Pelion, SC—29123
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pelion, SC
As of Oct '25, the median home price in Pelion, SC is $137,000, with a year-over-year change of -10.3%. This indicates that home prices in Pelion, SC are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $137,000 | -10.3% |
| Single Family | $137,000 | -8.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $105,000 | -3.7% |
3 Bed | $150,000 | 0.7% |
4 Bed | $202,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $925 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $925 | $925 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Pelion, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Pelion, SC is 37. This is a increase of 139.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $241,000 | 26.0% |
Listing Count | 15 | 243.0% |
| Listings as % of Homes | 0.1% | 243.0% |
Days on Market | 37 | 139.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,000 |
| 2 Bedroom | $205 | $925 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Pelion, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $137,000 |
| Median Household Income | $56,400 |