Real Estate Investing in Gresham, South Carolina (29546)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29546 (Gresham, 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: 22.4% of homes vacant — above national norms.
- Elevated poverty: 22.4% poverty rate — can affect rent collection.
- Lower household income: $26,673 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gresham, SC (29546)?
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Market Analysis: 29546 Gresham
This part of Marion County is not an easy win. The 29546 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Meanwhile, the numbers look inviting — $133K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29546 is substantial and deserves full respect.
From a cash-flow lens, 29546 offers a low basis, the region around Gresham has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Looking more closely, 2,574 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. robust returns are possible in 29546, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Gresham:
Market Trends
Home Value History (with trend line)
📊 How Does 29546 Compare?
| Metric | 29546 | Gresham | South Carolina |
|---|---|---|---|
| Home Value | $132,760 | $132,760 | $299,690 |
| 5-Year CAGR | 4.2% | 4.2% | 7.3% |
| Avg Rent | $810 | $810 | - |
| Cap Rate | 4.8% | 4.8% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29546 (Gresham, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $132,760 |
| Monthly Rent | $810 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +17.6% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 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 (4.8%). 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 29546
Population: 2,574
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
Frequently Asked Questions
How strong are rents in Gresham, SC?
Expect rents around $810/mo per month in Gresham, SC. With home values at $133K, the yield math works out to reasonable levels for rental investors.
Which investment style suits Gresham, SC?
In Gresham, SC the healthy play is typically careful cash-flow rentals with hands-on management. The combination of $133K prices and $810/mo rents suits that approach.
Is Gresham, SC a smart market for rental property?
Yes - Gresham, SC a 3.0/5 investability score. With $133K home prices against $810/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Gresham, SC a good market for FHA house hackers?
House hacking in Gresham, SC is a challenging. With home values around $133K and rents at $810/mo, owner-occupants can offset a meaningful share of PITI.
How quickly do rentals get leased in Gresham, SC?
Gresham, SC sees elevated vacancy, which is reasonable relative to the broader SC rental market.
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