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Lake Secession

Learn about the people, housing, costs and businesses in Lake Secession, South Carolina

Median Home$304,900
Median Rent$710/month
Population1,389
Leading IndustriesRetail · Wholesale Trade · Information & Media27% retail
Home Value Growth⬆⬆⬆+27.3% over 2 years
Family-Friendly28% of residentswell above average
Homeowners94% of occupied units
Lake Secession
SC

Frequently Asked Questions

What are today's mortgage rates in Lake Secession?

As of today, the 30-year fixed mortgage rate for Lake Secession is approximately 6.955% (6.996% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Secession?

The median home value in Lake Secession is $305k. The median monthly rent is $710. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Secession?

Home values in Lake Secession have increased 27.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Secession?

Based on a typical all-in ownership cost of $803/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Secession is $63k/year.

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What industries drive the economy in Lake Secession?

The largest employment sectors in Lake Secession are retail (27%) and public administration (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.