Real Estate Investing in Pawleys Island, South Carolina (29585)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29585 (Pawleys Island, 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: 37.2% of homes vacant — above national norms.
What’s happening in Pawleys Island, SC (29585)?
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Market Analysis: 29585 Pawleys Island
Investors eyeing 29585 need to respect the fundamentals at play. Home values of $550K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 29585 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 29585 sits on the difficult end of the SC spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 29585 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 29585 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 Pawleys Island:
Property Strategy for 29585
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $306,798 | $1,580 | 3.7% | +9.0% | $153,399 |
| 3BR | $518,472 | $1,890 | 2.6% | +10.0% | $172,824 |
| 4BR | $782,437 | $2,550 | 2.3% | +10.7% | $195,609 |
| 5BR | $1,386,303 | — | — | +12.8% | $277,261 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29585 Compare?
| Metric | 29585 | Pawleys Island | Georgetown, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $550,277 | $550,277 | N/A | $299,690 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.3% |
| Avg Rent | $1,926 | $1,926 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29585 (Pawleys Island, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $550,277 |
| Monthly Rent | $1,926 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.7%). 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 29585
Population: 17,346
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 29585
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
What is the investability score for Pawleys Island, SC?
Yes - Pawleys Island, SC a 3.0/5 investability score. With $550K home prices against $1,926/mo monthly rent, the market delivers a reasonable entry point for new investors.
How strong is tenant demand in Pawleys Island, SC?
Working renters make up the core of the Pawleys Island, SC tenant base. The pool is reasonable for investors targeting long-term holds.
Where do rents currently stand in Pawleys Island, SC?
The typical rental in Pawleys Island, SC commands about $1,926/mo monthly. That rent profile consistent cash flow against the $550K purchase basis.
What kind of vacancy should I budget for in Pawleys Island, SC?
Pawleys Island, SC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How viable is house hacking in Pawleys Island, SC?
The house hack math a challenging in Pawleys Island, SC. Owner-occupant buyers benefit from the $1,926/mo rents and $550K home values.
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