Real Estate Investing in Fountain Inn, South Carolina (29644)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29644 (Fountain Inn, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Fountain Inn, SC (29644)?
Click any question — our AI will research it live from the web and show you sources.
Local Pulse Report
AI-researched developments and news for Fountain Inn, SC (29644). Updated on demand as visitors ask.
Growth & development in Fountain Inn, SC (29644) Updated 68 days ago
Opportunities
- The Mill at Fountain Inn, a redevelopment of historic flour mills into a community hub with a food hall and brewery, opened in 2024. — This expands local entertainment and dining options, revitalizing a historic area. Upstate Business Journal
- A 109-room Springhill Suites by Marriott hotel is planned for 300 Jones St., with groundbreaking in 2026. — This will provide much-needed lodging, supporting tourism and local events. City of Fountain Inn
- A new commercial building at 101 S. Main St. is in the planning phase, expected to house approximately three local businesses by early 2026. — This will add new retail and service options, enhancing downtown vibrancy. City of Fountain Inn
- Fountain Inn Natural Gas began a major infrastructure reliability project in May 2026, installing nearly 3 miles of new gas line. — This strengthens system reliability and supports the community's growing energy needs. Fountain Inn Natural Gas
- MetroConnects' Payne Branch West Sewer Extension project, adding 10,500 linear feet of new sewer pipe, is set to begin by August 2024. — This improves sewer infrastructure and supports new residential developments. MetroConnects
Concerns
- The Main Street Streetscape Construction Project experienced delays, causing disruption for some downtown businesses. — Construction delays can deter customers and negatively impact local businesses. FOX Carolina News
- Rich Products Corp. announced the planned closure of its Fountain Inn plant between January and February 2025. — This closure results in job losses for approximately 100 employees. Food Processing
- A proposed 1,400-unit residential development, "Ottaray" by Timberland Holding Co. LLC, was withdrawn after an annexation request. — This indicates potential friction in expanding housing supply, despite growth. Greenville Journal
- Fountain Inn's 2026-27 budget includes increased public works fees and sewer rates. — These increases represent additional costs for residents and businesses. Greenville Journal
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
Here's what matters if you're considering buying a home in Fountain Inn:
Property Strategy for 29644
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $204,625 | $1,270 | 4.5% | +8.0% | $102,312 |
| 3BR | $286,884 | $1,530 | 3.8% | +8.1% | $95,628 |
| 4BR | $375,323 | $1,830 | 3.5% | +8.1% | $93,831 |
| 5BR | $374,387 | — | — | +6.7% | $74,877 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 29644 Compare?
| Metric | 29644 | Fountain Inn | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $307,187 | $307,187 | N/A | $299,690 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 7.3% |
| Avg Rent | $2,011 | $2,011 | N/A | - |
| Cap Rate | 5.1% | 5.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29644 (Fountain Inn, 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 | $307,187 |
| Monthly Rent | $2,011 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | -7.9% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). 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 29644
Population: 22,400
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 29644
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 price range are homes in Fountain Inn, SC?
Median home price in Fountain Inn, SC is near $307K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
How qualified is the tenant pool in Fountain Inn, SC?
Expect a solid tenant pool in Fountain Inn, SC. The rental market absorbs $2,011/mo rents without meaningful friction.
Is Fountain Inn, SC landlord-friendly?
SC law landlord-friendly for landlords, and Fountain Inn inherits those rules. Investors should still review local ordinances for rental licensing.
Is Fountain Inn, SC good for house hacking?
House hacking in Fountain Inn, SC is a challenging. With home values around $307K and rents at $2,011/mo, owner-occupants can offset a meaningful share of PITI.
Is Fountain Inn, SC better for rentals, flips, or BRRRR?
Fountain Inn, SC investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($307K prices, $2,011/mo rents) make it a reasonable choice.
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How 29644 ranks in Greenville-Anderson, SC
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