Real Estate Investing in Anderson, South Carolina (29625)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29625 (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: 10.9% vacancy may signal weakening demand.
What’s happening in Anderson, SC (29625)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29625 Anderson
Investors eyeing 29625 need to respect the fundamentals at play. Home values of $265K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $265K asset, 29625 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 29625's metrics run below Anderson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 29625 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Anderson's stable or hybrid ZIPs before stepping into 29625. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Anderson:
Property Strategy for 29625
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $153,488 | $1,210 | 5.7% | +11.2% | $76,744 |
| 3BR | $271,184 | $1,570 | 4.2% | +9.5% | $90,395 |
| 4BR | $354,729 | $1,910 | 3.9% | +8.1% | $88,682 |
| 5BR | $540,968 | — | — | +10.6% | $108,194 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29625 Compare?
| Metric | 29625 | Anderson | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $265,341 | $143,795 | N/A | $299,690 |
| 5-Year CAGR | 7.5% | 7.3% | N/A | 7.3% |
| Avg Rent | $1,214 | $1,258 | N/A | - |
| Cap Rate | 3.6% | 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 29625 (Anderson, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $265,341 |
| Monthly Rent | $1,214 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | -4.6% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 29625
Population: 27,475
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 29625
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 4,015 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Anderson, SC?
Median home price in Anderson, SC is near $265K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
What is the average monthly rent in Anderson, SC?
Rental rates in Anderson, SC average $1,214/mo. Tenant demand and $265K home values make the yield look reasonable by investor standards.
Do landlords face vacancy issues in Anderson, SC?
Vacancy in Anderson, SC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,214/mo.
What real estate strategy is ideal for Anderson, SC?
Investors usually favor careful cash-flow rentals with hands-on management in Anderson, SC. With home values at $265K and rents near $1,214/mo, other strategies can work but produce consistent rather than outsized returns.
Is the tenant base reliable in Anderson, SC?
Anderson, SC draws a predictable base of working renters. Demand at the $1,214/mo rent level is reasonable for standard single-family and small multi rentals.
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