29388, Woodruff, SC

Woodruff, SC is located in the southeastern corner of South Carolina, bordering North Carolina. The zip code of 29388 has a population of 9,827 as of the 2010 census. Woodruff is a small town with a population density of only 1,000 people per square mile. The median household income in Woodruff is $41,000 and the median home value is $130,000.

The average home price in Woodruff has increased by over 100% since 2000. In 2000, the average home price was $77,500 and by 2010 it had increased to $130,000. This dramatic increase can be attributed to several factors:

-The availability of affordable housing due to low population density

-Low interest rates

-Strong economic growth in the area

-A strong local economy that benefits from an abundance of jobs and businesses

Despite these positive factors, there are some challenges that homeowners in Woodruff face when it comes to their home equity and home prices. One major challenge for homeowners is that there are relatively few homes available for sale in Woodruff compared to other areas of the country. This limited inventory can lead to high prices and high levels of competition among buyers for available homes. Additionally, interest rates have remained low for many years which has helped fuel the rapid appreciation of homes in Woodruff. However, if interest rates were to rise significantly this could have a negative impact on home values as well as homeowners' equity levels. Another challenge faced by homeowners in Woodruff is that property taxes are relatively high compared to other areas of South Carolina. This makes it difficult for many families who own homes here to afford a comfortable lifestyle without having to take on additional debt or reduce spending elsewhere within their budget