Real Estate Investing in Hanahan, South Carolina (29410)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29410 (Hanahan, 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: 8.2% vacancy may signal weakening demand.
What’s happening in Hanahan, SC (29410)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29410 Hanahan
Investors eyeing 29410 need to respect the fundamentals at play. Home values of $417K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $417K asset, 29410 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Hanahan have seen price recovery that 29410 has not matched. Berkeley County data supports the view that the spread is structural rather than temporary.
The 29410 ZIP's population of 20,984 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The right play in 29410 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Hanahan:
Property Strategy for 29410
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $269,955 | $1,660 | 4.4% | +11.0% | $134,977 |
| 3BR | $387,003 | $2,060 | 3.8% | +8.7% | $129,001 |
| 4BR | $498,009 | $2,380 | 3.4% | +9.3% | $124,502 |
| 5BR | $599,193 | — | — | +9.7% | $119,839 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29410 Compare?
| Metric | 29410 | Hanahan | Charleston-North Charleston, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $416,998 | $416,998 | N/A | $299,690 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.3% |
| Avg Rent | $1,749 | $1,749 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 29410 (Hanahan, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $416,998 |
| Monthly Rent | $1,749 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 29410
Population: 20,984
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 29410
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Deer Park Middle
Malcolm C. Hursey Montessori
Matilda F. Dunston Elementary
A. C. Corcoran Elementary
Midland Park Primary
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 3,983 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Hanahan, SC?
Average rent in Hanahan, SC is approximately $1,749/mo per month. Against $417K home values that yields a reasonable rent-to-price ratio.
Are tenants stable in Hanahan, SC?
Hanahan, SC draws a steady base of working renters. Demand at the $1,749/mo rent level is reasonable for standard single-family and small multi rentals.
How expensive is real estate in Hanahan, SC?
Median home price in Hanahan, SC is near $417K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Is Hanahan, SC better for rentals, flips, or BRRRR?
Hanahan, SC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($417K prices, $1,749/mo rents) make it a reasonable choice.
How viable is house hacking in Hanahan, SC?
House hacking in Hanahan, SC is a challenging. With home values around $417K and rents at $1,749/mo, owner-occupants can offset a meaningful share of PITI.
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How 29410 ranks in Charleston-North Charleston, SC
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