Real Estate Investing in Wadmalaw Island, South Carolina (29487)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29487 (Wadmalaw Island, 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.
- High vacancy: 19.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 39.1 — 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 Wadmalaw Island, SC (29487)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29487 Wadmalaw Island
From a cash-flow lens, ZIP 29487 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $713K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $713K asset, 29487 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 29487'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.
A solid renter share of 8% in 29487 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems to 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 Wadmalaw Island:
Property Strategy for 29487
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $446,271 | $1,690 | 2.7% | +10.2% | $223,136 |
| 3BR | $611,956 | $2,100 | 2.5% | +10.3% | $203,985 |
| 4BR | $992,795 | $2,420 | 1.8% | +12.0% | $248,199 |
Market Trends
Home Value History (with trend line)
📊 How Does 29487 Compare?
| Metric | 29487 | Wadmalaw Island | Charleston-North Charleston, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $713,145 | $713,145 | N/A | $299,690 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.3% |
| Avg Rent | $1,521 | $1,521 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
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 29487 (Wadmalaw 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 | $713,145 |
| Monthly Rent | $1,521 |
| Price-to-Rent | 39.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (1.7%). 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 29487
Population: 2,702
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 29487
Schools in This ZIP Code
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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
Frequently Asked Questions
What do rentals go for in Wadmalaw Island, SC?
Average rent in Wadmalaw Island, SC is approximately $1,521/mo per month. Against $713K home values that yields a reasonable rent-to-price ratio.
Is rental property easy to operate in Wadmalaw Island, SC?
Landlord-friendliness in Wadmalaw Island, SC is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the median home value in Wadmalaw Island, SC?
Typical homes in Wadmalaw Island, SC go for around $713K. The 5-year CAGR of 0.0% stable price movement.
Should investors consider Wadmalaw Island, SC?
With a 3.0/5 investability score, Wadmalaw Island, SC ranks as a solid market for rental property investors. Median prices of $713K and rents of $1,521/mo drive the underlying numbers.
Is it easy to find good tenants in Wadmalaw Island, SC?
Tenant demand in Wadmalaw Island, SC is solid. The local workforce $1,521/mo rents across most rental classes.
You know 29487 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29487 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 29487 ranks in Charleston-North Charleston, SC
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