Real Estate Investing in New Ellenton, South Carolina (29809)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29809 (New Ellenton, SC)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 17.4% 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 New Ellenton, SC (29809)?
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Market Analysis: 29809 New Ellenton
ZIP 29809 in New Ellenton, SC carries a substantial set of headwinds. Home values near $140K and rents of $873/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 29809 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
On balance, 29809 offers a low basis, the region around New Ellenton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 29809 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. impressive returns are possible in 29809, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in New Ellenton:
Market Trends
Home Value History (with trend line)
📊 How Does 29809 Compare?
| Metric | 29809 | New Ellenton | South Carolina |
|---|---|---|---|
| Home Value | $140,280 | $140,280 | $299,690 |
| 5-Year CAGR | 2.0% | 2.0% | 7.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29809 (New Ellenton, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $140,280 |
| Monthly Rent | $873 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +16.8% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (4.9%). 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 29809
Population: 2,426
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 29809
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 871 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach New Ellenton, SC?
In New Ellenton, SC the durable play is typically careful cash-flow rentals with hands-on management. The combination of $140K prices and $873/mo rents suits that approach.
How deep is the rental pool in New Ellenton, SC?
The tenant pool in New Ellenton, SC is solid, supported by local employment and population fundamentals. Rents of $873/mo are well-absorbed by the market.
How much is rent in New Ellenton, SC?
Rents in New Ellenton, SC run near $873/mo. Compared with median home prices of $140K that produces solid gross yields for typical rentals.
Do rentals sit vacant long in New Ellenton, SC?
Rental vacancy in New Ellenton, SC is elevated. Investors should budget normal turnover but not chronic empty units.
Is New Ellenton, SC landlord-friendly?
SC ranks as a landlord-friendly state for landlord-tenant law. New Ellenton generally follows the statewide framework, so landlords face reasonable operating rules.
You know 29809 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29809 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 29809 ranks in Augusta-Richmond County, GA-SC
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