Fredonia, SC—29070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fredonia, SC
As of Oct '25, the median home price in Fredonia, SC is $247,000, with a year-over-year change of -1.4%. This indicates that home prices in Fredonia, SC are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | -1.4% |
| Single Family | $247,000 | -1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $193,000 | 0.0% |
3 Bed | $243,000 | 1.2% |
4 Bed | $397,000 | 2.8% |
| 5 Bed | $633,000 | 4.5% |
% of Housing Stock
Rental Trends — Fredonia, SC
As of July '25, Rentcast reports the average rent in Fredonia, SC is $2,390, with a year-over-year rent change of 6.2%. Per bedroom, the median rent as of July '25 in Fredonia, SC is 1-bedrooms: $800, 2-bedrooms: $2,000, 3-bedrooms: $3,050, 4-bedrooms: $3,700. The most common rental property sizes in Fredonia, SC are 3-bedroom and 2-bedroom, accounting for 50.2% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,390 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $800 |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $3,050 | $3,050 |
| 4 Bed Rent | $3,700 | $3,700 |
% of Rental Stock
Property Listings — Fredonia, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Fredonia, SC is 55. This is a increase of 30.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | -30.0% |
Listing Count | 44 | 12.0% |
| Listings as % of Homes | 0.2% | 12.0% |
Days on Market | 55 | 30.0% |
Demographics — Fredonia, SC
As of the latest ACS Survey released in 2023, Fredonia, SC has a population of 15,500, which has decreased by -2.4% over the past 5 years. Fredonia, SC is a moderately popular place for families, as children make up 21.5% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,500 | -2.4% |
% Under 18 | 21.5% | -4.4% |
% Seniors | 17.8% | 4.7% |
% WFH | 7.7% | 133.3% |
% w/ College Degree | 18.3% | 5.8% |
As of the latest ACS Survey released in 2023, Fredonia, SC is a predominantly white area, with 76.3% of the population identifying as white. The white population has shrunk by 9.2% in the last 5 years. The second most common race or ethnicity in Fredonia, SC is black, making up 11.6% of the population. Foreign-born residents account for 4.0% of the population in Fredonia, SC, and this percentage has decreased by 2.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.3% | -9.2% |
% Black | 11.6% | 38.1% |
% Hispanic | 6.7% | 17.5% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 4.0% | -2.4% |
Mortgage and Risk — Fredonia, SC
According to HUD data as of 2023, there were 269 mortgage originations in Fredonia, SC, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Fredonia, SC. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 269 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Fredonia, SC
As of 2024, the percent of homes in Fredonia, SC under the Section 8 program is 6.2%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Fredonia, SC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 66 |
Total Units Section 8 | 66 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $800 | $1,000 |
| 2 Bedroom | -$870 | $2,000 | $1,130 |
| 3 Bedroom | -$1,610 | $3,050 | $1,440 |
| 4 Bedroom | -$1,970 | $3,700 | $1,730 |
Affordability — Fredonia, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $247,000 |
| Median Household Income | $64,800 |