Real Estate Investing in Lyman, South Carolina (29365)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29365 (Lyman, 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 Lyman, SC (29365)?
Click any question — our AI will research it live from the web and show you sources.
Local Pulse Report
AI-researched developments and news for Lyman, SC (29365). Updated on demand as visitors ask.
Growth & development in Lyman, SC (29365) Updated 95 days ago
Opportunities
- Lowes Foods will convert an existing Kj's Market at 12189 West Greenville Highway into a full-service grocery store, with construction starting in early 2026. — This provides residents with an expanded grocery option and retains existing jobs. Lowes Foods Announcement
- The Fort Prince Industrial Park, a 753-acre development, is being master-planned in Lyman to attract manufacturing and industrial businesses. — This development aims to bring new employers and job opportunities to the area. Montgomery Development Group
- Numerous new construction home communities are available in Lyman, with hundreds of homes under construction or move-in ready. — This expands housing choices for residents and accommodates population growth. Various Real Estate Sites
- The Lyman Livability Connections Phase III project, a 10-foot-wide rail-trail, is anticipated to begin construction in late summer 2021. — This project enhances recreational opportunities and provides alternative transportation. SCDOT Public Comment Projects
Concerns
- Univar Solution USA, LLC in Spartanburg is laying off 99 workers by June 28, 2026. — This reduces local employment opportunities for nearly 100 individuals. The State
- Thyssenkrupp Supply Chain Services, Inc. in Spartanburg is laying off 110 workers by July 5, 2026. — This results in job losses for over 100 individuals in the nearby area. The State
- Saddle Creek Logistics Services in Duncan closed operations, laying off 130 people in March 2026. — This closure led to a significant number of job losses in a nearby community. The State
Local news & events in Lyman, SC (29365) Updated 95 days ago
Opportunities
- Lyman's overall crime rate has decreased by 26.7% year-over-year, with violent crime down 6.7% and property crime down 30.7%. — Lower crime rates enhance safety and security, expanding residents' freedom and peace of mind. AreaVibes
- The Town of Lyman applied for a Brownfields Grant in February 2026 to assist with the redevelopment of the former mill site. — Redevelopment of the mill site could bring new life, housing, or storefronts, expanding local opportunities. Town of Lyman, SC
- Lyman hosts various community events, including summer movie nights and municipal court sessions. — These events provide opportunities for community engagement and local entertainment. Town of Lyman, SC
- The unemployment rate in Lyman is 2.4%, well below the national average, indicating a robust local economy. — Low unemployment expands job opportunities and promotes financial well-being for residents. AreaVibes
Concerns
- A mixed-use redevelopment project on Groce Road faced roadblocks and is now for sale, disappointing some residents. — The stalled project restricts potential new businesses and amenities for the community. Reddit
- Traffic congestion, particularly at the intersection of 129 and 29, is a concern for residents, though improvements are planned. — Traffic issues can increase commute times and reduce ease of travel for residents. Reddit
- Spartanburg County deputies warned residents about a string of car break-ins in a nearby neighborhood in May 2026, with at least one gun stolen. — Car break-ins and stolen firearms increase safety concerns and potential for further crime. YouTube (FOX Carolina)
- South Carolina has failed to pass meaningful legislation to protect wetlands after a Supreme Court decision, leaving millions of acres at risk. — Loss of wetland protections can increase flood risk and environmental degradation, imposing costs on communities. AP News
Civic & policy in Lyman, SC (29365) Updated 95 days ago
Opportunities
- On March 30, 2026, Governor Henry McMaster signed H. 4216 into law, modifying South Carolina's individual income tax rates, effective for the 2026 tax year. — This state-level tax reform aims to reduce the tax burden on residents by simplifying the income tax structure and providing a path for future reductions. SC Dept. of Revenue
- David Petty was elected Mayor of Lyman in November 2025, and Cindy Behm earned a seat on the Town Council. — New leadership can bring fresh perspectives and priorities to local governance, potentially leading to new initiatives that benefit residents. greernews.com
- The Town of Lyman's Zoning Ordinance was most recently revised on June 10, 2024, and Land Development Regulations were also updated. — Updated zoning and land development regulations can help ensure responsible growth and development that aligns with community goals. Town of Lyman, SC
Concerns
- H. 4216, the state income tax reform, will initially result in a $309 million revenue loss in 2026 for South Carolina, and some analyses suggest it could disproportionately benefit wealthier residents. — Reduced state revenue could impact funding for public services, and the tax changes may not equally benefit all income brackets. Americans for Tax Reform
- An ordinance amending the Town of Lyman's business license rate schedule eliminated declining rates for businesses starting January 1, 2024. — This change could potentially increase the cost of doing business for some local enterprises, which might be passed on to consumers or affect business viability. Town of Lyman, SC
- Spartanburg County Council decided in February 2026 not to approve a tax incentive for "Project Spero," a proposed AI data center, due to public pushback. — While addressing public concerns about energy and water, this decision might deter large-scale economic development projects and associated job creation in the county. FOX Carolina
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
Here's what matters if you're considering buying a home in Lyman:
Property Strategy for 29365
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $198,096 | $1,480 | 5.4% | +8.5% | $99,048 |
| 3BR | $289,270 | $1,790 | 4.5% | +8.3% | $96,423 |
| 4BR | $334,188 | $2,070 | 4.5% | +7.9% | $83,547 |
| 5BR | $379,335 | — | — | +7.6% | $75,867 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29365 Compare?
| Metric | 29365 | Lyman | Spartanburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $309,644 | $295,464 | N/A | $299,690 |
| 5-Year CAGR | 5.7% | 6.2% | N/A | 7.3% |
| Avg Rent | $1,661 | $1,640 | N/A | - |
| Cap Rate | 4.2% | 4.3% | - | - |
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 29365 (Lyman, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $309,644 |
| Monthly Rent | $1,661 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | +12.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). 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 29365
Population: 14,566
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 29365
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 2,510 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical vacancy rate in Lyman, SC?
Lyman, SC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the typical rental rate in Lyman, SC?
Investors in Lyman, SC typically see rents near $1,661/mo per month against $310K home values - a solid setup for rental cash flow.
How landlord-friendly is Lyman, SC?
The landlord environment in Lyman, SC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Can owner-occupants cash flow in Lyman, SC?
Lyman, SC offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,661/mo rent level.
Does Lyman, SC make sense for an investment property?
The 3.0/5 investability rating in Lyman, SC reflects its $310K prices and $1,661/mo rents. Investors generally consider it a solid option within SC.
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How 29365 ranks in Spartanburg, SC
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