Newberry, SC—29108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Newberry, SC
As of Oct '25, the median home price in Newberry, SC is $161,000, with a year-over-year change of -5.3%. This indicates that home prices in Newberry, SC are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $161,000 | -5.3% |
| Single Family | $161,000 | -5.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $129,000 | -1.5% |
3 Bed | $203,000 | 0.5% |
4 Bed | $288,000 | 4.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Newberry, SC
As of July '25, Rentcast reports the average rent in Newberry, SC is $1,050, with a year-over-year rent change of -5.4%. Per bedroom, the median rent as of July '25 in Newberry, SC is 1-bedrooms: $791, 2-bedrooms: $1,100, 3-bedrooms: $1,270. The most common rental property sizes in Newberry, SC are 2-bedroom and 3-bedroom, accounting for 55.0% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $791 |
| 2 Bed Rent | $975 | $1,100 |
| 3 Bed Rent | $1,350 | $1,270 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Newberry, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Newberry, SC is 61. This is a decrease of -30.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $298,000 | 38.0% |
Listing Count | 43 | -10.0% |
| Listings as % of Homes | 0.4% | -10.0% |
Days on Market | 61 | -30.0% |
Demographics — Newberry, SC
As of the latest ACS Survey released in 2023, Newberry, SC has a population of 19,900, which has decreased by -4.9% over the past 5 years. Newberry, SC is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,900 | -4.9% |
% Under 18 | 22.2% | -5.9% |
% Seniors | 17.5% | 12.2% |
% WFH | 3.6% | 63.6% |
% w/ College Degree | 23.3% | 77.9% |
As of the latest ACS Survey released in 2023, Newberry, SC is a predominantly white area, with 44.5% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Newberry, SC is black, making up 39.0% of the population. Foreign-born residents account for 9.0% of the population in Newberry, SC, and this percentage has increased by 66.7% 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 | 44.5% | -3.7% |
% Black | 39.0% | -5.8% |
% Hispanic | 14.7% | 37.4% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 9.0% | 66.7% |
Mortgage and Risk — Newberry, SC
According to HUD data as of 2023, there were 180 mortgage originations in Newberry, SC, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Newberry, SC. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 180 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Newberry, SC
Newberry, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 735 |
Total Units Section 8 | 364 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $695 | $780 |
| 2 Bedroom | $45 | $975 | $1,020 |
| 3 Bedroom | -$120 | $1,350 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Newberry, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $161,000 |
| Median Household Income | $52,500 |