Real Estate Investing in Enoree, South Carolina (29335)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29335 (Enoree, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.3% 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 Enoree, SC (29335)?
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Market Analysis: 29335 Enoree
Investors eyeing 29335 need to respect the fundamentals at play. Home values of $207K come alongside slower price movement and elevated management overhead.
Rent of $981/mo on a $207K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 29335 sits below the stated 0.0% once reality is priced in.
ZIP 29335's metrics run below Spartanburg County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 29335 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Enoree's stable or hybrid ZIPs before stepping into 29335. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Enoree:
Property Strategy for 29335
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $123,390 | $1,090 | 6.4% | +5.1% | $61,695 |
| 3BR | $209,668 | $1,350 | 4.6% | +7.9% | $69,889 |
Market Trends
Home Value History (with trend line)
📊 How Does 29335 Compare?
| Metric | 29335 | Enoree | Spartanburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $207,068 | $207,068 | N/A | $299,690 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 7.3% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29335 (Enoree, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,068 |
| Monthly Rent | $981 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.7%). 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 29335
Population: 5,751
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 29335
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
How do landlord-tenant laws work in Enoree, SC?
SC ranks as a landlord-friendly state for landlord-tenant law. Enoree generally follows the statewide framework, so landlords face reasonable operating rules.
What approach is best for Enoree, SC real estate?
The best-fit strategy in Enoree, SC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the tenant pool like in Enoree, SC?
The tenant pool in Enoree, SC is solid, supported by local employment and population fundamentals. Rents of $981/mo are well-absorbed by the market.
Is house hacking profitable in Enoree, SC?
House hacking in Enoree, SC is reasonable to execute. Prices around $207K and rents of $981/mo solid owner-occupant economics.
Is housing expensive in Enoree, SC?
Enoree, SC home values average about $207K. That price point suits investors targeting rentals with $981/mo in monthly income.
You know 29335 now. You don’t know where it ranks.
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How 29335 ranks in Spartanburg, SC
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