Real Estate Investing in Orangeburg, South Carolina (29115)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29115 (Orangeburg, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 25.2% of homes vacant — above national norms.
- Elevated poverty: 23.9% poverty rate — can affect rent collection.
- Lower household income: $31,473 median — tenant affordability is tighter.
What’s happening in Orangeburg, SC (29115)?
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Market Analysis: 29115 Orangeburg
ZIP 29115 in Orangeburg, SC carries a impressive set of headwinds. Home values near $127K and rents of $1,016/mo sit inside a market where underwriting has to be tight.
The 29115 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 29115 sits on the difficult end of the SC spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 29115 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
appears to 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 Orangeburg:
Property Strategy for 29115
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $70,775 | $900 | 9.2% | +8.2% | $35,388 |
| 3BR | $131,845 | $1,080 | 5.9% | +6.6% | $43,948 |
| 4BR | $203,050 | $1,190 | 4.2% | +7.5% | $50,763 |
| 5BR | $181,753 | — | — | +6.5% | $36,351 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29115 Compare?
| Metric | 29115 | Orangeburg | Orangeburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $126,872 | $120,317 | N/A | $299,690 |
| 5-Year CAGR | 1.9% | 3.3% | N/A | 7.3% |
| Avg Rent | $1,016 | $1,207 | N/A | - |
| Cap Rate | 6.2% | 5.5% | - | - |
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 29115 (Orangeburg, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $126,872 |
| Monthly Rent | $1,016 |
| Price-to-Rent | 10.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.6% |
| Cap Rate | 6.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +4.6% ▲ |
🏠 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 (6.2%). 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 29115
Population: 27,179
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 29115
Schools in This ZIP Code
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Felton Laboratory Charter School
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 972 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How high is vacancy risk in Orangeburg, SC?
Orangeburg, SC carries elevated vacancy risk. Expect reliable absorption at market rents of $1,016/mo.
Are tenants stable in Orangeburg, SC?
Working renters make up the core of the Orangeburg, SC tenant base. The pool is reasonable for investors targeting long-term holds.
Is Orangeburg, SC landlord-friendly?
SC ranks as a landlord-friendly state for landlord-tenant law. Orangeburg generally follows the statewide framework, so landlords face reasonable operating rules.
Is Orangeburg, SC suited for a house hack?
The a challenging house-hack environment in Orangeburg, SC reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is housing expensive in Orangeburg, SC?
Orangeburg, SC home values average about $127K. That price point suits investors targeting rentals with $1,016/mo in monthly income.
You know 29115 now. You don’t know where it ranks.
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How 29115 ranks in Orangeburg, SC
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