Real Estate Investing in Cope, South Carolina (29038)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29038 (Cope, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 12.4% 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 Cope, SC (29038)?
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Market Analysis: 29038 Cope
ZIP 29038 in Cope, SC carries a healthy set of headwinds. Home values near $170K and rents of $810/mo sit inside a market where underwriting has to be tight.
The investment case in 29038 is significant only for operators who understand what they are buying. A $170K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 29038's metrics run below Orangeburg County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
In practical terms, 2,452 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. durable returns are possible in 29038, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Cope:
Market Trends
Home Value History (with trend line)
📊 How Does 29038 Compare?
| Metric | 29038 | Cope | Orangeburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $170,110 | $170,110 | N/A | $299,690 |
| 5-Year CAGR | 1.7% | 1.7% | N/A | 7.3% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29038 (Cope, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,110 |
| Monthly Rent | $810 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +12.1% ▲ |
| 3-Year CAGR | +4.1% ▲ |
| 5-Year CAGR | +1.7% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (3.7%). 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 29038
Population: 2,452
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 29038
Schools in This ZIP Code
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 972 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of tenants rent in Cope, SC?
Cope, SC offers a even-keeled renter base at the $810/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does Cope, SC make sense for an investment property?
The 2.0/5 investability rating in Cope, SC reflects its $170K prices and $810/mo rents. Investors generally consider it a solid option within SC.
Is Cope, SC good for house hacking?
The house hack math a challenging in Cope, SC. Owner-occupant buyers benefit from the $810/mo rents and $170K home values.
Do landlords face vacancy issues in Cope, SC?
Expect elevated vacancy in Cope, SC. Rents at $810/mo are absorbed by the tenant base without meaningful lag.
Is Cope, SC landlord-friendly?
SC ranks as a landlord-friendly state for landlord-tenant law. Cope generally follows the statewide framework, so landlords face reasonable operating rules.
You know 29038 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29038 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 29038 ranks in Orangeburg, SC
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