Real Estate Investing in Saint Matthews, South Carolina (29135)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29135 (Saint Matthews, 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: 14.4% 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 Saint Matthews, SC (29135)?
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Market Analysis: 29135 Saint Matthews
ZIP 29135 inside Calhoun County looks affordable on the surface — median value of $177K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 29135 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Saint Matthews have seen price recovery that 29135 has not matched. Calhoun County data supports the view that the spread is structural rather than temporary.
The demographic picture in 29135 includes headwinds that any investor should price in. Income distribution skews lower than Saint Matthews averages, and tenant stability requires active management.
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 Saint Matthews:
Market Trends
Home Value History (with trend line)
📊 How Does 29135 Compare?
| Metric | 29135 | Saint Matthews | Columbia, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $176,520 | $176,520 | N/A | $299,690 |
| 5-Year CAGR | 2.2% | 2.2% | N/A | 7.3% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29135 (Saint Matthews, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $176,520 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | -0.4% ▼ |
| 5-Year CAGR | +2.2% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 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 29135
Population: 7,940
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 29135
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
What is the best play in Saint Matthews, SC?
Saint Matthews, SC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($177K prices, $1,053/mo rents) make it a reasonable choice.
Is it easy to find good tenants in Saint Matthews, SC?
The renter base in Saint Matthews, SC is reasonable for the $1,053/mo price point. Screening well and pricing to market typically yields steady tenants.
How much do tenants pay in Saint Matthews, SC?
Expect rents around $1,053/mo per month in Saint Matthews, SC. With home values at $177K, the yield math works out to reasonable levels for rental investors.
Is Saint Matthews, SC a good market for FHA house hackers?
Saint Matthews, SC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $177K price point reasonable to enter.
How expensive is real estate in Saint Matthews, SC?
Median home price in Saint Matthews, SC is near $177K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
You know 29135 now. You don’t know where it ranks.
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How 29135 ranks in Columbia, SC
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