Real Estate Investing in Florence, South Carolina (29501)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29501 (Florence, SC)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
What’s happening in Florence, SC (29501)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29501 Florence
Investors eyeing 29501 need to respect the fundamentals at play. Home values of $242K come alongside slower price movement and elevated management overhead.
Meanwhile, the numbers look inviting — $242K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29501 is substantial and deserves full respect.
ZIP 29501's metrics run below Florence County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 29501 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.
The right play in 29501 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 Florence:
Property Strategy for 29501
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $71,588 | $1,060 | 10.7% | — | $71,588 |
| 2BR | $128,462 | $1,250 | 7.0% | +8.3% | $64,231 |
| 3BR | $219,673 | $1,600 | 5.2% | +7.1% | $73,224 |
| 4BR | $386,223 | $1,770 | 3.3% | +6.6% | $96,556 |
| 5BR | $450,306 | — | — | +6.5% | $90,061 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29501 Compare?
| Metric | 29501 | Florence | Florence, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $242,239 | $125,450 | N/A | $299,690 |
| 5-Year CAGR | 5.4% | 4.4% | N/A | 7.3% |
| Avg Rent | $1,504 | $1,299 | N/A | - |
| Cap Rate | 4.8% | 4.9% | - | - |
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 29501 (Florence, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $242,239 |
| Monthly Rent | $1,504 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.8% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | +16.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.8%). 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 29501
Population: 47,259
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 29501
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 961 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What real estate strategy is ideal for Florence, SC?
The best-fit strategy in Florence, SC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What monthly rent should investors expect in Florence, SC?
Rents in Florence, SC run near $1,504/mo. Compared with median home prices of $242K that produces solid gross yields for typical rentals.
What are home prices like in Florence, SC?
In Florence, SC the median home value sits at $242K. Against the broader SC market, that reads as reasonable for most investors.
How strong is the working-renter base in Florence, SC?
Florence, SC offers a measured renter base at the $1,504/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Florence, SC a good place for real estate investing?
The 3.0/5 investability rating in Florence, SC reflects its $242K prices and $1,504/mo rents. Investors generally consider it a solid option within SC.
You know 29501 now. You don’t know where it ranks.
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How 29501 ranks in Florence, SC
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