Real Estate Investing in Pelion, South Carolina (29123)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29123 (Pelion, 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: 12.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pelion, SC (29123)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29123 Pelion
ZIP 29123 in Pelion, SC carries a significant set of headwinds. Home values near $154K and rents of $1,053/mo sit inside a market where underwriting has to be tight.
The investment case in 29123 is substantial only for operators who understand what they are buying. A $154K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within SC, ZIP 29123 trails on several market indicators that neighboring Lexington County submarkets outperform. The gap is real and substantial enough to shape underwriting.
On balance, 8,024 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.
Strategically, 29123 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Pelion:
Property Strategy for 29123
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $105,396 | $1,170 | 8.0% | +6.8% | $52,698 |
| 3BR | $150,258 | $1,500 | 7.2% | +7.1% | $50,086 |
| 4BR | $202,000 | $1,800 | 6.4% | +7.5% | $50,500 |
Market Trends
Home Value History (with trend line)
📊 How Does 29123 Compare?
| Metric | 29123 | Pelion | Columbia, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $154,236 | $154,236 | N/A | $299,690 |
| 5-Year CAGR | 2.0% | 2.0% | N/A | 7.3% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 5.3% | 5.3% | - | - |
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 29123 (Pelion, SC). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 29123 (Pelion, SC)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $154,236 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +15.0% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (5.3%). 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 29123
Population: 8,024
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 29123
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.
Frequently Asked Questions
Is housing expensive in Pelion, SC?
Pelion, SC home values average about $154K. That price point suits investors targeting rentals with $1,053/mo in monthly income.
How strong is Pelion, SC for real estate investors?
Pelion, SC scores 3.0/5 for investability. Home values sit at $154K and rents near $1,053/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is the tenant base reliable in Pelion, SC?
The renter base in Pelion, SC is reasonable for the $1,053/mo price point. Screening well and pricing to market typically yields consistent tenants.
What type of investing works in Pelion, SC?
A careful cash-flow rentals with hands-on management strategy Pelion, SC best. The market produces measured results for that approach at the $154K price point.
Does Pelion, SC favor landlords or tenants?
Pelion, SC operates under SC law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
You know 29123 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29123 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 29123 ranks in Columbia, SC
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 29123 (Pelion)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 29123 (Pelion, SC).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.