Real Estate Investing in Lexington, South Carolina (29073)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29073 (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 (29073)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29073 Lexington
Looking more closely, ZIP 29073 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $261K median. It rewards specialists, not generalists.
From an investor standpoint, the numbers look inviting — $261K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29073 is substantial and deserves full respect.
Regionally, 29073 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.
Looking more closely, 51,471 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Lexington:
Property Strategy for 29073
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,290 | $1,170 | 5.1% | +8.2% | $82,645 |
| 3BR | $235,221 | $1,500 | 4.6% | +7.9% | $78,407 |
| 4BR | $293,073 | $1,800 | 4.4% | +6.8% | $73,268 |
| 5BR | $358,049 | — | — | +6.9% | $71,610 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29073 Compare?
| Metric | 29073 | Lexington | Columbia, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $260,536 | $314,244 | N/A | $299,690 |
| 5-Year CAGR | 5.8% | 5.7% | N/A | 7.3% |
| Avg Rent | $1,955 | $1,828 | N/A | - |
| Cap Rate | 5.9% | 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 29073 (Lexington, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $260,536 |
| Monthly Rent | $1,955 |
| Price-to-Rent | 11.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.0% |
| Cap Rate | 5.9% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | -4.1% ▼ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.9%). 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 29073
Population: 51,471
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 29073
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
Is SC a landlord-friendly state?
The landlord environment in Lexington, SC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What do rentals go for in Lexington, SC?
Average rent in Lexington, SC is approximately $1,955/mo per month. Against $261K home values that yields a reasonable rent-to-price ratio.
Is it easy to find good tenants in Lexington, SC?
The renter base in Lexington, SC is reasonable for the $1,955/mo price point. Screening well and pricing to market typically yields measured tenants.
Does house hacking work in Lexington, SC?
House hacking in Lexington, SC is reasonable to execute. Prices around $261K and rents of $1,955/mo solid owner-occupant economics.
How much does a house cost in Lexington, SC?
In Lexington, SC the median home value sits at $261K. Against the broader SC market, that reads as reasonable for most investors.
You know 29073 now. You don’t know where it ranks.
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How 29073 ranks in Columbia, SC
Every ZIP in this metro, ranked. Free.
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