News Summary
Mungo Homes has commenced construction on the Astoria Townhome community in Elgin, offering affordable housing options starting in the high $100,000 range. Located off Exit 82 on Interstate 20, this new development promises a vibrant neighborhood with amenities like a pool and playground. With growing demand for housing in the Columbia area, the community aims to accommodate the anticipated influx of residents due to upcoming economic growth. Infrastructure upgrades are planned to support this expansion, helping to address the housing needs of new families in the region.
Exciting News for Elgin Area: Mungo Homes Kicks Off Construction of New Affordable Townhomes!
In a great turn of events for home seekers in the Elgin area of Columbia, Mungo Homes has officially broken ground on the latest residential development—Astoria Townhome community! This vibrant new neighborhood is set to expand the housing options in the region, becoming a much-anticipated addition to an already thriving locality.
Location, Location, Location!
The Astoria Townhome community is conveniently located just off Exit 82 on Interstate 20, making it an appealing choice for commuters and families alike. The development site spans Spears Creek Church Road, which has recently been buzzing with activity, thanks to an influx of both homes and new businesses entering the area. It’s evident that this neighborhood is experiencing a boom, fueling excitement for residents and prospective homebuyers.
Affordable Living at Last!
One of the standout features of this townhome community is its pricing. With homes starting in the high $100,000 range, it presents an attractive alternative for those who find the current average home prices in Columbia, which hover between $260,000 and nearly $300,000, quite steep. Even the overall average in Columbia, pegged at just under $233,000, makes these new townhomes a breath of fresh air for budget-conscious buyers.
Fun-Filled Amenities Await!
But that’s not all! The Astoria Townhome community promises to be more than just a cluster of homes; it aims to create a lively environment for residents. Plans include wonderful amenities such as a refreshing pool, a cabana for relaxation, and a playground for the little ones. It’s the perfect opportunity for families to connect, and for neighbors to become friends.
Growth, Growth, and More Growth!
The real estate market in the area is buzzing, and for good reason. Several factors contribute to the neighborhood’s popularity, including easy access to the interstate, alongside a significant housing shortage in the Midlands. With the upcoming Scout Motors plant—a whopping $2 billion facility being developed in Blythewood—predictions suggest the area will experience remarkable growth, with production set to begin in 2027. This plant is set to generate thousands of jobs, ultimately impacting housing needs in the surrounding neighborhoods.
Time for Infrastructure Upgrades!
As part of the larger growth initiative, infrastructure improvements are also in the cards. Richland County has announced plans to widen parts of local roads, adding right-of-way lanes in conjunction with the ongoing construction of the plant. These infrastructure projects are scheduled to begin in early 2026, making sure that the area can accommodate the influx of new residents and businesses.
Expected Population Surge!
In fact, experts project that the Greater Columbia region is on track to see an increase of over 50,000 residents by 2040, highlighting the urgent need for more housing solutions. Townhome construction has surged in the past three years, rocketing up by approximately 10% annually in both Richland and Lexington counties. It’s a trend that mirrors national statistics, where townhome construction has soared to hit record levels, accounting for about 18% of new home constructions within the third quarter of 2024.
The Future Looks Bright!
With growing demand for townhomes driven by various demographics—ranging from retirees looking to downsize to younger buyers seeking affordable living—the Astoria development couldn’t come at a better time. Local leaders have been vocal about the necessity for more denser housing developments, emphasizing the value of townhomes and multi-family options in the community. As construction of the Astoria Townhome community progresses, Columbia is getting ready to embrace a new chapter in its housing story.
Elgin and Columbia residents have plenty to be excited about with this unfolding housing initiative. With more affordable options, fantastic amenities, and a rapidly growing community, the Astoria Townhome community is sure to become a thriving home where many can build their dreams!
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Additional Resources
- Post and Courier: New Townhomes in Elgin Neighborhood
- Wikipedia: Townhouse
- WLTX: Trailhead Townhomes Closer to Reality
- Google Search: Townhome Development Columbia
- ARLnow: New Apartments and Townhouses Approved
- Google Scholar: Townhome Community Development
- The State: Local News Article
- Encyclopedia Britannica: Townhome Living
- Columbia Business Times: Development Updates
- Google News: Columbia Real Estate
