Elloree, SC—29047
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Elloree, SC
As of Oct '25, the median home price in Elloree, SC is $162,000, with a year-over-year change of -6.7%. This indicates that home prices in Elloree, SC are decreasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $162,000 | -6.7% |
| Single Family | $162,000 | -7.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $179,000 | -3.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Elloree, SC
As of July '25, Rentcast reports the average rent in Elloree, SC is $1,460, with a year-over-year rent change of 24.8%. Per bedroom, the median rent as of July '25 in Elloree, SC is 1-bedrooms: $1,250, 2-bedrooms: $1,530. The most common rental property sizes in Elloree, SC are 3-bedroom and 2-bedroom, accounting for 48.7% and 41.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,250 | $1,250 |
| 2 Bed Rent | $1,650 | $1,530 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Elloree, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Elloree, SC is 81. This is a increase of 16.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $320,000 | -8.0% |
Listing Count | 14 | 5.0% |
| Listings as % of Homes | 1.2% | 5.0% |
Days on Market | 81 | 16.0% |
Demographics — Elloree, SC
As of the latest ACS Survey released in 2023, Elloree, SC has a population of 3,740, which has increased by 14.8% over the past 5 years. Elloree, SC is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,740 | 14.8% |
% Under 18 | 19.2% | 24.7% |
% Seniors | 30.4% | 0.3% |
% WFH | 7.4% | 131.2% |
% w/ College Degree | 14.8% | -14.0% |
As of the latest ACS Survey released in 2023, Elloree, SC is a predominantly black area, with 52.9% of the population identifying as black. The black population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Elloree, SC is white, making up 42.2% of the population. Foreign-born residents account for 0.3% of the population in Elloree, SC, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 42.2% | -13.5% |
% Black | 52.9% | 7.3% |
% Hispanic | 2.8% | 600.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | 0.0% |
Mortgage and Risk — Elloree, SC
According to HUD data as of 2023, there were 41 mortgage originations in Elloree, SC, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Elloree, SC. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 41 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Elloree, SC
Elloree, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$250 | $1,250 | $1,000 |
| 2 Bedroom | -$520 | $1,650 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Elloree, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $162,000 |
| Median Household Income | $35,000 |