Real Estate Investing in Lexington, South Carolina (29072)
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Should you buy in 29072 (Lexington, SC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Lexington, SC (29072)?
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Market Analysis: 29072 Lexington
Investors eyeing 29072 need to respect the fundamentals at play. Home values of $368K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $368K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29072 is substantial and deserves full respect.
The gap between 29072 and stronger Lexington ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 29072 includes headwinds that any investor should price in. Income distribution skews lower than Lexington averages, and tenant stability requires active management.
The 29072 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 Lexington:
Property Strategy for 29072
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $203,119 | $1,430 | 5.1% | +9.0% | $101,559 |
| 3BR | $301,715 | $1,820 | 4.3% | +7.7% | $100,572 |
| 4BR | $409,392 | $2,140 | 3.8% | +7.6% | $102,348 |
| 5BR | $508,159 | — | — | +8.0% | $101,632 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29072 Compare?
| Metric | 29072 | Lexington | Columbia, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $367,952 | $314,244 | N/A | $299,690 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 7.3% |
| Avg Rent | $1,701 | $1,828 | N/A | - |
| Cap Rate | 3.6% | 4.7% | - | - |
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 29072 (Lexington, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $367,952 |
| Monthly Rent | $1,701 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 Rent Trends
| 1-Year | -0.8% ▼ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +4.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 29072
Population: 68,389
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 29072
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 1,702 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Lexington, SC?
Lexington, SC rates 3.0/5 for investability. With median values at $368K and rents near $1,701/mo, the market offers reasonable fundamentals for rental investors.
What is the typical renter like in Lexington, SC?
Expect a solid tenant pool in Lexington, SC. The rental market absorbs $1,701/mo rents without meaningful friction.
What is the best play in Lexington, SC?
Investors usually favor careful cash-flow rentals with hands-on management in Lexington, SC. With home values at $368K and rents near $1,701/mo, other strategies can work but produce predictable rather than outsized returns.
How much does a house cost in Lexington, SC?
Lexington, SC home values average about $368K. That price point suits investors targeting rentals with $1,701/mo in monthly income.
What do rentals go for in Lexington, SC?
Expect rents around $1,701/mo per month in Lexington, SC. With home values at $368K, the yield math works out to reasonable levels for rental investors.
You know 29072 now. You don’t know where it ranks.
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How 29072 ranks in Columbia, SC
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