Real Estate Investing in Pauline, South Carolina (29374)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29374 (Pauline, 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.
- Elevated vacancy: 10.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.3 — 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 Pauline, SC (29374)?
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Market Analysis: 29374 Pauline
Investors eyeing 29374 need to respect the fundamentals at play. Home values of $333K come alongside slower price movement and elevated management overhead.
From a cash-flow lens, the numbers look inviting — $333K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29374 is substantial and deserves full respect.
The gap between 29374 and stronger Pauline ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Put differently, 2,774 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Pauline:
Property Strategy for 29374
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $213,428 | $1,090 | 3.7% | +9.0% | $106,714 |
| 3BR | $318,537 | $1,350 | 3.1% | +9.1% | $106,179 |
Market Trends
Home Value History (with trend line)
📊 How Does 29374 Compare?
| Metric | 29374 | Pauline | Spartanburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $332,903 | $332,903 | N/A | $299,690 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 7.3% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 29374 (Pauline, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $332,903 |
| Monthly Rent | $981 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +6.3% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (2.3%). 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 29374
Population: 2,774
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 29374
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 835 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Pauline, SC a smart market for rental property?
Pauline, SC scores 3.0/5 for investability. Home values sit at $333K and rents near $981/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much should I expect to pay for a home in Pauline, SC?
Homes in Pauline, SC typically sell near $333K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Where do rents currently stand in Pauline, SC?
Average rent in Pauline, SC is approximately $981/mo per month. Against $333K home values that yields a reasonable rent-to-price ratio.
What is the typical renter like in Pauline, SC?
Pauline, SC draws a measured base of working renters. Demand at the $981/mo rent level is reasonable for standard single-family and small multi rentals.
What is the best play in Pauline, SC?
Most investors in Pauline, SC run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 29374 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29374 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 29374 ranks in Spartanburg, SC
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