Brick c.1930 Three Bedroom South Carolina Home $65K

Brick c.1930 Three Bedroom South Carolina Home. This brick ranch home has some nice features including French doors, built-ins and hardwood floors.

116 Singletary Ave, Lake City, SC 29560  $65,800

• Contact Realtor: Andrea Butcher Thomas
• Google Map
• Niche 

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Pros of Lake City, SC

1. Low Cost of Living & Affordable Housing

   • The cost of living index is substantially below the U.S. average (around 80‑81), making daily expenses more manageable.

   • Median home values are quite low; housing is one of the strongest positives.

2. Affordability in General

   • Things like groceries, transportation, utilities tend to be cheaper relative to many parts of the country.

   • Rent is also relatively low.

3. Small‑City / Community Feel & Amenities for Residents

   • It’s a small city (population ~6,500–6,700), which many people like for its sense of community.

   • There are parks, recreation & tourism programs. The city has youth sports, athletic programs, seasonal events.

   • There are efforts to engage arts & culture (for example, the ArtFields festival) which help give local flavor.

4. Low Property Taxes & Relatively Low Property Prices

   • Property prices are modest compared to many places, making homeownership more accessible.

   • The property tax burden tends to be lower for homeowners.

5. Some Local Education and Teacher Motivation

   • Some sources note that teacher motivation is good, which can help in smaller communities.

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Cons / Challenges of Lake City, SC

1. High Crime Rates

   • Overall crime is well above the national average (violent and property crimes).

   • Violent crime is especially high, many and aggressive incidents compared to U.S. norms

   • Property crime is also a serious concern.

2. Lower Income Levels & High Poverty

   • Median household income is much lower than U.S. averages.

   • A high poverty rate: one report says ~32.6% (or other sources ~19‑20%) which is significantly above national averages.

3. Education Challenges

   • Educational attainment is lower: fewer adults with bachelor’s degrees; many residents with only high school diploma.

   • School performance metrics (math, reading, etc.) tend to be weak or below average in some reports.

4. Declining Population or Stagnation

   • The city has seen a modest decline over past few years (e.g. ‑2.7% over 5 years) in its population.

   • That can result in less economic growth, fewer new businesses, fewer investment incentives.

5. Limited Job Opportunities / Economic Diversity

   • The local job market is relatively limited; many types of jobs (especially higher paying or specialized ones) may be harder to find locally.

   • Many residents earn less, and typical types of employment may not offer high incomes.

6. Safety Anxiety & Variation by Neighborhood

   • Because of the high crime rates, safety can vary greatly by neighborhood. Certain parts are much safer than others, while some are more risky.

7. Education vs. Resources Disparity

   • Some reports suggest proficiency in core subjects (especially math) is low in the elementary schools.

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