Real Estate Investing in Anderson, South Carolina (29624)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29624 (Anderson, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 13.5% of homes vacant — above national norms.
- Elevated poverty: 24.7% poverty rate — can affect rent collection.
- Lower household income: $29,953 median — tenant affordability is tighter.
What’s happening in Anderson, SC (29624)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29624 Anderson
Investors eyeing 29624 need to respect the fundamentals at play. Home values of $148K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 29624 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
From an investor standpoint, 29624 offers a low basis, the region around Anderson has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 29624 includes headwinds that any investor should price in. Income distribution skews lower than Anderson averages, and tenant stability requires active management.
Strategy in 29624 is an operator game, not a passive one. From a cash-flow lens, entry prices of $148K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Anderson:
Property Strategy for 29624
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $102,978 | $980 | 6.9% | +14.2% | $51,489 |
| 3BR | $184,345 | $1,270 | 5.0% | +11.8% | $61,448 |
| 4BR | $228,552 | $1,540 | 4.9% | +10.1% | $57,138 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29624 Compare?
| Metric | 29624 | Anderson | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $148,418 | $143,795 | N/A | $299,690 |
| 5-Year CAGR | 8.4% | 7.3% | N/A | 7.3% |
| Avg Rent | $1,229 | $1,258 | N/A | - |
| Cap Rate | 6.5% | 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 29624 (Anderson, SC). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 29624 (Anderson, SC)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $148,418 |
| Monthly Rent | $1,229 |
| Price-to-Rent | 10.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.9% |
| Cap Rate | 6.5% |
| 5-Year IRR | 14.9% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +8.4% ▲ |
| 10-Year CAGR | +10.5% ▲ |
🏠 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 (6.5%). 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 29624
Population: 14,490
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 29624
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
Frequently Asked Questions
How does Anderson, SC rate as a rental market?
Anderson, SC scores 4.0/5 for investability. Home values sit at $148K and rents near $1,229/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What price range are homes in Anderson, SC?
The median home value in Anderson, SC is roughly $148K. That puts it reasonable relative to the SC statewide average.
What is the average monthly rent in Anderson, SC?
Rent in Anderson, SC is around $1,229/mo. The resulting rent-to-value relationship with $148K pricing is reasonable for most investor models.
What is the rental occupancy rate in Anderson, SC?
Occupancy in Anderson, SC runs stable with elevated vacancy. Well-priced units at $1,229/mo lease on reasonable timelines.
Is it easy to find good tenants in Anderson, SC?
The renter base in Anderson, SC is reasonable for the $1,229/mo price point. Screening well and pricing to market typically yields reliable tenants.
You know 29624 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29624 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 29624 ranks in Greenville-Anderson, SC
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 29624 (Anderson)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 29624 (Anderson, SC).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.