Real Estate Investing in Mount Pleasant, South Carolina (29464)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29464 (Mount Pleasant, 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: 10.4% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 32.9 — hard to cash-flow at these prices.
What’s happening in Mount Pleasant, SC (29464)?
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Market Analysis: 29464 Mount Pleasant
Investors eyeing 29464 need to respect the fundamentals at play. Home values of $944K come alongside slower price movement and elevated management overhead.
From an investor standpoint, the numbers look inviting — $944K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29464 is substantial and deserves full respect.
In the broader SC picture, 29464 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 29464 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. healthy returns are possible in 29464, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Mount Pleasant:
Property Strategy for 29464
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $318,894 | $2,310 | 5.2% | +10.0% | $318,894 |
| 2BR | $420,032 | $2,530 | 4.3% | +10.4% | $210,016 |
| 3BR | $794,146 | $3,150 | 2.9% | +12.1% | $264,715 |
| 4BR | $1,280,582 | $3,630 | 2.0% | +13.9% | $320,145 |
| 5BR | $2,027,116 | — | — | +15.4% | $405,423 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29464 Compare?
| Metric | 29464 | Mount Pleasant | Charleston-North Charleston, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $944,250 | $894,198 | N/A | $299,690 |
| 5-Year CAGR | 9.5% | 8.9% | N/A | 7.3% |
| Avg Rent | $2,389 | $2,549 | N/A | - |
| Cap Rate | 2.0% | 2.2% | - | - |
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 29464 (Mount Pleasant, 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 | $944,250 |
| Monthly Rent | $2,389 |
| Price-to-Rent | 32.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +9.5% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +5.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). 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 29464
Population: 51,758
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 29464
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 527 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Mount Pleasant, SC make sense for an investment property?
Mount Pleasant, SC rates 3.0/5 for investability. With median values at $944K and rents near $2,389/mo, the market offers reasonable fundamentals for rental investors.
What is the average monthly rent in Mount Pleasant, SC?
Mount Pleasant, SC rentals go for roughly $2,389/mo a month. That puts gross yield in solid territory relative to $944K acquisition costs.
How deep is the rental pool in Mount Pleasant, SC?
The renter base in Mount Pleasant, SC is reasonable for the $2,389/mo price point. Screening well and pricing to market typically yields predictable tenants.
Should investors worry about vacancy in Mount Pleasant, SC?
Occupancy in Mount Pleasant, SC runs reliable with elevated vacancy. Well-priced units at $2,389/mo lease on reasonable timelines.
Is Mount Pleasant, SC suited for a house hack?
House hacking in Mount Pleasant, SC is a challenging. With home values around $944K and rents at $2,389/mo, owner-occupants can offset a meaningful share of PITI.
You know 29464 now. You don’t know where it ranks.
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How 29464 ranks in Charleston-North Charleston, SC
Every ZIP in this metro, ranked. Free.
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