Real Estate Investing in Orangeburg, South Carolina (29118)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29118 (Orangeburg, SC)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
What’s happening in Orangeburg, SC (29118)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29118 Orangeburg
Not every below-median market is a bargain. Orangeburg's 29118 ZIP sits at signals that favor experienced operators who can absorb the risk $234K pricing implies.
For an experienced owner, 29118 can be a an appealing option for hunting ground — but the discount at $234K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 29118 among SC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 29118 ZIP's population of 15,676 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
New investors are better served looking at Orangeburg's stable or hybrid ZIPs before stepping into 29118. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Orangeburg:
Property Strategy for 29118
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,492 | $1,170 | 7.0% | +8.1% | $60,246 |
| 3BR | $217,707 | $1,500 | 5.0% | +8.1% | $72,569 |
| 4BR | $299,049 | $1,800 | 4.3% | +7.2% | $74,762 |
| 5BR | $397,186 | — | — | +6.8% | $79,437 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29118 Compare?
| Metric | 29118 | Orangeburg | Orangeburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $234,079 | $120,317 | N/A | $299,690 |
| 5-Year CAGR | 4.8% | 3.3% | N/A | 7.3% |
| Avg Rent | $1,399 | $1,207 | N/A | - |
| Cap Rate | 4.7% | 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 29118 (Orangeburg, SC). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 29118 (Orangeburg, SC)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $234,079 |
| Monthly Rent | $1,399 |
| Price-to-Rent | 13.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (4.7%). 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 29118
Population: 15,676
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 29118
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 972 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Orangeburg, SC for real estate investors?
Orangeburg, SC rates 3.0/5 for investability. With median values at $234K and rents near $1,399/mo, the market offers reasonable fundamentals for rental investors.
How much rent can I charge in Orangeburg, SC?
Rents in Orangeburg, SC run near $1,399/mo. Compared with median home prices of $234K that produces solid gross yields for typical rentals.
Do rentals sit vacant long in Orangeburg, SC?
Expect elevated vacancy in Orangeburg, SC. Rents at $1,399/mo are absorbed by the tenant base without meaningful lag.
How do experienced investors play Orangeburg, SC?
The best-fit strategy in Orangeburg, SC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Orangeburg, SC landlord-friendly?
SC law landlord-friendly for landlords, and Orangeburg inherits those rules. Investors should still review local ordinances for rental licensing.
You know 29118 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29118 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 29118 ranks in Orangeburg, SC
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 29118 (Orangeburg)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 29118 (Orangeburg, SC).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.