Real Estate Investing in Loris, South Carolina (29569)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29569 (Loris, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.5% 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 Loris, SC (29569)?
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Market Analysis: 29569 Loris
Not every below-median market is a bargain. Loris's 29569 ZIP clocks in at signals that favor experienced operators who can absorb the risk $255K pricing implies.
The 29569 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Loris have seen price recovery that 29569 has not matched. Horry County data supports the view that the spread is structural rather than temporary.
The 29569 ZIP's population of 16,913 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategy in 29569 is an operator game, not a passive one. From an investor standpoint, entry prices of $255K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Loris:
Property Strategy for 29569
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $160,283 | $1,270 | 5.7% | +8.9% | $80,141 |
| 3BR | $263,666 | $1,600 | 4.4% | +8.9% | $87,889 |
| 4BR | $312,936 | $1,860 | 4.3% | +8.2% | $78,234 |
Market Trends
Home Value History (with trend line)
📊 How Does 29569 Compare?
| Metric | 29569 | Loris | South Carolina |
|---|---|---|---|
| Home Value | $254,720 | $254,720 | $299,690 |
| 5-Year CAGR | 6.3% | 6.3% | 7.3% |
| Avg Rent | $1,143 | $1,143 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29569 (Loris, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,720 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.5%). 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 29569
Population: 16,913
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
🎓 Schools in 29569
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
How does Loris, SC rate as a rental market?
Loris, SC scores 3.0/5 for investability. Home values sit at $255K and rents near $1,143/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does house hacking make sense in Loris, SC?
House hacking in Loris, SC is reasonable to execute. Prices around $255K and rents of $1,143/mo solid owner-occupant economics.
How tight is the rental market in Loris, SC?
Loris, SC carries elevated vacancy risk. Expect steady absorption at market rents of $1,143/mo.
How much does a house cost in Loris, SC?
In Loris, SC the median home value sits at $255K. Against the broader SC market, that reads as reasonable for most investors.
What real estate strategy is ideal for Loris, SC?
Loris, SC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($255K prices, $1,143/mo rents) make it a reasonable choice.
You know 29569 now. You don’t know where it ranks.
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How 29569 ranks in Myrtle Beach-Conway-North Myrtle Beach, SC-NC
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