Real Estate Investing in Folly Beach, South Carolina (29439)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29439 (Folly Beach, SC)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 73.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 41.3 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Folly Beach, SC (29439)?
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Market Analysis: 29439 Folly Beach
ZIP 29439 in Folly Beach, SC carries a impressive set of headwinds. Home values near $1.1M and rents of $2,277/mo sit inside a market where underwriting has to be tight.
Rent of $2,277/mo on a $1.1M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 29439 sits below the stated 0.0% once reality is priced in.
ZIP 29439's metrics run below Charleston County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 29439 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 29439 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Folly Beach:
Property Strategy for 29439
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $702,641 | $2,530 | 2.6% | +10.4% | $351,321 |
| 3BR | $1,010,825 | $3,150 | 2.2% | +11.9% | $336,942 |
| 4BR | $1,550,872 | $3,630 | 1.7% | +11.8% | $387,718 |
| 5BR | $2,069,547 | — | — | +13.4% | $413,909 |
Market Trends
Home Value History (with trend line)
📊 How Does 29439 Compare?
| Metric | 29439 | Folly Beach | Charleston-North Charleston, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $1,129,227 | $1,129,227 | N/A | $299,690 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.3% |
| Avg Rent | $2,277 | $2,277 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
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 29439 (Folly Beach, SC). Anonymous, moderated, never written by AI.
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Property managers serving Charleston County
Manage rentals here? List your business →Above and Beyond Property Services is a boutique residential property management company serving Kiawah and Seabrook Island. summary from their website
Charleston Global Property Services acts as a concierge for real estate, opening doors others can't. summary from their website
CREC Property Management offers expert property management services in Charleston. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,129,227 |
| Monthly Rent | $2,277 |
| Price-to-Rent | 41.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | -0.8% ▼ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (1.6%). 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 29439
Population: 869
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
🎓 Nearby Colleges & Universities
Investor Insight: With 527 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Folly Beach, SC?
Typical homes in Folly Beach, SC go for around $1.1M. The 5-year CAGR of 0.0% steady price movement.
What is the average monthly rent in Folly Beach, SC?
Rental rates in Folly Beach, SC average $2,277/mo. Tenant demand and $1.1M home values make the yield look reasonable by investor standards.
How landlord-friendly is Folly Beach, SC?
For rental operators, Folly Beach, SC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Folly Beach, SC a good market for buy-and-hold investors?
The 3.0/5 investability rating in Folly Beach, SC reflects its $1.1M prices and $2,277/mo rents. Investors generally consider it a solid option within SC.
How strong is the working-renter base in Folly Beach, SC?
Working renters make up the core of the Folly Beach, SC tenant base. The pool is reasonable for investors targeting long-term holds.
You know 29439 now. You don’t know where it ranks.
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How 29439 ranks in Charleston-North Charleston, SC
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