Real Estate Investing in Sullivans Island, South Carolina (29482)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29482 (Sullivans Island, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
An appreciation play — values grow, but cash flow is thin. Best for long-hold investors comfortable with paper gains over monthly income.
- High vacancy: 22.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 165.0 — 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 Sullivans Island, SC (29482)?
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Market Analysis: 29482 Sullivans Island
ZIP 29482 in Sullivans Island, SC carries a robust set of headwinds. Home values near $4.5M and rents of $2,286/mo sit inside a market where underwriting has to be tight.
In practical terms, the numbers look inviting — $4.5M purchase price, 0.0% nominal cap — the work to hit that pro forma in 29482 is substantial and deserves full respect.
Statewide comparisons place 29482 among SC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From a cash-flow lens, 2,127 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.
Strategically, 29482 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Sullivans Island:
Property Strategy for 29482
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $3,160,476 | $3,160 | 0.7% | +18.8% | $1,053,492 |
| 4BR | $4,635,732 | $3,640 | 0.6% | +17.0% | $1,158,933 |
| 5BR | $5,469,276 | — | — | +16.0% | $1,093,855 |
Market Trends
Home Value History (with trend line)
📊 How Does 29482 Compare?
| Metric | 29482 | Sullivans Island | Charleston-North Charleston, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $4,525,236 | $4,525,236 | N/A | $299,690 |
| 5-Year CAGR | 11.7% | 11.7% | N/A | 7.3% |
| Avg Rent | $2,286 | $2,286 | N/A | - |
| Cap Rate | 0.4% | 0.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29482 (Sullivans Island, 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 | $4,525,236 |
| Monthly Rent | $2,286 |
| Price-to-Rent | 165.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 0.6% |
| Cap Rate | 0.4% |
| 5-Year IRR | 12.1% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +8.2% ▲ |
| 5-Year CAGR | +11.7% ▲ |
| 10-Year CAGR | +12.2% ▲ |
🏠 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 (0.4%). 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 29482
Population: 2,127
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 29482
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
How strong is Sullivans Island, SC for real estate investors?
Sullivans Island, SC rates 3.0/5 for investability. With median values at $4.5M and rents near $2,286/mo, the market offers reasonable fundamentals for rental investors.
What monthly rent should investors expect in Sullivans Island, SC?
Average rent in Sullivans Island, SC is approximately $2,286/mo per month. Against $4.5M home values that yields a reasonable rent-to-price ratio.
Is rental property easy to operate in Sullivans Island, SC?
The landlord environment in Sullivans Island, SC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Are there empty rentals in Sullivans Island, SC?
Vacancy in Sullivans Island, SC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,286/mo.
What strategy should investors use in Sullivans Island, SC?
A careful cash-flow rentals with hands-on management strategy Sullivans Island, SC best. The market produces measured results for that approach at the $4.5M price point.
You know 29482 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29482 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 29482 ranks in Charleston-North Charleston, SC
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