Real Estate Investing in Society Hill, South Carolina (29593)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29593 (Society Hill, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.6% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.4% CAGR).
- Lower household income: $35,703 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 Society Hill, SC (29593)?
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Market Analysis: 29593 Society Hill
Not every below-median market is a bargain. Society Hill's 29593 ZIP reflects signals that favor experienced operators who can absorb the risk $109K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 29593 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within SC, ZIP 29593 trails on several market indicators that neighboring Chesterfield County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Employment concentration in 29593 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 29593 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Society Hill:
Market Trends
Home Value History (with trend line)
📊 How Does 29593 Compare?
| Metric | 29593 | Society Hill | Florence, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $109,350 | $109,350 | N/A | $299,690 |
| 5-Year CAGR | 0.4% | 0.4% | N/A | 7.3% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 7.1% | 7.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29593 (Society Hill, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $109,350 |
| Monthly Rent | $999 |
| Price-to-Rent | 9.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.0% |
| Cap Rate | 7.1% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | -3.7% ▼ |
| 5-Year CAGR | +0.4% ▲ |
| 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 (7.1%). 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 29593
Population: 1,756
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 29593
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 546 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the median home value in Society Hill, SC?
The median home value in Society Hill, SC is roughly $109K. That puts it reasonable relative to the SC statewide average.
How does Society Hill, SC rate as a rental market?
Society Hill, SC shows an investability rating of 3.0/5, with median home values near $109K and average rents around $999/mo. That combination puts it in the significant tier for investor interest.
Do landlords face vacancy issues in Society Hill, SC?
Vacancy in Society Hill, SC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $999/mo.
Is Society Hill, SC a friendly market for rental owners?
The landlord environment in Society Hill, SC is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How strong is tenant demand in Society Hill, SC?
The renter base in Society Hill, SC is reasonable for the $999/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
You know 29593 now. You don’t know where it ranks.
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How 29593 ranks in Florence, SC
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