Real Estate Investing in Mountain Rest, South Carolina (29664)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29664 (Mountain Rest, 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: 36.8% 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 Mountain Rest, SC (29664)?
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Market Analysis: 29664 Mountain Rest
The 29664 ZIP in Mountain Rest, SC is a local-operator market. Outside capital chasing a $264K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 29664 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader SC picture, 29664 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 29664 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 29664 is an operator game, not a passive one. On the rental side, entry prices of $264K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Mountain Rest:
Property Strategy for 29664
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $242,915 | $1,040 | 3.1% | +11.8% | $121,457 |
| 3BR | $318,528 | $1,270 | 2.9% | +10.4% | $106,176 |
Market Trends
Home Value History (with trend line)
📊 How Does 29664 Compare?
| Metric | 29664 | Mountain Rest | Seneca, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $264,141 | $301,797 | N/A | $299,690 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.3% |
| Avg Rent | $936 | $918 | N/A | - |
| Cap Rate | 2.8% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29664 (Mountain Rest, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $264,141 |
| Monthly Rent | $936 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (2.8%). 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 29664
Population: 1,754
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
Frequently Asked Questions
What is the average home sale price in Mountain Rest, SC?
Expect median prices around $264K in Mountain Rest, SC. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
How deep is the rental pool in Mountain Rest, SC?
Expect a solid tenant pool in Mountain Rest, SC. The rental market absorbs $936/mo rents without meaningful friction.
Do rentals sit vacant long in Mountain Rest, SC?
Rental vacancy in Mountain Rest, SC is elevated. Investors should budget normal turnover but not chronic empty units.
Is Mountain Rest, SC suited for a house hack?
The a challenging house-hack environment in Mountain Rest, SC reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What investment strategy works best in Mountain Rest, SC?
In Mountain Rest, SC the durable play is typically careful cash-flow rentals with hands-on management. The combination of $264K prices and $936/mo rents suits that approach.
You know 29664 now. You don’t know where it ranks.
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How 29664 ranks in Seneca, SC
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