Irmo, SC—29063
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Irmo, SC
As of Oct '25, the median home price in Irmo, SC is $273,000, with a year-over-year change of 1.3%. This indicates that home prices in Irmo, SC are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $273,000 | 1.3% |
| Single Family | $273,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 0.9% |
3 Bed | $235,000 | 0.4% |
4 Bed | $345,000 | 1.8% |
| 5 Bed | $476,000 | 2.1% |
% of Housing Stock
Rental Trends — Irmo, SC
As of July '25, Rentcast reports the average rent in Irmo, SC is $1,930, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Irmo, SC is studios: $1,710, 1-bedrooms: $1,430, 2-bedrooms: $1,760, 3-bedrooms: $1,810, 4-bedrooms: $2,340. The most common rental property sizes in Irmo, SC are 3-bedroom and 2-bedroom, accounting for 45.1% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,930 |
| Studio Rent | $1,710 | $1,710 |
| 1 Bed Rent | $1,380 | $1,430 |
| 2 Bed Rent | $1,600 | $1,760 |
| 3 Bed Rent | $1,780 | $1,810 |
| 4 Bed Rent | $2,420 | $2,340 |
% of Rental Stock
Property Listings — Irmo, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Irmo, SC is 47. This is a increase of 19.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $321,000 | 0.0% |
Listing Count | 169 | 22.0% |
| Listings as % of Homes | 0.3% | 22.0% |
Days on Market | 47 | 19.0% |
Demographics — Irmo, SC
As of the latest ACS Survey released in 2023, Irmo, SC has a population of 38,500, which has decreased by -1.6% over the past 5 years. Irmo, SC is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 46.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,500 | -1.6% |
% Under 18 | 24.4% | -7.9% |
% Seniors | 13.5% | 18.4% |
% WFH | 12.8% | 132.7% |
% w/ College Degree | 46.3% | 7.9% |
As of the latest ACS Survey released in 2023, Irmo, SC is a predominantly white area, with 64.9% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Irmo, SC is black, making up 25.9% of the population. Foreign-born residents account for 4.2% of the population in Irmo, SC, and this percentage has increased by 44.8% 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 | 64.9% | -2.7% |
% Black | 25.9% | -1.1% |
% Hispanic | 2.8% | 16.7% |
% Asian | 2.4% | 71.4% |
% Foreign Born | 4.2% | 44.8% |
Mortgage and Risk — Irmo, SC
According to HUD data as of 2023, there were 1043 mortgage originations in Irmo, SC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Irmo, SC. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,043 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Irmo, SC
As of 2024, the percent of homes in Irmo, SC under the Section 8 program is 4.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Irmo, SC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 150 |
Total Units Section 8 | 144 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,380 | $1,560 |
| 2 Bedroom | $130 | $1,600 | $1,730 |
| 3 Bedroom | $430 | $1,780 | $2,210 |
| 4 Bedroom | $230 | $2,420 | $2,650 |
Affordability — Irmo, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $273,000 |
| Median Household Income | $92,100 |