Folly Beach, SC Real Estate
According to census data in the year 2000 there were 1,788 housing units in Folly Beach.
This represents a 28.5% growth from 1,391 in 1990.
Of those housing units, 1,570 were located in either urbanized areas or urban clusters, and 218 were located in what is classified as a rural area.
Homeownership rate in Folly Beach is about 58.4%.
Folly Beach's vacancy rate, including seasonal lodging, is about 42.1%.
Average household size is 1.97 people.
The majority of houses, apartments or condos in Folly Beach were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 9.70% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 37% |
| Four Bedrooms | 15.80% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $283,100 |
| Median Price asked for vacant units | $613,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.72 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $662 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 51.70% |
| Debt Free | 33.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.5% |
