Real Estate Investing in Easley, South Carolina (29642)
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Should you buy in 29642 (Easley, 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.
No major risk flags on the data we track.
What’s happening in Easley, SC (29642)?
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Market Analysis: 29642 Easley
ZIP 29642 in Easley, SC carries a solid set of headwinds. Home values near $357K and rents of $1,745/mo sit inside a market where underwriting has to be tight.
Rent of $1,745/mo on a $357K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 29642 sits below the stated 0.0% once reality is priced in.
ZIP 29642's metrics run below Pickens County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On balance, 35,721 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.
Strategically, 29642 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Easley:
Property Strategy for 29642
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $223,704 | $1,180 | 3.8% | +7.6% | $111,852 |
| 3BR | $311,126 | $1,440 | 3.3% | +7.8% | $103,709 |
| 4BR | $428,469 | $1,720 | 2.9% | +8.4% | $107,117 |
| 5BR | $529,740 | — | — | +8.2% | $105,948 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29642 Compare?
| Metric | 29642 | Easley | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $356,827 | $319,005 | N/A | $299,690 |
| 5-Year CAGR | 6.0% | 6.3% | N/A | 7.3% |
| Avg Rent | $1,745 | $1,647 | N/A | - |
| Cap Rate | 3.8% | 4.1% | - | - |
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 29642 (Easley, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $356,827 |
| Monthly Rent | $1,745 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -10.0% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 29642
Population: 35,721
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 29642
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 3,443 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Easley, SC?
Rental rates in Easley, SC average $1,745/mo. Tenant demand and $357K home values make the yield look reasonable by investor standards.
Is Easley, SC a friendly market for rental owners?
Easley, SC falls under SC landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What are vacancy rates like in Easley, SC?
Vacancy in Easley, SC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,745/mo.
How viable is house hacking in Easley, SC?
The house hack math a challenging in Easley, SC. Owner-occupant buyers benefit from the $1,745/mo rents and $357K home values.
How does Easley, SC rate as a rental market?
Easley, SC scores 3.0/5 for investability. Home values sit at $357K and rents near $1,745/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 29642 now. You don’t know where it ranks.
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How 29642 ranks in Greenville-Anderson, SC
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