Real Estate Investing in Cades, South Carolina (29518)
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Should you buy in 29518 (Cades, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.6% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cades, SC (29518)?
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Market Analysis: 29518 Cades
Put differently, ZIP 29518 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $152K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $152K asset, 29518 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 29518 and stronger Cades ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 29518 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 29518 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cades:
Market Trends
Home Value History (with trend line)
📊 How Does 29518 Compare?
| Metric | 29518 | Cades | South Carolina |
|---|---|---|---|
| Home Value | $152,257 | $152,257 | $299,690 |
| 5-Year CAGR | 2.1% | 2.1% | 7.3% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 4.3% | 4.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29518 (Cades, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $152,257 |
| Monthly Rent | $846 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | -1.3% ▼ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.3%). 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 29518
Population: 913
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How does Cades, SC stack up for property investment?
Cades, SC registers an investability rating of 3.0/5, with median home values near $152K and average rents around $846/mo. That combination puts it in the healthy tier for investor interest.
How much do tenants pay in Cades, SC?
Rent in Cades, SC is around $846/mo. The resulting rent-to-value relationship with $152K pricing is reasonable for most investor models.
How strong is the working-renter base in Cades, SC?
The renter base in Cades, SC is reasonable for the $846/mo price point. Screening well and pricing to market typically yields predictable tenants.
Is Cades, SC landlord-friendly?
SC ranks as a landlord-friendly state for landlord-tenant law. Cades generally follows the statewide framework, so landlords face reasonable operating rules.
Do landlords face vacancy issues in Cades, SC?
Rental vacancy in Cades, SC is elevated. Investors should budget normal turnover but not chronic empty units.
You know 29518 now. You don’t know where it ranks.
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