Real Estate Investing in Hamer, South Carolina (29547)
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Should you buy in 29547 (Hamer, SC)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
- 1-year downturn: Values declined 6.7% in the last year.
- Higher unemployment: 10.0% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hamer, SC (29547)?
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Market Analysis: 29547 Hamer
The 29547 ZIP covers a section of Hamer that demands careful diligence. Prices near $98K look accessible, but the work to make a deal cash flow is real.
In practical terms, the numbers look inviting — $98K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29547 is substantial and deserves full respect.
Nearby ZIPs in Hamer have seen price recovery that 29547 has not matched. Dillon County data supports the view that the spread is structural rather than temporary.
Resident income in 29547 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. healthy returns are possible in 29547, 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 Hamer:
Market Trends
Home Value History (with trend line)
📊 How Does 29547 Compare?
| Metric | 29547 | Hamer | South Carolina |
|---|---|---|---|
| Home Value | $97,912 | $97,912 | $299,690 |
| 5-Year CAGR | N/A | N/A | 7.3% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 6.7% | 6.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29547 (Hamer, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $97,912 |
| Monthly Rent | $846 |
| Price-to-Rent | 9.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.4% |
| Cap Rate | 6.7% |
| 5-Year IRR | 0.0% |
📈 Home Appreciation
| 1-Year | -6.7% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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%) is close to the estimated cap rate (6.7%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 29547
Population: 2,552
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
What is the typical home price in Hamer, SC?
The median home value in Hamer, SC is roughly $98K. That puts it reasonable relative to the SC statewide average.
Does Hamer, SC favor landlords or tenants?
For rental operators, Hamer, SC rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What strategy should investors use in Hamer, SC?
In Hamer, SC the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $98K prices and $846/mo rents suits that approach.
Is Hamer, SC good for house hacking?
Hamer, SC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $98K price point reasonable to enter.
What are vacancy rates like in Hamer, SC?
Hamer, SC carries elevated vacancy risk. Expect predictable absorption at market rents of $846/mo.
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