Real Estate Investing in Gloverville, South Carolina (29828)
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Should you buy in 29828 (Gloverville, SC)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 30.2% of homes vacant — above national norms.
- Higher unemployment: 7.8% unemployment — tenant risk signal.
- Lower household income: $39,375 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gloverville, SC (29828)?
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Market Analysis: 29828 Gloverville
ZIP 29828 offers what many appreciation markets cannot: an affordable basis at $70K and rent support of $1,116/mo for rehab-driven equity creation in Aiken County.
Value-add is the defining thesis in 29828. Homes trade near $70K, well below the state median, and rehabbed comps tend to clear meaningfully higher — a classic forced-equity setup.
In Aiken County, 29828 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
A renter-heavy, wage-earner demographic anchors 29828. Value-add players rely on that mix — the 52% share is both the tenant source and the buyer pool for future owner-occupied exits.
Value-add plays pencil in 29828 when three things line up: a sub-median purchase, a realistic rehab budget, and a post-rehab rent comp that stands up. All three are present in this ZIP.
Here's what matters if you're considering buying a home in Gloverville:
Market Trends
Home Value History (with trend line)
📊 How Does 29828 Compare?
| Metric | 29828 | Gloverville | South Carolina |
|---|---|---|---|
| Home Value | $69,597 | $69,597 | $299,690 |
| 5-Year CAGR | N/A | N/A | 7.3% |
| Avg Rent | $1,116 | $1,116 | - |
| Cap Rate | 12.5% | 12.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 29828 (Gloverville, SC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $69,597 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 5.2:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 19.2% |
| Cap Rate | 12.5% |
| 5-Year IRR | 9.8% |
📈 Home Appreciation
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (12.5%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 29828
Population: 419
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 29828
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Jefferson Elementary
Warrenville Elementary
Langley-Bath-Clearwater Middle
Aiken County Career Center
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 3,855 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Gloverville, SC?
Rent in Gloverville, SC is around $1,116/mo. The resulting rent-to-value relationship with $70K pricing is reasonable for most investor models.
Are 1% rule properties available in Gloverville, SC?
Hitting the 1% rule in Gloverville, SC is realistic given the 1.60% average rent-to-price. Most value-add properties push well above that line.
Can investors BRRRR in Gloverville, SC?
BRRRR works a strong in Gloverville, SC. With $70K ARVs and $1,116/mo rents, investors who buy right can refinance out most of their capital.
Is Gloverville, SC a good market for FHA house hackers?
The house hack math an attractive in Gloverville, SC. Owner-occupant buyers benefit from the $1,116/mo rents and $70K home values.
How expensive is real estate in Gloverville, SC?
In Gloverville, SC the median home value sits at $70K. Against the broader SC market, that reads as reasonable for most investors.
You know 29828 now. You don’t know where it ranks.
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How 29828 ranks in Augusta-Richmond County, GA-SC
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