Real Estate Investing in Mc Cormick, South Carolina (29835)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 29835 (Mc Cormick, 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: 22.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mc Cormick, SC (29835)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 29835 Mc Cormick
Not every below-median market is a bargain. Mc Cormick's 29835 ZIP reflects signals that favor experienced operators who can absorb the risk $344K pricing implies.
From a cash-flow lens, the numbers look inviting — $344K purchase price, 0.0% nominal cap — the work to hit that pro forma in 29835 is substantial and deserves full respect.
Regionally, 29835 sits on the difficult end of the SC spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
A impressive renter share of 16% in 29835 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Mc Cormick:
Property Strategy for 29835
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $382,447 | $1,270 | 2.4% | +9.7% | $127,482 |
| 4BR | $496,459 | $1,450 | 2.1% | +10.0% | $124,115 |
Market Trends
Home Value History (with trend line)
📊 How Does 29835 Compare?
| Metric | 29835 | Mc Cormick | South Carolina |
|---|---|---|---|
| Home Value | $343,871 | $343,871 | $299,690 |
| 5-Year CAGR | 6.6% | 6.6% | 7.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.0% | 2.0% | - |
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 29835 (Mc Cormick, SC). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 29835 (Mc Cormick, SC)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $343,871 |
| Monthly Rent | $873 |
| Price-to-Rent | 32.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (2.0%). 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 29835
Population: 6,325
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 29835
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
What is the median home value in Mc Cormick, SC?
Mc Cormick, SC home values average about $344K. That price point suits investors targeting rentals with $873/mo in monthly income.
Do landlords face vacancy issues in Mc Cormick, SC?
Mc Cormick, SC vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How viable is house hacking in Mc Cormick, SC?
Mc Cormick, SC is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $344K price point reasonable to enter.
Is SC a landlord-friendly state?
SC ranks as a landlord-friendly state for landlord-tenant law. Mc Cormick generally follows the statewide framework, so landlords face reasonable operating rules.
How deep is the rental pool in Mc Cormick, SC?
Mc Cormick, SC draws a measured base of working renters. Demand at the $873/mo rent level is reasonable for standard single-family and small multi rentals.
You know 29835 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 29835 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 29835 ranks in Augusta-Richmond County, GA-SC
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 29835 (Mc Cormick)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 29835 (Mc Cormick, SC).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.