SC.
In addition, work with Lexington County real estate bird dogs. Specialists in our catalogue concentrate on procuring desirable investments while they’re still off the market.
Factors to Consider
Median Home Price
The area’s median housing value should help you find a suitable neighborhood for flipping houses. Low median home values are an indication that there is an inventory of homes that can be purchased for less than market value. This is an essential ingredient of a profit-making fix and flip.
If regional information shows a rapid decrease in real property market values, this can highlight the accessibility of possible short sale real estate. You can receive notifications about these opportunities by joining with short sale negotiators in Lexington County SC. Learn more regarding this sort of investment detailed in our guide How to Buy a Home on Short Sale.
Property Appreciation Rate
Dynamics relates to the track that median home market worth is going. You are searching for a consistent growth of the city’s real estate market values. Unreliable value changes aren’t good, even if it is a substantial and unexpected surge. When you’re purchasing and selling swiftly, an uncertain market can harm your investment.
Average Renovation Costs
A careful study of the region’s renovation expenses will make a huge impact on your area selection. Other costs, like authorizations, could inflate your budget, and time which may also develop into an added overhead. To create an on-target financial strategy, you will have to understand whether your plans will be required to involve an architect or engineer.
Population Growth
Population increase statistics let you take a look at housing demand in the region. When the number of citizens is not expanding, there is not going to be a good supply of homebuyers for your fixed homes.
Median Population Age
The median citizens’ age is a direct indicator of the presence of desirable home purchasers. The median age mustn’t be less or higher than the age of the typical worker. Workforce can be the individuals who are possible home purchasers. Aging people are getting ready to downsize, or relocate into senior-citizen or retiree communities.
Unemployment Rate
You want to see a low unemployment level in your potential region. The unemployment rate in a potential investment city needs to be lower than the US average. A really friendly investment community will have an unemployment rate lower than the state’s average. Unemployed people cannot acquire your homes.
Income Rates
Median household and per capita income levels explain to you whether you can obtain enough purchasers in that area for your homes. Most people who acquire a home have to have a home mortgage loan. Home purchasers’ capacity to get approval for a mortgage rests on the size of their wages. Median income will let you analyze whether the standard homebuyer can buy the property you are going to flip. In particular, income increase is vital if you prefer to expand your investment business. Construction costs and housing purchase prices increase from time to time, and you need to be sure that your prospective homebuyers’ wages will also improve.
Number of New Jobs Created
The number of jobs created each year is vital data as you think about investing in a particular area. An increasing job market means that a larger number of prospective home buyers are confident in buying a house there. Additional jobs also draw wage earners arriving to the location from other places, which additionally revitalizes the local market.
Hard Money Loan Rates
Those who acquire, repair, and sell investment properties prefer to engage hard money and not typical real estate financing. This enables them to rapidly purchase desirable real property. Look up Lexington County hard money lending companies and study lenders’ charges.
People who are not experienced regarding hard money lenders can find out what they ought to know with our article for newbie investors — What Is Hard Money Lending?.
Wholesaling
As a real estate wholesaler, you sign a sale and purchase agreement to buy a house that other real estate investors might want. When an investor who needs the property is spotted, the sale and purchase agreement is sold to the buyer for a fee. The contracted property is sold to the investor, not the real estate wholesaler. You’re selling the rights to the purchase contract, not the house itself.
Wholesaling hinges on the involvement of a title insurance firm that is comfortable with assignment of contracts and understands how to work with a double closing. Discover title companies that work with investors in Lexington County SC that we selected for you.
Learn more about how wholesaling works from our comprehensive guide — Wholesale Real Estate Investing 101 for Beginners. When employing this investment method, add your business in our list of the best home wholesalers in Lexington County SC. That way your possible customers will see you and contact you.
Factors to Consider
Median Home Prices
Median home values are instrumental to finding places where residential properties are being sold in your real estate investors’ price range. As investors want investment properties that are on sale for less than market value, you will want to find below-than-average median purchase prices as an implicit hint on the potential supply of homes that you may purchase for less than market worth.
A sudden decline in housing worth might lead to a hefty number of ‘underwater’ homes that short sale investors hunt for. Wholesaling short sale homes often carries a list of unique advantages. Nonetheless, be cognizant of the legal risks. Learn about this from our detailed article How Can You Wholesale a Short Sale Property?. If you determine to give it a go, make sure you employ one of short sale lawyers in Lexington County SC and foreclosure law offices in Lexington County SC to confer with.
Property Appreciation Rate
Median home price dynamics are also vital. Many investors, such as buy and hold and long-term rental investors, notably want to find that residential property market values in the region are expanding steadily. A weakening median home value will indicate a weak leasing and home-buying market and will turn off all types of real estate investors.
Population Growth
Population growth stats are an important indicator that your potential investors will be knowledgeable in. If the population is multiplying, more residential units are required. There are a lot of people who lease and more than enough clients who buy houses. A location that has a declining community does not attract the real estate investors you need to purchase your purchase contracts.
Median Population Age
A friendly residential real estate market for real estate investors is strong in all areas, particularly renters, who become homebuyers, who transition into more expensive houses. A location that has a big employment market has a consistent source of tenants and buyers. That is why the market’s median age needs to be the age of skilled workers in the workplace.
Income Rates
The median household and per capita income should be rising in a good real estate market that real estate investors want to work in. Increases in rent and sale prices must be backed up by improving wages in the region. That will be crucial to the investors you want to work with.
Unemployment Rate
The city’s unemployment rates will be an important consideration for any future contract buyer. Delayed lease payments and default rates are widespread in places with high unemployment. Long-term investors won’t acquire a home in a city like this. High unemployment creates uncertainty that will keep interested investors from buying a house. This is a concern for short-term investors buying wholesalers’ agreements to renovate and flip a property.
Number of New Jobs Created
Knowing how soon additional employment opportunities appear in the community can help you determine if the property is located in a vibrant housing market. People settle in a region that has fresh jobs and they require housing. Whether your buyer supply is comprised of long-term or short-term investors, they will be drawn to a city with regular job opening creation.
Average Renovation Costs
An influential consideration for your client investors, especially house flippers, are renovation expenses in the area. The purchase price, plus the costs of rehabilitation, should be lower than the After Repair Value (ARV) of the house to allow for profit. Below average remodeling spendings make a city more desirable for your priority customers — rehabbers and rental property investors.
Mortgage Note Investing
Mortgage note investing includes buying a loan (mortgage note) from a mortgage holder for less than the balance owed. By doing this, the purchaser becomes the lender to the initial lender’s debtor.
When a loan is being paid as agreed, it’s thought of as a performing note. These notes are a stable provider of passive income. Non-performing mortgage notes can be restructured or you could pick up the property for less than face value through foreclosure.
Eventually, you may produce a number of mortgage note investments and lack the ability to oversee the portfolio without assistance. At that juncture, you might want to use our catalogue of Lexington County top note servicing companies and reclassify your notes as passive investments.
If you conclude that this model is perfect for you, include your business in our list of Lexington County top promissory note buyers. When you do this, you’ll be seen by the lenders who market profitable investment notes for acquisition by investors such as you.
Factors to consider
Foreclosure Rates
Mortgage note investors looking for current mortgage loans to acquire will hope to find low foreclosure rates in the market. Non-performing note investors can carefully take advantage of cities that have high foreclosure rates as well. If high foreclosure rates are causing a weak real estate market, it could be challenging to resell the property if you seize it through foreclosure.
Foreclosure Laws
It is imperative for mortgage note investors to study the foreclosure regulations in their state. Are you faced with a Deed of Trust or a mortgage? A mortgage dictates that the lender goes to court for permission to foreclose. A Deed of Trust permits the lender to file a notice and proceed to foreclosure.
Mortgage Interest Rates
Purchased mortgage loan notes contain a negotiated interest rate. Your investment return will be affected by the interest rate. Regardless of which kind of mortgage note investor you are, the loan note’s interest rate will be significant to your estimates.
Traditional interest rates may differ by as much as a 0.25% around the United States. Loans offered by private lenders are priced differently and can be more expensive than conventional mortgages.
A mortgage loan note buyer ought to be aware of the private as well as conventional mortgage loan rates in their regions all the time.
Demographics
An area’s demographics stats allow note buyers to focus their efforts and properly distribute their resources. Note investors can interpret a great deal by reviewing the size of the populace, how many citizens are working, what they make, and how old the residents are.
Investors who prefer performing mortgage notes search for regions where a high percentage of younger residents have good-paying jobs.
The same place might also be appropriate for non-performing mortgage note investors and their end-game strategy. When foreclosure is necessary, the foreclosed home is more easily sold in a strong property market.
Property Values
Note holders like to find as much equity in the collateral as possible. When you have to foreclose on a loan with little equity, the foreclosure sale may not even pay back the amount owed. Growing property values help increase the equity in the home as the homeowner lessens the balance.
Property Taxes
Payments for property taxes are normally given to the lender along with the mortgage loan payment. That way, the mortgage lender makes sure that the real estate taxes are submitted when due. The lender will need to make up the difference if the mortgage payments cease or the lender risks tax liens on the property. If a tax lien is put in place, it takes a primary position over the lender’s loan.
Since tax escrows are included with the mortgage loan payment, rising taxes mean higher mortgage payments. This makes it tough for financially challenged borrowers to meet their obligations, so the loan could become past due.
Real Estate Market Strength
A city with appreciating property values has good potential for any mortgage note buyer. Because foreclosure is a critical component of mortgage note investment strategy, increasing property values are crucial to discovering a profitable investment market.
Growing markets often provide opportunities for private investors to make the first loan themselves. This is a profitable source of revenue for experienced investors.
Passive Real Estate Investment Strategies
Syndications
In real estate investing, a syndication is a group of investors who combine their capital and abilities to acquire real estate assets for investment. The business is arranged by one of the partners who shares the opportunity to the rest of the participants.
The person who creates the Syndication is referred to as the Sponsor or the Syndicator. He or she is responsible for supervising the acquisition or development and developing income. The Sponsor handles all business matters including the disbursement of profits.
Syndication members are passive investors. In return for their cash, they have a first position when revenues are shared. These investors have no obligations concerned with managing the partnership or managing the operation of the assets.
Factors to consider
Real Estate Market
The investment blueprint that you use will govern the community you choose to enroll in a Syndication. The previous chapters of this article talking about active real estate investing will help you determine market selection criteria for your potential syndication investment.
Sponsor/Syndicator
As a passive investor depending on the Syndicator with your cash, you need to examine the Sponsor’s transparency. Successful real estate Syndication relies on having a knowledgeable veteran real estate specialist as a Sponsor.
It happens that the Sponsor does not invest money in the venture. Certain investors only consider projects where the Sponsor also invests. Certain ventures determine that the effort that the Sponsor performed to assemble the opportunity as “sweat” equity. Some ventures have the Syndicator being given an initial fee plus ownership interest in the project.
Ownership Interest
The Syndication is completely owned by all the partners. When the company includes sweat equity members, expect partners who give cash to be rewarded with a greater piece of interest.
Investors are often awarded a preferred return of net revenues to induce them to join. When net revenues are achieved, actual investors are the first who receive an agreed percentage of their funds invested. Profits over and above that amount are split between all the participants depending on the size of their ownership.
If partnership assets are sold at a profit, the profits are distributed among the participants. Combining this to the ongoing revenues from an investment property notably enhances a partner’s returns. The operating agreement is cautiously worded by an attorney to explain everyone’s rights and obligations.
REITs
A trust buying income-generating real estate and that offers shares to others is a REIT — Real Estate Investment Trust. Before REITs existed, real estate investing was too costly for most citizens. Many investors at present are able to invest in a REIT.
Participants in real estate investment trusts are completely passive investors. The risk that the investors are accepting is distributed among a group of investment real properties. Investors can unload their REIT shares whenever they need. Shareholders in a REIT are not able to propose or submit assets for investment. The assets that the REIT picks to buy are the assets you invest in.
Real Estate Investment Funds
A Real Estate Investment Fund is a mutual fund that owns stocks of real estate companies. The fund does not hold real estate — it holds shares in real estate firms. This is another way for passive investors to allocate their portfolio with real estate without the high initial expense or risks. Whereas REITs have to disburse dividends to its shareholders, funds do not. As with other stocks, investment funds’ values rise and drop with their share price.
You can select a fund that concentrates on particular categories of the real estate industry but not particular markets for individual real estate property investment. You must count on the fund’s directors to decide which markets and real estate properties are picked for investment.
Housing
Lexington County Housing 2024
Lexington County has a median home market worth of , the state has a median market worth of , while the median value nationally is .
The average home value growth percentage in Lexington County for the previous decade is yearly. At the state level, the ten-year per annum average was . Through that period, the national year-to-year residential property value growth rate is .
As for the rental housing market, Lexington County has a median gross rent of . Median gross rent throughout the state is , with a national gross median of .
The rate of home ownership is at in Lexington County. The state homeownership percentage is presently of the population, while nationally, the rate of homeownership is .
The percentage of residential real estate units that are inhabited by tenants in Lexington County is . The rental occupancy rate for the state is . Across the US, the percentage of tenanted units is .
The percentage of occupied homes and apartments in Lexington County is , and the rate of empty single-family and multi-family units is .
Real Estate Trends
Lexington County Home Appreciation Rates
https://housecashin.com/investing-guides/investing-lexington-county-sc/#home_appreciation_rates_10
Lexington County Home Value
https://housecashin.com/investing-guides/investing-lexington-county-sc/#home_value_10
Lexington County Median Home Value
https://housecashin.com/investing-guides/investing-lexington-county-sc/#median_home_value_10
Lexington County Median Gross Rent
https://housecashin.com/investing-guides/investing-lexington-county-sc/#median_gross_rent_10
Lexington County Price To Rent Ratio Over Time
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Lexington County Home Ownership
Lexington County Rent & Ownership
https://housecashin.com/investing-guides/investing-lexington-county-sc/#rent_&_ownership_11
Lexington County Rent Vs Owner Occupied By Household Type
https://housecashin.com/investing-guides/investing-lexington-county-sc/#rent_vs_owner_occupied_by_household_type_11
Lexington County Occupied & Vacant Number Of Homes And Apartments
https://housecashin.com/investing-guides/investing-lexington-county-sc/#occupied_&_vacant_number_of_homes_and_apartments_11
Lexington County Household Type
https://housecashin.com/investing-guides/investing-lexington-county-sc/#household_type_11
Lexington County Property Types
Lexington County Age Of Homes
https://housecashin.com/investing-guides/investing-lexington-county-sc/#age_of_homes_12
Lexington County Types Of Homes
https://housecashin.com/investing-guides/investing-lexington-county-sc/#types_of_homes_12
Lexington County Homes Size
https://housecashin.com/investing-guides/investing-lexington-county-sc/#homes_size_12
Marketplace
Lexington County Investment Property Marketplace
If you are looking to invest in Lexington County 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 Lexington County 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 Lexington County investment properties for sale.
Lexington County Investment Properties for Sale
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Financing
Lexington County Real Estate Investing Financing
If you are looking for a loan to finance investment property purchase, rehab or ground up construction in Lexington County 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 Lexington County private and hard money lenders.
Lexington County 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
Lexington County Population Trends
The total population of Lexington County is .
The number of residents in Lexington County has changed through the previous decade at a rate of . Within that term, the state had a growth rate of . You can compare these figures to the US 10-year population growth rate of .
This amounts to an annual whole population growth rate of , compared to the entire state’s 12-month rate of . Over the same decade, the average yearly population growth rate for the United States was reported at .
The population’s median age in Lexington County is .
Lexington County Population Over Time
https://housecashin.com/investing-guides/investing-lexington-county-sc/#population_over_time_24
Lexington County Population By Year
https://housecashin.com/investing-guides/investing-lexington-county-sc/#population_by_year_24
Lexington County Population By Age And Sex
https://housecashin.com/investing-guides/investing-lexington-county-sc/#population_by_age_and_sex_24
Economy
Lexington County Economy 2024
Lexington County has recorded a median household income of . The median income for all households in the entire state is , as opposed to the national figure which is .
This averages out to a per capita income of in Lexington County, and in the state. is the per person amount of income for the United States as a whole.
The workers in Lexington County get paid an average salary of in a state whose average salary is , with wages averaging throughout the US.
Lexington County has an unemployment rate of , while the state registers the rate of unemployment at and the nation’s rate at .
All in all, the poverty rate in Lexington County is . The entire state’s poverty rate is , with the national poverty rate at .
Lexington County Residents’ Income
Lexington County Median Household Income
https://housecashin.com/investing-guides/investing-lexington-county-sc/#median_household_income_27
Lexington County Per Capita Income
https://housecashin.com/investing-guides/investing-lexington-county-sc/#per_capita_income_27
Lexington County Income Distribution
https://housecashin.com/investing-guides/investing-lexington-county-sc/#income_distribution_27
Lexington County Poverty Over Time
https://housecashin.com/investing-guides/investing-lexington-county-sc/#poverty_over_time_27
Lexington County Property Price To Income Ratio Over Time
https://housecashin.com/investing-guides/investing-lexington-county-sc/#property_price_to_income_ratio_over_time_27
Lexington County Job Market
Lexington County Employment Industries (Top 10)
https://housecashin.com/investing-guides/investing-lexington-county-sc/#employment_industries_(top_10)_28
Lexington County Unemployment Rate
https://housecashin.com/investing-guides/investing-lexington-county-sc/#unemployment_rate_28
Lexington County Employment Distribution By Age
https://housecashin.com/investing-guides/investing-lexington-county-sc/#employment_distribution_by_age_28
Lexington County Average Salary Over Time
https://housecashin.com/investing-guides/investing-lexington-county-sc/#average_salary_over_time_28
Lexington County Employment Rate Over Time
https://housecashin.com/investing-guides/investing-lexington-county-sc/#employment_rate_over_time_28
Lexington County Employed Population Over Time
https://housecashin.com/investing-guides/investing-lexington-county-sc/#employed_population_over_time_28
Schools
Lexington County School Ratings
The schools in Lexington County have a K-12 setup, and are composed of grade schools, middle schools, and high schools.
The Lexington County school setup has a high school graduation rate.
Lexington County School Ratings
https://housecashin.com/investing-guides/investing-lexington-county-sc/#school_ratings_31