Real Estate Investing in Cayce, South Carolina (29033)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29033 (Cayce, SC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Cayce, SC (29033)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29033 Cayce
ZIP 29033 inside Lexington County looks affordable on the surface — median value of $212K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,651/mo on a $212K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 29033 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Cayce have seen price recovery that 29033 has not matched. Lexington County data supports the view that the spread is structural rather than temporary.
Resident income in 29033 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 29033 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cayce:
Property Strategy for 29033
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $159,488 | $1,430 | 6.5% | +9.0% | $79,744 |
| 3BR | $205,417 | $1,820 | 6.4% | +8.2% | $68,472 |
| 4BR | $298,983 | $2,140 | 5.2% | +7.9% | $74,746 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29033 Compare?
| Metric | 29033 | Cayce | Columbia, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $211,944 | $211,944 | N/A | $299,690 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.3% |
| Avg Rent | $1,651 | $1,651 | N/A | - |
| Cap Rate | 6.1% | 6.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29033 (Cayce, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $211,944 |
| Monthly Rent | $1,651 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.4% |
| Cap Rate | 6.1% |
| 5-Year IRR | 12.8% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | +8.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 29033
Population: 12,971
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 29033
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Logan Elementary
Clear Dot Charter School
Carolus Online Academy
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,702 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How qualified is the tenant pool in Cayce, SC?
Cayce, SC draws a steady base of working renters. Demand at the $1,651/mo rent level is reasonable for standard single-family and small multi rentals.
Is Cayce, SC a friendly market for rental owners?
Rental owners in Cayce, SC deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the typical vacancy rate in Cayce, SC?
Expect elevated vacancy in Cayce, SC. Rents at $1,651/mo are absorbed by the tenant base without meaningful lag.
What investment strategy works best in Cayce, SC?
Investors usually favor careful cash-flow rentals with hands-on management in Cayce, SC. With home values at $212K and rents near $1,651/mo, other strategies can work but produce predictable rather than outsized returns.
What are home prices like in Cayce, SC?
In Cayce, SC the median home value sits at $212K. Against the broader SC market, that reads as reasonable for most investors.
You know 29033 now. You don’t know where it ranks.
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How 29033 ranks in Columbia, SC
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