Real Estate Investing in Edgefield, South Carolina (29824)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29824 (Edgefield, 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: 16.8% 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 Edgefield, SC (29824)?
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Market Analysis: 29824 Edgefield
Not every below-median market is a bargain. Edgefield's 29824 ZIP records signals that favor experienced operators who can absorb the risk $224K pricing implies.
Rent of $918/mo on a $224K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 29824 sits below the stated 0.0% once reality is priced in.
From a cash-flow lens, 29824 offers a low basis, the region around Edgefield has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 29824 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 29824 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Edgefield:
Property Strategy for 29824
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $140,143 | $900 | 4.6% | +3.6% | $140,143 |
| 2BR | $263,986 | $1,020 | 2.8% | +8.2% | $131,993 |
| 3BR | $258,877 | $1,300 | 3.6% | +8.5% | $86,292 |
| 4BR | $326,192 | $1,570 | 3.5% | +6.7% | $81,548 |
Market Trends
Home Value History (with trend line)
📊 How Does 29824 Compare?
| Metric | 29824 | Edgefield | South Carolina |
|---|---|---|---|
| Home Value | $224,254 | $224,254 | $299,690 |
| 5-Year CAGR | 5.1% | 5.1% | 7.3% |
| Avg Rent | $918 | $918 | - |
| Cap Rate | 3.2% | 3.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29824 (Edgefield, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $224,254 |
| Monthly Rent | $918 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (3.2%). 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 29824
Population: 7,598
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 29824
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.
Frequently Asked Questions
Is rental property easy to operate in Edgefield, SC?
Landlord-friendliness in Edgefield, SC is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How does Edgefield, SC stack up for property investment?
Edgefield, SC registers an investability rating of 3.0/5, with median home values near $224K and average rents around $918/mo. That combination puts it in the substantial tier for investor interest.
What is the median home value in Edgefield, SC?
Typical homes in Edgefield, SC go for around $224K. The 5-year CAGR of 0.0% steady price movement.
Is Edgefield, SC suited for a house hack?
For house hackers, Edgefield, SC is a challenging. The $918/mo rent on a unit helps defray the mortgage on a $224K property.
What is the tenant pool like in Edgefield, SC?
The tenant pool in Edgefield, SC is solid, supported by local employment and population fundamentals. Rents of $918/mo are well-absorbed by the market.
You know 29824 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29824 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 29824 ranks in Augusta-Richmond County, GA-SC
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