Real Estate Investing in Chesterfield, South Carolina (29709)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29709 (Chesterfield, 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.
- High vacancy: 14.6% 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 Chesterfield, SC (29709)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29709 Chesterfield
ZIP 29709 inside Chesterfield County looks affordable on the surface — median value of $186K — but the discount exists for reasons that a careful buyer should understand before committing.
The investment case in 29709 is robust only for operators who understand what they are buying. A $186K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 29709 sits on the difficult end of the SC spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 29709 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 29709 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 Chesterfield:
Market Trends
Home Value History (with trend line)
📊 How Does 29709 Compare?
| Metric | 29709 | Chesterfield | South Carolina |
|---|---|---|---|
| Home Value | $185,539 | $161,695 | $299,690 |
| 5-Year CAGR | 4.4% | 4.4% | 7.3% |
| Avg Rent | $810 | $860 | - |
| Cap Rate | 3.4% | 4.3% | - |
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 29709 (Chesterfield, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,539 |
| Monthly Rent | $810 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (3.4%). 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 29709
Population: 5,903
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 29709
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 546 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Chesterfield, SC?
Homes in Chesterfield, SC typically sell near $186K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
How strict are landlord regulations in Chesterfield, SC?
Chesterfield, SC operates under SC law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
How does Chesterfield, SC stack up for property investment?
Yes - Chesterfield, SC a 3.0/5 investability score. With $186K home prices against $810/mo monthly rent, the market delivers a reasonable entry point for new investors.
Can I house hack in Chesterfield, SC?
Chesterfield, SC offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $810/mo rent level.
Which real estate strategy fits Chesterfield, SC?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Chesterfield, SC. The numbers - $186K homes against $810/mo rents - support that play.
You know 29709 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29709 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.
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