Real Estate Investing in Elloree, South Carolina (29047)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29047 (Elloree, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.3% of homes vacant — above national norms.
- Elevated poverty: 27.7% poverty rate — can affect rent collection.
- Lower household income: $31,787 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elloree, SC (29047)?
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Market Analysis: 29047 Elloree
ZIP 29047 in Elloree, SC carries a resilient set of headwinds. Home values near $172K and rents of $1,053/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 29047 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader SC picture, 29047 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 29047 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 29047 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 Elloree:
Market Trends
Home Value History (with trend line)
📊 How Does 29047 Compare?
| Metric | 29047 | Elloree | Orangeburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $171,796 | $171,796 | N/A | $299,690 |
| 5-Year CAGR | 2.0% | 2.0% | N/A | 7.3% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29047 (Elloree, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $171,796 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 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 (4.8%). 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 29047
Population: 3,745
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 29047
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 948 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Elloree, SC?
Expect median prices around $172K in Elloree, SC. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What are rental rates like in Elloree, SC?
Average rent in Elloree, SC is approximately $1,053/mo per month. Against $172K home values that yields a reasonable rent-to-price ratio.
Is SC a landlord-friendly state?
The landlord environment in Elloree, SC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How does Elloree, SC stack up for property investment?
Elloree, SC comes in at an investability rating of 3.0/5, with median home values near $172K and average rents around $1,053/mo. That combination puts it in the sturdy tier for investor interest.
Is it easy to find good tenants in Elloree, SC?
Tenant demand in Elloree, SC is solid. The local workforce $1,053/mo rents across most rental classes.
You know 29047 now. You don’t know where it ranks.
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How 29047 ranks in Orangeburg, SC
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