Real Estate Investing in Chappells, South Carolina (29037)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29037 (Chappells, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 36.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Chappells, SC (29037)?
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Market Analysis: 29037 Chappells
ZIP 29037 in Chappells, SC carries a resilient set of headwinds. Home values near $280K and rents of $1,053/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $280K asset, 29037 is the wrong submarket. If the plan prices in friction, the yield can still work.
On balance, 29037 offers a low basis, the region around Chappells has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A healthy renter share of 12% in 29037 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 29037 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Chappells:
Market Trends
Home Value History (with trend line)
📊 How Does 29037 Compare?
| Metric | 29037 | Chappells | Newberry, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $279,518 | $279,518 | N/A | $299,690 |
| 5-Year CAGR | 2.6% | 2.6% | N/A | 7.3% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29037 (Chappells, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $279,518 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 22.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +8.5% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 29037
Population: 1,050
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,899 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average monthly rent in Chappells, SC?
Expect rents around $1,053/mo per month in Chappells, SC. With home values at $280K, the yield math works out to reasonable levels for rental investors.
What is the tenant pool like in Chappells, SC?
Expect a solid tenant pool in Chappells, SC. The rental market absorbs $1,053/mo rents without meaningful friction.
Should investors consider Chappells, SC?
With a 3.0/5 investability score, Chappells, SC ranks as a solid market for rental property investors. Median prices of $280K and rents of $1,053/mo drive the underlying numbers.
Which real estate strategy fits Chappells, SC?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Chappells, SC. The numbers - $280K homes against $1,053/mo rents - support that play.
Does house hacking make sense in Chappells, SC?
House hacking in Chappells, SC is reasonable to execute. Prices around $280K and rents of $1,053/mo solid owner-occupant economics.
You know 29037 now. You don’t know where it ranks.
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