Great Falls, SC—29055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Great Falls, SC
As of Oct '25, the median home price in Great Falls, SC is $126,000, with a year-over-year change of -0.7%. This indicates that home prices in Great Falls, SC are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $126,000 | -0.7% |
| Single Family | $126,000 | 0.0% |
| 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 | $193,000 | 3.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Great Falls, SC
As of July '25, Rentcast reports the average rent in Great Falls, SC is $637, with a year-over-year rent change of -57.5%. Per bedroom, the median rent as of July '25 in Great Falls, SC is 1-bedrooms: $637. The most common rental property sizes in Great Falls, SC are 3-bedroom and 2-bedroom, accounting for 56.8% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $637 | $637 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $637 | $637 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Great Falls, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Great Falls, SC is 75. This is a decrease of -34.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $213,000 | -1.0% |
Listing Count | 21 | 5.0% |
| Listings as % of Homes | 0.3% | 5.0% |
Days on Market | 75 | -34.0% |
Demographics — Great Falls, SC
As of the latest ACS Survey released in 2023, Great Falls, SC has a population of 3,860, which has decreased by -4.4% over the past 5 years. Great Falls, SC is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 12.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,860 | -4.4% |
% Under 18 | 24.4% | -3.9% |
% Seniors | 22.5% | 5.6% |
% WFH | 5.0% | 400.0% |
% w/ College Degree | 12.4% | 17.0% |
As of the latest ACS Survey released in 2023, Great Falls, SC is a predominantly white area, with 49.5% of the population identifying as white. The white population has shrunk by 24.9% in the last 5 years. The second most common race or ethnicity in Great Falls, SC is black, making up 36.5% of the population. Foreign-born residents account for 1.5% of the population in Great Falls, SC, and this percentage has increased by 275.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.5% | -24.9% |
% Black | 36.5% | 18.9% |
% Hispanic | 2.7% | 575.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.5% | 275.0% |
Mortgage and Risk — Great Falls, SC
According to HUD data as of 2023, there were 79 mortgage originations in Great Falls, SC, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Great Falls, SC. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 79 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Great Falls, SC
Great Falls, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 81 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 19.8% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $363 | $637 | $1,000 |
| 2 Bedroom | N/A | N/A | $1,130 |
| 3 Bedroom | N/A | N/A | $1,500 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Great Falls, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $126,000 |
| Median Household Income | $43,600 |