Real Estate Investing in Landrum, South Carolina (29356)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29356 (Landrum, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.0 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Landrum, SC (29356)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29356 Landrum
On balance, ZIP 29356 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $319K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 29356 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Turning to rents, 29356 offers a low basis, the region around Landrum has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 29356 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 29356 is an operator game, not a passive one. On the rental side, entry prices of $319K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Landrum:
Property Strategy for 29356
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $197,595 | $1,070 | 3.9% | +8.7% | $197,595 |
| 2BR | $227,519 | $1,180 | 3.7% | +9.2% | $113,759 |
| 3BR | $345,195 | $1,440 | 3.0% | +9.2% | $115,065 |
| 4BR | $672,635 | $1,720 | 1.8% | +10.9% | $168,159 |
| 5BR | $940,629 | — | — | +11.9% | $188,126 |
Market Trends
Home Value History (with trend line)
📊 How Does 29356 Compare?
| Metric | 29356 | Landrum | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $318,822 | $318,822 | N/A | $299,690 |
| 5-Year CAGR | 3.7% | 3.7% | N/A | 7.3% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29356 (Landrum, SC). Anonymous, moderated, never written by AI.
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Property managers serving Greenville County
Manage rentals here? List your business →Carolina Moves Property Management offers flat fee property management services in Greenville's Upstate for homeowners, landlords, and tenants, including HOA management. summary from their website
Magnolia Rental Property Management provides trusted property management throughout Upstate, SC, offering residential and multi-family services including marketing, tenant screening, and rent collecti summary from their website
ABOVE Property Management offers reliable property management services in Greenville, Spartanburg, and Upstate South Carolina for various rental opportunities. 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 | $318,822 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 25.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.6%). 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 29356
Population: 8,782
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 29356
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 1,128 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Landrum, SC for real estate investors?
Investors tracking Landrum, SC will find a 3.0/5 rating supported by $319K median home values and $1,062/mo rents. That profile suits long-term holders targeting stable returns.
What approach is best for Landrum, SC real estate?
Landrum, SC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($319K prices, $1,062/mo rents) make it a reasonable choice.
Does house hacking make sense in Landrum, SC?
For house hackers, Landrum, SC is a challenging. The $1,062/mo rent on a unit helps defray the mortgage on a $319K property.
What are home prices like in Landrum, SC?
Homes in Landrum, SC typically sell near $319K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Do rentals sit vacant long in Landrum, SC?
Occupancy in Landrum, SC runs predictable with elevated vacancy. Well-priced units at $1,062/mo lease on reasonable timelines.
You know 29356 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29356 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 29356 ranks in Greenville-Anderson, SC
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