Real Estate Investing in Cleveland, South Carolina (29661)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29661 (Cleveland, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 17.7% 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 Cleveland, SC (29661)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29661 Cleveland
Investors eyeing 29661 need to respect the fundamentals at play. Home values of $225K come alongside slower price movement and elevated management overhead.
For an experienced owner, 29661 can be a a solid fit for hunting ground — but the discount at $225K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 29661 among SC's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 29661 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Cleveland's stable or hybrid ZIPs before stepping into 29661. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Cleveland:
Property Strategy for 29661
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,876 | $1,180 | 5.1% | +7.7% | $83,438 |
| 3BR | $291,565 | $1,440 | 3.6% | +7.8% | $97,188 |
| 4BR | $619,686 | $1,720 | 2.0% | +9.6% | $154,921 |
Market Trends
Home Value History (with trend line)
📊 How Does 29661 Compare?
| Metric | 29661 | Cleveland | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $225,262 | $220,050 | N/A | $299,690 |
| 5-Year CAGR | 3.6% | 1.0% | N/A | 7.3% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 3.7% | 3.8% | - | - |
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 29661 (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 | $225,262 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.7%). 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 29661
Population: 5,987
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 29661
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
Is vacancy a concern in Cleveland, SC?
Expect elevated vacancy in Cleveland, SC. Rents at $1,062/mo are absorbed by the tenant base without meaningful lag.
What real estate strategy is ideal for Cleveland, SC?
For Cleveland, SC, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are rents high in Cleveland, SC?
Rents in Cleveland, SC run near $1,062/mo. Compared with median home prices of $225K that produces solid gross yields for typical rentals.
Can owner-occupants cash flow in Cleveland, SC?
Cleveland, SC offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,062/mo rent level.
Is Cleveland, SC a good market for buy-and-hold investors?
Our data puts Cleveland, SC at 3.0/5 for investability. Home prices of $225K and rents around $1,062/mo create a solid backdrop for investor activity.
You know 29661 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29661 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 29661 ranks in Greenville-Anderson, SC
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