Lake, SC housing market
The typical Lake home is worth about $129,000, up 1.7% in a year, 58% below the South Carolina typical home.
Home values, sales, trends and how Lake compares with the towns next door — updated as new data is published.
Lake at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Lake | South Carolina |
|---|---|---|
| 2017 | $79,000 | $171,000 |
| 2018 | $79,000 | $180,000 |
| 2019 | $87,000 | $190,000 |
| 2020 | $92,000 | $201,000 |
| 2021 | $106,000 | $222,000 |
| 2022 | $115,000 | $260,000 |
| 2023 | $125,000 | $291,000 |
| 2024 | $128,000 | $301,000 |
| 2025 | $128,000 | $306,000 |
| 2026 | $126,000 | $305,000 |
| August 2026 | $129,000 | $306,000 |
3 new homes permitted in 2025
Builders were permitted 3 new homes in Lake in 2025, all single-family houses. That's 0.5 per 1,000 residents, slower than across South Carolina (9.4). Over the past 10 years, Lake has permitted 157 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 3 | 3 | 0 | $245,000 |
| 2024 | 36 | 0 | 36 | $9.8 million |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 5 | 5 | 0 | $433,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 47 | 2 | 45 | $5.9 million |
| 2019 | 48 | 3 | 45 | $6 million |
| 2018 | 7 | 7 | 0 | $531,000 |
| 2017 | 6 | 6 | 0 | $455,000 |
| 2016 | 5 | 5 | 0 | $379,000 |
| 2015 | 5 | 5 | 0 | $479,000 |
| 2014 | 41 | 1 | 40 | $3.2 million |
| 2013 | 2 | 2 | 0 | $194,000 |
| 2012 | 2 | 2 | 0 | $254,000 |
| 2011 | 7 | 7 | 0 | $700,000 |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 4 | 4 | 0 | $235,000 |
| 2001 | 7 | 7 | 0 | $383,000 |
| 2000 | 36 | 2 | 34 | $1.6 million |
How Lake ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.8 years of income
The typical Lake home costs about 3.8 years of the town's median household income, less than across South Carolina (4.4 years).
How Lake ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Lake is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lake pay a median of $702, so moving in tends to cost more than staying put. A two-bedroom takes about 34% of the town's median household income, above the 30% guideline for affordable housing.
Studio $780 · 4 bedrooms $1,320
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (29560; Florence, SC HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Lake
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.