Real Estate Investing in Cheraw, South Carolina (29520)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29520 (Cheraw, 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: 19.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cheraw, SC (29520)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29520 Cheraw
ZIP 29520 in Cheraw, SC carries a healthy set of headwinds. Home values near $161K and rents of $882/mo sit inside a market where underwriting has to be tight.
The 29520 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within SC, ZIP 29520 trails on several market indicators that neighboring Chesterfield County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Resident income in 29520 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 29520 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 Cheraw:
Property Strategy for 29520
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $186,316 | $1,270 | 4.9% | +8.9% | $62,105 |
| 4BR | $285,430 | $1,400 | 3.5% | +6.3% | $71,357 |
Market Trends
Home Value History (with trend line)
📊 How Does 29520 Compare?
| Metric | 29520 | Cheraw | South Carolina |
|---|---|---|---|
| Home Value | $161,258 | $161,258 | $299,690 |
| 5-Year CAGR | 2.6% | 2.6% | 7.3% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 4.3% | 4.3% | - |
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 29520 (Cheraw, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $161,258 |
| Monthly Rent | $882 |
| Price-to-Rent | 15.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.6% |
| Cap Rate | 4.3% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | -0.7% ▼ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 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 (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 29520
Population: 12,860
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 29520
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 546 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Cheraw, SC?
Rental rates in Cheraw, SC average $882/mo. Tenant demand and $161K home values make the yield look reasonable by investor standards.
Are renters plentiful in Cheraw, SC?
Working renters make up the core of the Cheraw, SC tenant base. The pool is reasonable for investors targeting long-term holds.
What is the rental occupancy rate in Cheraw, SC?
Occupancy in Cheraw, SC runs steady with elevated vacancy. Well-priced units at $882/mo lease on reasonable timelines.
What does house hacking look like in Cheraw, SC?
The a challenging house-hack environment in Cheraw, SC reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How does Cheraw, SC stack up for property investment?
Yes - Cheraw, SC a 3.0/5 investability score. With $161K home prices against $882/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 29520 now. You don’t know where it ranks.
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