Real Estate Investing in Hopkins, South Carolina (29061)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29061 (Hopkins, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.5% of homes vacant — above national norms.
What’s happening in Hopkins, SC (29061)?
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Market Analysis: 29061 Hopkins
The 29061 ZIP covers a section of Hopkins that demands careful diligence. Prices near $197K look accessible, but the work to make a deal cash flow is real.
Looking more closely, the numbers look inviting — $197K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29061 is substantial and deserves full respect.
In practical terms, 29061 offers a low basis, the region around Hopkins has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 29061 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 29061 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 Hopkins:
Property Strategy for 29061
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $107,766 | $1,460 | 9.8% | +11.1% | $53,883 |
| 3BR | $194,671 | $1,860 | 6.9% | +8.3% | $64,890 |
| 4BR | $265,608 | $2,190 | 5.9% | +7.9% | $66,402 |
| 5BR | $302,443 | — | — | +8.1% | $60,489 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29061 Compare?
| Metric | 29061 | Hopkins | Columbia, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $196,993 | $196,993 | N/A | $299,690 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.3% |
| Avg Rent | $1,635 | $1,635 | N/A | - |
| Cap Rate | 6.5% | 6.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29061 (Hopkins, SC). Anonymous, moderated, never written by AI.
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Property managers serving Richland County
Manage rentals here? List your business →Columbia Property Management offers consistent, first-class service for apartments and rentals in Columbia, SC, focusing on real estate management. summary from their website
CAMS Community Association Management Services provides management and financial services for community associations, offering support for homeowners and board members. summary from their website
Chevelle Property Management, LLC is located at 7803 St Andrews Rd, Irmo, South Carolina. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $196,993 |
| Monthly Rent | $1,635 |
| Price-to-Rent | 10.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.0% |
| Cap Rate | 6.5% |
| 5-Year IRR | 13.0% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 Rent Trends
| 1-Year | -12.1% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.5%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 29061
Population: 12,875
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 29061
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
Frequently Asked Questions
Is Hopkins, SC landlord-friendly?
Rental owners in Hopkins, SC deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Can I house hack in Hopkins, SC?
For house hackers, Hopkins, SC is a challenging. The $1,635/mo rent on a unit helps defray the mortgage on a $197K property.
How do home values compare in Hopkins, SC?
Hopkins, SC median home values land near $197K. That is reasonable territory for investors looking at $1,635/mo-per-month rentals.
How strong are rents in Hopkins, SC?
Rents in Hopkins, SC run near $1,635/mo. Compared with median home prices of $197K that produces solid gross yields for typical rentals.
What is the renter demographic in Hopkins, SC?
The tenant pool in Hopkins, SC is solid, supported by local employment and population fundamentals. Rents of $1,635/mo are well-absorbed by the market.
You know 29061 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29061 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 29061 ranks in Columbia, SC
Every ZIP in this metro, ranked. Free.
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