Real Estate Investing in Walterboro, South Carolina (29488)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29488 (Walterboro, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Walterboro, SC (29488)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29488 Walterboro
Investors eyeing 29488 need to respect the fundamentals at play. Home values of $217K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $217K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29488 is substantial and deserves full respect.
Nearby ZIPs in Walterboro have seen price recovery that 29488 has not matched. Colleton County data supports the view that the spread is structural rather than temporary.
Who lives in 29488 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 29488 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 Walterboro:
Property Strategy for 29488
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $143,476 | $900 | 4.5% | +6.9% | $71,738 |
| 3BR | $211,147 | $1,080 | 3.7% | +7.5% | $70,382 |
| 4BR | $303,641 | $1,470 | 3.5% | +6.9% | $75,910 |
| 5BR | $423,778 | — | — | — | $84,756 |
Market Trends
Home Value History (with trend line)
📊 How Does 29488 Compare?
| Metric | 29488 | Walterboro | South Carolina |
|---|---|---|---|
| Home Value | $216,762 | $216,762 | $299,690 |
| 5-Year CAGR | 5.1% | 5.1% | 7.3% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 2.9% | 2.9% | - |
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 29488 (Walterboro, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $216,762 |
| Monthly Rent | $810 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (2.9%). 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 29488
Population: 22,367
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 29488
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.
Frequently Asked Questions
What kind of market is Walterboro, SC for investors?
Investors tracking Walterboro, SC will find a 3.0/5 rating supported by $217K median home values and $810/mo rents. That profile suits long-term holders targeting steady returns.
How quickly do rentals get leased in Walterboro, SC?
Vacancy risk in Walterboro, SC is elevated. That supports reliable cash flow for typical rental holds.
How strong is tenant demand in Walterboro, SC?
Working renters make up the core of the Walterboro, SC tenant base. The pool is reasonable for investors targeting long-term holds.
What is it like being a landlord in Walterboro, SC?
SC law landlord-friendly for landlords, and Walterboro inherits those rules. Investors should still review local ordinances for rental licensing.
What investment strategy works best in Walterboro, SC?
In Walterboro, SC the notable play is typically careful cash-flow rentals with hands-on management. The combination of $217K prices and $810/mo rents suits that approach.
You know 29488 now. You don’t know where it ranks.
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