Real Estate Investing in Springfield, South Carolina (29146)
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Should you buy in 29146 (Springfield, 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: 18.0% of homes vacant — above national norms.
- Declining values: -1.4% 5-year CAGR — values have moved lower.
- Lower household income: $32,279 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Springfield, SC (29146)?
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Market Analysis: 29146 Springfield
ZIP 29146 in Springfield, SC carries a notable set of headwinds. Home values near $98K and rents of $873/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 29146 can be a worth a close look for hunting ground — but the discount at $98K reflects genuine risk that outside investors often underestimate.
Regionally, 29146 sits on the difficult end of the SC spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 29146 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 29146 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Springfield:
Market Trends
Home Value History (with trend line)
📊 How Does 29146 Compare?
| Metric | 29146 | Springfield | Orangeburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $98,287 | $98,287 | N/A | $299,690 |
| 5-Year CAGR | N/A | N/A | N/A | 7.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 6.9% | 6.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29146 (Springfield, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $98,287 |
| Monthly Rent | $873 |
| Price-to-Rent | 9.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.7% |
| Cap Rate | 6.9% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | -0.9% ▼ |
| 5-Year CAGR | -1.4% ▼ |
| 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%) is close to the estimated cap rate (6.9%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 29146
Population: 1,295
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
Frequently Asked Questions
Is real estate in Springfield, SC a good investment right now?
Investors tracking Springfield, SC will find a 3.0/5 rating supported by $98K median home values and $873/mo rents. That profile suits long-term holders targeting consistent returns.
What kind of tenants rent in Springfield, SC?
Tenant demand in Springfield, SC is solid. The local workforce $873/mo rents across most rental classes.
What is the average monthly rent in Springfield, SC?
The typical rental in Springfield, SC commands about $873/mo monthly. That rent profile predictable cash flow against the $98K purchase basis.
Which investment style suits Springfield, SC?
Most investors in Springfield, SC run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Do landlords face vacancy issues in Springfield, SC?
Springfield, SC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 29146 now. You don’t know where it ranks.
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How 29146 ranks in Orangeburg, SC
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