Real Estate Investing in Laurens, South Carolina (29360)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29360 (Laurens, 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: 13.6% of homes vacant — above national norms.
- Declining values: -0.1% 5-year CAGR — values have moved lower.
What’s happening in Laurens, SC (29360)?
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Market Analysis: 29360 Laurens
ZIP 29360 in Laurens, SC carries a notable set of headwinds. Home values near $186K and rents of $1,090/mo sit inside a market where underwriting has to be tight.
From a cash-flow lens, the numbers look inviting — $186K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29360 is substantial and deserves full respect.
The gap between 29360 and stronger Laurens ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 29360 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 29360 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Laurens:
Property Strategy for 29360
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $132,958 | $1,090 | 5.9% | +8.5% | $66,479 |
| 3BR | $215,395 | $1,310 | 4.4% | +8.6% | $71,798 |
| 4BR | $289,457 | $1,560 | 3.9% | +7.3% | $72,364 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29360 Compare?
| Metric | 29360 | Laurens | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $186,067 | $186,067 | N/A | $299,690 |
| 5-Year CAGR | N/A | N/A | N/A | 7.3% |
| Avg Rent | $1,090 | $1,090 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29360 (Laurens, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $186,067 |
| Monthly Rent | $1,090 |
| Price-to-Rent | 14.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 4.5% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | -3.9% ▼ |
| 5-Year CAGR | -0.1% ▼ |
| 10-Year CAGR | +3.4% ▲ |
🏠 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 (4.6%). 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 29360
Population: 22,066
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 29360
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
Is Laurens, SC a good place for real estate investing?
Laurens, SC comes in at an investability rating of 3.0/5, with median home values near $186K and average rents around $1,090/mo. That combination puts it in the resilient tier for investor interest.
What kind of vacancy should I budget for in Laurens, SC?
Occupancy in Laurens, SC runs stable with elevated vacancy. Well-priced units at $1,090/mo lease on reasonable timelines.
What is the best play in Laurens, SC?
For Laurens, SC, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How landlord-friendly is Laurens, SC?
The landlord environment in Laurens, SC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are rents high in Laurens, SC?
Laurens, SC rentals go for roughly $1,090/mo a month. That puts gross yield in solid territory relative to $186K acquisition costs.
You know 29360 now. You don’t know where it ranks.
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