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Pelion, SC—29123

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$159,000
0.5% YoY Growth
Household Income
$56,400
28.3% YoY Growth
Days on Market
21
23.0% Shorter YoY
Home Price Forecast
1.0%
Median Rent
$925
33.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$925
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Pelion, SC

As of May '26, the median home price in Pelion, SC is $159,000, with a year-over-year change of 0.5%. This indicates that home prices in Pelion, SC are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$159,0000.5%
Single Family $159,0002.6%
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
    		$118,0007.3%
    3 Bed
    		$172,0006.2%
    4 Bed
    		$227,0007.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    2.0%
    2 Bedrooms
    32.9%
    3 Bedrooms
    46.8%
    4 Bedrooms
    16.1%
    5+ Bedrooms
    1.6%

    Rental Trends — Pelion, SC

    As of July '25, Rentcast reports the average rent in Pelion, SC is $925, with a year-over-year rent change of -33.0%. Per bedroom, the median rent as of July '25 in Pelion, SC is 2-bedrooms: $925. The most common rental property sizes in Pelion, SC are 2-bedroom and 3-bedroom, accounting for 50.9% and 38.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$925$925
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $925$925
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    4.4%
    2 Bedrooms
    50.9%
    3 Bedrooms
    38.9%
    4 Bedrooms
    0.6%
    5+ Bedrooms
    5.2%

    Property Listings — Pelion, SC

    As of May '26, Realtor.com reports that the median days on market for a home in Pelion, SC is 21. This is a decrease of -23.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$290,00062.0%
    Listing Count
    		31268.0%
    Listings as % of Homes0.1%268.0%
    Days on Market
    		21-23.0%
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    Demographics — Pelion, SC

    As of the latest ACS Survey released in 2023, Pelion, SC has a population of 8,020, which has decreased by -5.9% over the past 5 years. Pelion, SC is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		8,020-5.9%
    % Under 18
    		24.5%-3.9%
    % Seniors
    		11.3%29.9%
    % WFH
    		4.9%133.3%
    % w/ College Degree
    		12.7%47.7%
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    As of the latest ACS Survey released in 2023, Pelion, SC is a predominantly white area, with 78.3% 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 Pelion, SC is hispanic, making up 10.4% of the population. Foreign-born residents account for 3.8% of the population in Pelion, SC, and this percentage has increased by 11.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		78.3%-3.7%
    % Black
    		4.6%-43.2%
    % Hispanic
    		10.4%28.4%
    % Asian
    		0.5%-44.4%
    % Foreign Born
    		3.8%11.8%
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    Mortgage and Risk — Pelion, SC

    According to HUD data as of 2023, there were 83 mortgage originations in Pelion, SC, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Pelion, SC. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		83
    % Conventional Loans
    		70.0%
    % Government Loans
    		30.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Pelion, SC

    Pelion, SC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		4
    Total Units Section 8
    		4
    % Rentals under Section 8
    		0.7%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,000
    2 Bedroom$205$925$1,130
    3 BedroomN/AN/A$1,440
    4 BedroomN/AN/A$1,730

    Affordability — Pelion, SC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$159,000
    Median Household Income$56,400

    Pelion, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    29073

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    Frequently Asked Questions