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Lancaster County, SC

RANK #734 / 996  ·  POP 97,611  ·  SC

PROJECTED GROWTH: -0.2%

Lancaster County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Lancaster County?

Lancaster County, South Carolina, distinguishes itself with its historical ties, particularly as the birthplace of President Andrew Jackson. The county, named after England's House of Lancaster, is located in north-central South Carolina, approximately 40 miles south of Charlotte, North Carolina, and 60 miles north of Columbia, South Carolina. Commuting to Charlotte typically takes 30 to 60 minutes, depending on traffic. The community offers a blend of small-town living with access to big-city amenities. Outdoor recreation is available at places like Forty Acre Rock Heritage Preserve and along the Catawba River, which attracts kayakers and fishermen. Andrew Jackson State Park also provides nature trails and a fishing lake.

Life in Lancaster County offers a mix of affordability and community. The county is experiencing population growth, attracting families, young professionals, and retirees. The Lancaster County School District serves over 13,000 students across 25 schools, with some schools performing above average. While a car-first lifestyle is common, the Lancaster Area Ride Service (LARS) provides transportation options for residents. The local economy, once dominated by textiles, has diversified, with recent investments in corporate facilities and advanced manufacturing. This economic shift has brought new job opportunities to the area.

[02] Market Snapshot

Housing Ratio
6.3x

Above national median (4.7x)

GDP Growth
+7.6%

Well above national median

Home Prices
-2.6%

Prices declining

Climate & Terrain
0.1

Moderate climate & terrain

Price/Rent
13x

Below national median (13x)

Housing is fairly valued at 6.3x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Lancaster County U.S. National

The Numbers

DEMOGRAPHICS
Population
97,611
+3.13% YoY
Median Household Income
$72,186
Median Home Value
$272,100
-2.58% 12mo
Median Rent
$881
Average Annual Pay
$64,550
+6.5% YoY
Employment
28,110
+2.5% YoY
Income-to-Home-Value
0.2653
More affordable than average
Migration Inflow
2.97%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$450,000
Days on Market
87
Slower market
Months of Supply
5.2
Buyer's market
Sale-to-List Ratio
98.3%
Near asking price
Sold Above List
15.5%
Listings w/ Price Drops
25.2%
Building Permits (2024)
997
Single-Family Permits
997

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$6,050M
TOTAL
PROJECT AMOUNT STATUS
AI Data Center (Greenfield Road & Harrisburg Pike)
CoreWeave (leased from Chirisa Technology Parks/Machine Investment Group)
$6,000M Under Construction
Residential Land Development (Great Falls Highway)
Broadstreet Global
$50M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +7.6% 95 percentile
Population Growth +3.1% 96 percentile
Income Growth +7.1% 19 percentile
Vacancy Rate 0.9% 66 percentile
Home Price Change -2.6% 11 percentile
Rent Growth +1.6% 28 percentile
Price/Rent 13x 54 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Lancaster County, SC a good place to move to?

Lancaster County has a Boom Town Index score of 26/100, ranking #734 among 996 U.S. counties. With job growth at +2.5% and a median household income of $72,186, it faces some economic headwinds compared to faster-growing counties.

Is Lancaster County affordable?

The median home value in Lancaster County is $272,100 with median rent at $881/month. The income-to-home-value ratio is 0.2653, which is more affordable than the national average.

Is Lancaster County growing or shrinking?

Population growth: +3.1% year-over-year. Job growth: +2.5%. Home values changed -2.6% in the past 12 months.

Are people moving to Lancaster County?

Yes — 2.97% of Lancaster County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Crawford County, PA 36 Mobile County, AL 36 St. Mary's County, MD 36 Hanover County, VA 36 Bernalillo County, NM 36 Fayette County, PA 36 San Luis Obispo County, CA 36 Franklin County, MA 36