Real Estate Investing in Lyman, South Carolina (29385)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29385 (Lyman, 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: 9.1% vacancy may signal weakening demand.
What’s happening in Lyman, SC (29385)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29385 Lyman
ZIP 29385 inside Spartanburg County looks affordable on the surface — median value of $281K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $281K asset, 29385 is the wrong submarket. If the plan prices in friction, the yield can still work.
In practical terms, 29385 offers a low basis, the region around Lyman has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A substantial renter share of 30% in 29385 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
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 Lyman:
Property Strategy for 29385
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $147,537 | $1,180 | 5.8% | +10.4% | $73,769 |
| 3BR | $257,245 | $1,430 | 4.0% | +8.9% | $85,748 |
| 4BR | $332,884 | $1,650 | 3.6% | +8.1% | $83,221 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29385 Compare?
| Metric | 29385 | Lyman | Spartanburg, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $281,284 | $295,464 | N/A | $299,690 |
| 5-Year CAGR | 6.7% | 6.2% | N/A | 7.3% |
| Avg Rent | $1,619 | $1,640 | N/A | - |
| Cap Rate | 4.5% | 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 29385 (Lyman, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $281,284 |
| Monthly Rent | $1,619 |
| Price-to-Rent | 14.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.9% |
| Cap Rate | 4.5% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (4.5%). 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 29385
Population: 7,809
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 29385
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
How strong are rents in Lyman, SC?
The typical rental in Lyman, SC commands about $1,619/mo monthly. That rent profile even-keeled cash flow against the $281K purchase basis.
How strict are landlord regulations in Lyman, SC?
Lyman, SC operates under SC law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
Is vacancy a concern in Lyman, SC?
Rental vacancy in Lyman, SC is elevated. Investors should budget normal turnover but not chronic empty units.
Which real estate strategy fits Lyman, SC?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lyman, SC. The numbers - $281K homes against $1,619/mo rents - support that play.
How does Lyman, SC rate as a rental market?
Lyman, SC rates 3.0/5 for investability. With median values at $281K and rents near $1,619/mo, the market offers reasonable fundamentals for rental investors.
You know 29385 now. You don’t know where it ranks.
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How 29385 ranks in Spartanburg, SC
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