Real Estate Investing in Cleveland, South Carolina (29635)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29635 (Cleveland, SC)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 47.5% of homes vacant — above national norms.
- Declining values: -1.5% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cleveland, SC (29635)?
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Market Analysis: 29635 Cleveland
Not every below-median market is a bargain. Cleveland's 29635 ZIP sits at signals that favor experienced operators who can absorb the risk $215K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 29635 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 29635 and stronger Cleveland ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From an investor standpoint, 1,528 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 29635 is an operator game, not a passive one. In practical terms, entry prices of $215K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 29635
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $201,958 | $1,180 | 4.2% | +7.0% | $100,979 |
| 3BR | $403,851 | $1,440 | 2.6% | +9.5% | $134,617 |
| 4BR | $493,877 | $1,720 | 2.5% | +9.5% | $123,469 |
Market Trends
Home Value History (with trend line)
📊 How Does 29635 Compare?
| Metric | 29635 | Cleveland | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $214,838 | $220,050 | N/A | $299,690 |
| 5-Year CAGR | N/A | 1.0% | N/A | 7.3% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 3.9% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29635 (Cleveland, SC). Anonymous, moderated, never written by AI.
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Property managers serving Greenville County
Manage rentals here? List your business →Carolina Moves Property Management offers flat fee property management services in Greenville's Upstate for homeowners, landlords, and tenants, including HOA management. summary from their website
Magnolia Rental Property Management provides trusted property management throughout Upstate, SC, offering residential and multi-family services including marketing, tenant screening, and rent collecti summary from their website
ABOVE Property Management offers reliable property management services in Greenville, Spartanburg, and Upstate South Carolina for various rental opportunities. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $214,838 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 2.3% |
📈 Home Appreciation
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | -3.5% ▼ |
| 5-Year CAGR | -1.5% ▼ |
| 10-Year CAGR | +2.0% ▲ |
🏠 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 (3.9%). 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 29635
Population: 1,528
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What do landlords charge for rent in Cleveland, SC?
Expect rents around $1,062/mo per month in Cleveland, SC. With home values at $215K, the yield math works out to reasonable levels for rental investors.
How strong is tenant demand in Cleveland, SC?
Working renters make up the core of the Cleveland, SC tenant base. The pool is reasonable for investors targeting long-term holds.
Is housing expensive in Cleveland, SC?
Cleveland, SC median home values land near $215K. That is reasonable territory for investors looking at $1,062/mo-per-month rentals.
How does Cleveland, SC rate as a rental market?
Cleveland, SC scores 2.0/5 for investability. Home values sit at $215K and rents near $1,062/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What investment strategy works best in Cleveland, SC?
In Cleveland, SC the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $215K prices and $1,062/mo rents suits that approach.
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