Real Estate Investing in Hodges, South Carolina (29653)
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Should you buy in 29653 (Hodges, 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.
- High vacancy: 14.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hodges, SC (29653)?
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Market Analysis: 29653 Hodges
ZIP 29653 inside Greenwood County looks affordable on the surface — median value of $145K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 29653 can be a an appealing option for hunting ground — but the discount at $145K reflects genuine risk that outside investors often underestimate.
Looking more closely, 29653 offers a low basis, the region around Hodges has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 29653 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Hodges:
Property Strategy for 29653
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $137,939 | $1,070 | 5.6% | +9.2% | $68,969 |
| 3BR | $226,439 | $1,300 | 4.1% | +9.2% | $75,480 |
Market Trends
Home Value History (with trend line)
📊 How Does 29653 Compare?
| Metric | 29653 | Hodges | Greenwood, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $144,815 | $144,815 | N/A | $299,690 |
| 5-Year CAGR | 1.5% | 1.5% | N/A | 7.3% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 5.2% | 5.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29653 (Hodges, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $144,815 |
| Monthly Rent | $963 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | -2.6% ▼ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (5.2%). 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 29653
Population: 3,894
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 29653
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 2,003 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Hodges, SC a good investment right now?
Hodges, SC shows an investability rating of 3.0/5, with median home values near $145K and average rents around $963/mo. That combination puts it in the impressive tier for investor interest.
How much do tenants pay in Hodges, SC?
Rental rates in Hodges, SC average $963/mo. Tenant demand and $145K home values make the yield look reasonable by investor standards.
Are landlord laws favorable in Hodges, SC?
SC ranks as a landlord-friendly state for landlord-tenant law. Hodges generally follows the statewide framework, so landlords face reasonable operating rules.
Which real estate strategy fits Hodges, SC?
In Hodges, SC the significant play is typically careful cash-flow rentals with hands-on management. The combination of $145K prices and $963/mo rents suits that approach.
Do rentals sit vacant long in Hodges, SC?
Hodges, SC sees elevated vacancy, which is reasonable relative to the broader SC rental market.
You know 29653 now. You don’t know where it ranks.
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How 29653 ranks in Greenwood, SC
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