Real Estate Investing in Cordova, South Carolina (29039)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29039 (Cordova, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.9% 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 Cordova, SC (29039)?
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Market Analysis: 29039 Cordova
Not every below-median market is a bargain. Cordova's 29039 ZIP sits at signals that favor experienced operators who can absorb the risk $138K pricing implies.
The investment case in 29039 is notable only for operators who understand what they are buying. A $138K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 29039 sits on the difficult end of the SC spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A sturdy renter share of 25% in 29039 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 29039 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Cordova:
Market Trends
Home Value History (with trend line)
📊 How Does 29039 Compare?
| Metric | 29039 | Cordova | Orangeburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $138,201 | $138,201 | N/A | $299,690 |
| 5-Year CAGR | 2.7% | 2.7% | N/A | 7.3% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 6.2% | 6.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29039 (Cordova, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $138,201 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 10.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.5% |
| Cap Rate | 6.2% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +16.2% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.7% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (6.2%). 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 29039
Population: 3,008
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 29039
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
Is real estate in Cordova, SC a good investment right now?
Cordova, SC rates 3.0/5 for investability. With median values at $138K and rents near $1,089/mo, the market offers reasonable fundamentals for rental investors.
Are landlord laws favorable in Cordova, SC?
Rental owners in Cordova, SC deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the rental occupancy rate in Cordova, SC?
Occupancy in Cordova, SC runs steady with elevated vacancy. Well-priced units at $1,089/mo lease on reasonable timelines.
How strong is tenant demand in Cordova, SC?
Cordova, SC draws a predictable base of working renters. Demand at the $1,089/mo rent level is reasonable for standard single-family and small multi rentals.
Which real estate strategy fits Cordova, SC?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Cordova, SC. The numbers - $138K homes against $1,089/mo rents - support that play.
You know 29039 now. You don’t know where it ranks.
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How 29039 ranks in Orangeburg, SC
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