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Irmo, SC—29063

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$279,000
1.4% YoY Growth
Household Income
$92,100
16.7% YoY Growth
Days on Market
45
8.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$1,800
6.0% YoY Growth
1-Bed Rent
$1,380
N/A
2-Bed Rent
$1,600
10.0% YoY Growth
3-Bed Rent
$1,780
7.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Irmo, SC

As of May '26, the median home price in Irmo, SC is $279,000, with a year-over-year change of 1.4%. This indicates that home prices in Irmo, SC are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$279,0001.4%
Single Family $279,0001.1%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$217,0000.0%
    3 Bed
    		$240,0001.3%
    4 Bed
    		$351,0000.9%
    5 Bed $480,6790.5%
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    4.0%
    2 Bedrooms
    11.0%
    3 Bedrooms
    51.4%
    4 Bedrooms
    25.1%
    5+ Bedrooms
    8.2%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    1.7%
    1 Bedroom
    18.4%
    2 Bedrooms
    24.1%
    3 Bedrooms
    45.1%
    4 Bedrooms
    9.6%
    5+ Bedrooms
    1.2%

    Property Listings — Irmo, SC

    As of May '26, Realtor.com reports that the median days on market for a home in Irmo, SC is 45. This is a increase of 8.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$315,000-8.0%
    Listing Count
    		24337.0%
    Listings as % of Homes0.3%37.0%
    Days on Market
    		458.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$279,000
    Median Household Income$92,100

    Irmo, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    29212

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    Frequently Asked Questions