Real Estate Investing in Irmo, South Carolina (29063)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29063 (Irmo, SC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Irmo, SC (29063)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29063 Irmo
ZIP 29063 inside Richland County looks affordable on the surface — median value of $277K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,815/mo on a $277K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 29063 sits below the stated 0.0% once reality is priced in.
The gap between 29063 and stronger Irmo ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 29063 includes headwinds that any investor should price in. Income distribution skews lower than Irmo averages, and tenant stability requires active management.
The 29063 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Irmo:
Property Strategy for 29063
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $213,682 | $1,730 | 5.8% | +8.6% | $106,841 |
| 3BR | $235,342 | $2,200 | 6.7% | +8.2% | $78,447 |
| 4BR | $344,949 | $2,590 | 5.4% | +7.6% | $86,237 |
| 5BR | $475,664 | — | — | +7.6% | $95,133 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29063 Compare?
| Metric | 29063 | Irmo | Columbia, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $277,346 | $277,346 | N/A | $299,690 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 7.3% |
| Avg Rent | $1,815 | $1,815 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29063 (Irmo, SC). Anonymous, moderated, never written by AI.
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Property managers serving Richland County
Manage rentals here? List your business →Columbia Property Management offers consistent, first-class service for apartments and rentals in Columbia, SC, focusing on real estate management. summary from their website
CAMS Community Association Management Services provides management and financial services for community associations, offering support for homeowners and board members. summary from their website
Chevelle Property Management, LLC is located at 7803 St Andrews Rd, Irmo, South Carolina. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $277,346 |
| Monthly Rent | $1,815 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). 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 29063
Population: 38,475
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 29063
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
Frequently Asked Questions
What is the best play in Irmo, SC?
In Irmo, SC the solid play is typically careful cash-flow rentals with hands-on management. The combination of $277K prices and $1,815/mo rents suits that approach.
What are rental rates like in Irmo, SC?
The typical rental in Irmo, SC commands about $1,815/mo monthly. That rent profile predictable cash flow against the $277K purchase basis.
Do landlords face vacancy issues in Irmo, SC?
Vacancy risk in Irmo, SC is elevated. That supports stable cash flow for typical rental holds.
What is the renter demographic in Irmo, SC?
Irmo, SC draws a consistent base of working renters. Demand at the $1,815/mo rent level is reasonable for standard single-family and small multi rentals.
How strict are landlord regulations in Irmo, SC?
The landlord environment in Irmo, SC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 29063 now. You don’t know where it ranks.
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How 29063 ranks in Columbia, SC
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