Real Estate Investing in Great Falls, South Carolina (29055)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29055 (Great Falls, SC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 19.4% of homes vacant — above national norms.
- Elevated poverty: 20.5% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Great Falls, SC (29055)?
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Market Analysis: 29055 Great Falls
The 29055 ZIP in Great Falls, SC is a local-operator market. Outside capital chasing a $143K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $143K asset, 29055 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader SC picture, 29055 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 29055 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 29055 is an operator game, not a passive one. On balance, entry prices of $143K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Great Falls:
Market Trends
Home Value History (with trend line)
📊 How Does 29055 Compare?
| Metric | 29055 | Great Falls | South Carolina |
|---|---|---|---|
| Home Value | $143,190 | $143,190 | $299,690 |
| 5-Year CAGR | 9.0% | 9.0% | 7.3% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 5.7% | 5.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29055 (Great Falls, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $143,190 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 14.8% |
📈 Home Appreciation
| 1-Year | +12.4% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (5.7%). 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 29055
Population: 3,858
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 29055
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 1,101 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What investment strategy works best in Great Falls, SC?
The best-fit strategy in Great Falls, SC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How expensive is real estate in Great Falls, SC?
Typical homes in Great Falls, SC go for around $143K. The 5-year CAGR of 0.0% stable price movement.
What monthly rent should investors expect in Great Falls, SC?
Expect rents around $1,053/mo per month in Great Falls, SC. With home values at $143K, the yield math works out to reasonable levels for rental investors.
How viable is house hacking in Great Falls, SC?
House hacking works a challenging in Great Falls, SC. Rents of $1,053/mo against $143K acquisition make the strategy solid for owner-occupants.
Do landlords face vacancy issues in Great Falls, SC?
Vacancy in Great Falls, SC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,053/mo.
You know 29055 now. You don’t know where it ranks.
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