Real Estate Investing in Scranton, South Carolina (29591)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29591 (Scranton, 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: 16.5% of homes vacant — above national norms.
- Elevated poverty: 20.3% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Scranton, SC (29591)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29591 Scranton
This part of Florence County is not an easy win. The 29591 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 29591 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Scranton have seen price recovery that 29591 has not matched. Florence County data supports the view that the spread is structural rather than temporary.
Resident income in 29591 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 29591 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 Scranton:
Property Strategy for 29591
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $105,443 | $960 | 6.6% | +7.9% | $52,721 |
| 3BR | $145,676 | $1,230 | 6.1% | +6.5% | $48,559 |
Market Trends
Home Value History (with trend line)
📊 How Does 29591 Compare?
| Metric | 29591 | Scranton | Florence, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $138,403 | $138,403 | N/A | $299,690 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 7.3% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 4.9% | 4.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29591 (Scranton, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $138,403 |
| Monthly Rent | $864 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 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 (4.9%). 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 29591
Population: 4,292
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 29591
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 kind of market is Scranton, SC for investors?
Our data puts Scranton, SC at 3.0/5 for investability. Home prices of $138K and rents around $864/mo create a solid backdrop for investor activity.
What real estate strategy is ideal for Scranton, SC?
Scranton, SC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($138K prices, $864/mo rents) make it a reasonable choice.
What is the average monthly rent in Scranton, SC?
Expect rents around $864/mo per month in Scranton, SC. With home values at $138K, the yield math works out to reasonable levels for rental investors.
Is Scranton, SC a good market for FHA house hackers?
Scranton, SC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $138K price point reasonable to enter.
What is it like being a landlord in Scranton, SC?
SC law landlord-friendly for landlords, and Scranton inherits those rules. Investors should still review local ordinances for rental licensing.
You know 29591 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29591 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 29591 ranks in Florence, SC
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