Real Estate Investing in Newberry, South Carolina (29108)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29108 (Newberry, 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: 16.5% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.6% CAGR).
What’s happening in Newberry, SC (29108)?
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Market Analysis: 29108 Newberry
Investors eyeing 29108 need to respect the fundamentals at play. Home values of $176K come alongside slower price movement and elevated management overhead.
The 29108 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Put differently, 29108 offers a low basis, the region around Newberry has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 29108 ZIP's population of 19,871 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The 29108 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 Newberry:
Property Strategy for 29108
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $128,801 | $1,010 | 5.6% | +6.6% | $64,401 |
| 3BR | $203,002 | $1,210 | 4.3% | +7.1% | $67,667 |
| 4BR | $287,906 | $1,380 | 3.5% | +7.9% | $71,976 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29108 Compare?
| Metric | 29108 | Newberry | Newberry, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $176,066 | $176,066 | N/A | $299,690 |
| 5-Year CAGR | 0.6% | 0.6% | N/A | 7.3% |
| Avg Rent | $1,283 | $1,283 | N/A | - |
| 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 29108 (Newberry, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $176,066 |
| Monthly Rent | $1,283 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +6.0% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +0.6% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 29108
Population: 19,871
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 29108
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 real estate in Newberry, SC a good investment right now?
Newberry, SC rates 3.0/5 for investability. With median values at $176K and rents near $1,283/mo, the market offers reasonable fundamentals for rental investors.
How much do tenants pay in Newberry, SC?
Rent in Newberry, SC is around $1,283/mo. The resulting rent-to-value relationship with $176K pricing is reasonable for most investor models.
What is the typical vacancy rate in Newberry, SC?
Newberry, SC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How strong is tenant demand in Newberry, SC?
Newberry, SC draws a predictable base of working renters. Demand at the $1,283/mo rent level is reasonable for standard single-family and small multi rentals.
What approach is best for Newberry, SC real estate?
The best-fit strategy in Newberry, SC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 29108 now. You don’t know where it ranks.
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How 29108 ranks in Newberry, SC
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