Real Estate Investing in Hemingway, South Carolina (29554)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29554 (Hemingway, 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: 21.0% of homes vacant — above national norms.
- Lower household income: $36,042 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 Hemingway, SC (29554)?
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Market Analysis: 29554 Hemingway
This part of Georgetown is not an easy win. The 29554 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 29554 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Hemingway have seen price recovery that 29554 has not matched. Georgetown data supports the view that the spread is structural rather than temporary.
The 29554 ZIP's population of 9,001 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
The right play in 29554 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 Hemingway:
Property Strategy for 29554
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $102,741 | $1,080 | 7.6% | +9.7% | $51,370 |
| 3BR | $149,050 | $1,300 | 6.3% | +7.6% | $49,683 |
| 4BR | $224,642 | $1,550 | 5.0% | +9.0% | $56,161 |
Market Trends
Home Value History (with trend line)
📊 How Does 29554 Compare?
| Metric | 29554 | Hemingway | South Carolina |
|---|---|---|---|
| Home Value | $127,342 | $127,342 | $299,690 |
| 5-Year CAGR | 4.4% | 4.4% | 7.3% |
| Avg Rent | $972 | $972 | - |
| Cap Rate | 6.0% | 6.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29554 (Hemingway, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $127,342 |
| Monthly Rent | $972 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 10.3% |
📈 Home Appreciation
| 1-Year | +1.8% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (6.0%). 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 29554
Population: 9,001
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 29554
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.
Frequently Asked Questions
Is it easy to find good tenants in Hemingway, SC?
Hemingway, SC draws a reliable base of working renters. Demand at the $972/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Hemingway, SC?
Investors tracking Hemingway, SC will find a 3.0/5 rating supported by $127K median home values and $972/mo rents. That profile suits long-term holders targeting measured returns.
What is the median home value in Hemingway, SC?
The median home value in Hemingway, SC is roughly $127K. That puts it reasonable relative to the SC statewide average.
How quickly do rentals get leased in Hemingway, SC?
Occupancy in Hemingway, SC runs even-keeled with elevated vacancy. Well-priced units at $972/mo lease on reasonable timelines.
Is Hemingway, SC a friendly market for rental owners?
Landlord-friendliness in Hemingway, SC is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
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