Real Estate Investing in Anderson, South Carolina (29621)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29621 (Anderson, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Anderson, SC (29621)?
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Market Analysis: 29621 Anderson
ZIP 29621 inside Anderson County looks affordable on the surface — median value of $320K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 29621 can be a a strong candidate for hunting ground — but the discount at $320K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 29621 among SC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A substantial renter share of 25% in 29621 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 29621 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Anderson:
Property Strategy for 29621
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $189,630 | $1,240 | 4.7% | +9.2% | $94,815 |
| 3BR | $296,641 | $1,610 | 3.9% | +8.8% | $98,880 |
| 4BR | $428,557 | $1,950 | 3.3% | +8.6% | $107,139 |
| 5BR | $552,016 | — | — | +8.6% | $110,403 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29621 Compare?
| Metric | 29621 | Anderson | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $319,607 | $143,795 | N/A | $299,690 |
| 5-Year CAGR | 6.4% | 7.3% | N/A | 7.3% |
| Avg Rent | $1,391 | $1,258 | N/A | - |
| Cap Rate | 3.4% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29621 (Anderson, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $319,607 |
| Monthly Rent | $1,391 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 29621
Population: 44,458
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 29621
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 3,757 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Anderson, SC?
Homes in Anderson, SC typically sell near $320K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How qualified is the tenant pool in Anderson, SC?
The tenant pool in Anderson, SC is solid, supported by local employment and population fundamentals. Rents of $1,391/mo are well-absorbed by the market.
Are eviction rules reasonable in Anderson, SC?
Anderson, SC falls under SC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is Anderson, SC a smart market for rental property?
With a 3.0/5 investability score, Anderson, SC ranks as a solid market for rental property investors. Median prices of $320K and rents of $1,391/mo drive the underlying numbers.
What real estate strategy is ideal for Anderson, SC?
Anderson, SC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($320K prices, $1,391/mo rents) make it a reasonable choice.
You know 29621 now. You don’t know where it ranks.
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How 29621 ranks in Greenville-Anderson, SC
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