Real Estate Investing in Honea Path, South Carolina (29654)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29654 (Honea Path, 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: 10.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Honea Path, SC (29654)?
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Market Analysis: 29654 Honea Path
In practical terms, ZIP 29654 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $225K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 29654 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 29654 among SC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From an investor standpoint, 9,998 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.
Experienced landlords with local relationships tend to find 29654 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Honea Path:
Property Strategy for 29654
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $149,839 | $1,180 | 5.7% | +9.8% | $74,919 |
| 3BR | $236,259 | $1,440 | 4.4% | +9.5% | $78,753 |
| 4BR | $377,159 | $1,720 | 3.3% | +9.6% | $94,290 |
Market Trends
Home Value History (with trend line)
📊 How Does 29654 Compare?
| Metric | 29654 | Honea Path | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $224,505 | $224,505 | N/A | $299,690 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.3% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 29654 (Honea Path, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $224,505 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.7%). 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 29654
Population: 9,998
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 29654
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
Frequently Asked Questions
What is the typical home price in Honea Path, SC?
Homes in Honea Path, SC typically sell near $225K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
Are tenants stable in Honea Path, SC?
Honea Path, SC draws a even-keeled base of working renters. Demand at the $1,062/mo rent level is reasonable for standard single-family and small multi rentals.
How do landlord-tenant laws work in Honea Path, SC?
SC ranks as a landlord-friendly state for landlord-tenant law. Honea Path generally follows the statewide framework, so landlords face reasonable operating rules.
What approach is best for Honea Path, SC real estate?
The best-fit strategy in Honea Path, SC is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are rents high in Honea Path, SC?
Honea Path, SC rentals go for roughly $1,062/mo a month. That puts gross yield in solid territory relative to $225K acquisition costs.
You know 29654 now. You don’t know where it ranks.
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How 29654 ranks in Greenville-Anderson, SC
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