Real Estate Investing in Chesnee, South Carolina (29323)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29323 (Chesnee, SC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.3% vacancy may signal weakening demand.
What’s happening in Chesnee, SC (29323)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29323 Chesnee
From an investor standpoint, ZIP 29323 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $294K median. It rewards specialists, not generalists.
Put differently, the numbers look inviting — $294K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29323 is substantial and deserves full respect.
Statewide comparisons place 29323 among SC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 29323 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 29323 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Chesnee:
Property Strategy for 29323
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $164,185 | $1,090 | 4.8% | +10.3% | $82,093 |
| 3BR | $282,969 | $1,350 | 3.4% | +9.3% | $94,323 |
| 4BR | $396,119 | $1,470 | 2.7% | +8.8% | $99,030 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29323 Compare?
| Metric | 29323 | Chesnee | Spartanburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $293,975 | $293,975 | N/A | $299,690 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.3% |
| Avg Rent | $1,538 | $1,538 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 29323 (Chesnee, SC). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 29323 (Chesnee, SC)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $293,975 |
| Monthly Rent | $1,538 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +6.1% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (4.1%). 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 29323
Population: 15,087
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 29323
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 3,241 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Chesnee, SC?
Expect median prices around $294K in Chesnee, SC. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
What is the rental occupancy rate in Chesnee, SC?
Chesnee, SC carries elevated vacancy risk. Expect steady absorption at market rents of $1,538/mo.
Is Chesnee, SC a good market for buy-and-hold investors?
The 3.0/5 investability rating in Chesnee, SC reflects its $294K prices and $1,538/mo rents. Investors generally consider it a solid option within SC.
Is rental property easy to operate in Chesnee, SC?
For rental operators, Chesnee, SC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Can I live-in-and-rent in Chesnee, SC?
House hacking in Chesnee, SC is reasonable to execute. Prices around $294K and rents of $1,538/mo solid owner-occupant economics.
You know 29323 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29323 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 29323 ranks in Spartanburg, SC
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 29323 (Chesnee)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 29323 (Chesnee, SC).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.