Real Estate Investing in Ware Shoals, South Carolina (29692)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29692 (Ware Shoals, SC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 23.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.7% CAGR).
- Elevated poverty: 25.0% poverty rate — can affect rent collection.
- Lower household income: $37,260 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ware Shoals, SC (29692)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29692 Ware Shoals
Investors eyeing 29692 need to respect the fundamentals at play. Home values of $137K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $137K asset, 29692 is the wrong submarket. If the plan prices in friction, the yield can still work.
On the rental side, 29692 offers a low basis, the region around Ware Shoals has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Looking more closely, 5,471 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.
New investors are better served looking at Ware Shoals's stable or hybrid ZIPs before stepping into 29692. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Ware Shoals:
Property Strategy for 29692
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $100,149 | $900 | 6.5% | +9.3% | $50,074 |
| 3BR | $177,077 | $1,110 | 4.5% | +9.4% | $59,026 |
Market Trends
Home Value History (with trend line)
📊 How Does 29692 Compare?
| Metric | 29692 | Ware Shoals | Greenville-Anderson, SC | South Carolina |
|---|---|---|---|---|
| Home Value | $136,544 | $136,544 | N/A | $299,690 |
| 5-Year CAGR | 0.7% | 0.7% | N/A | 7.3% |
| Avg Rent | $810 | $810 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
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 29692 (Ware Shoals, SC). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 29692 (Ware Shoals, SC)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $136,544 |
| Monthly Rent | $810 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | -2.4% ▼ |
| 3-Year CAGR | -2.9% ▼ |
| 5-Year CAGR | +0.7% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 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 (4.6%). 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 29692
Population: 5,471
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 29692
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
Does Ware Shoals, SC make sense for an investment property?
Our data puts Ware Shoals, SC at 3.0/5 for investability. Home prices of $137K and rents around $810/mo create a solid backdrop for investor activity.
What do landlords charge for rent in Ware Shoals, SC?
Average rent in Ware Shoals, SC is approximately $810/mo per month. Against $137K home values that yields a reasonable rent-to-price ratio.
Does Ware Shoals, SC favor landlords or tenants?
SC ranks as a landlord-friendly state for landlord-tenant law. Ware Shoals generally follows the statewide framework, so landlords face reasonable operating rules.
Which investment style suits Ware Shoals, SC?
For Ware Shoals, SC, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is vacancy a concern in Ware Shoals, SC?
Vacancy in Ware Shoals, SC is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $810/mo.
You know 29692 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29692 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 29692 ranks in Greenville-Anderson, SC
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 29692 (Ware Shoals)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 29692 (Ware Shoals, SC).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.