Pelion, SC 29123 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Pelion, SC—29123

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$145,000

8.3% YoY Growth

Household Income

$56,400

28.3% YoY Growth

Days on Market

241.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$925

33.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$925

N/A

3-Bed Rent

N/A

Home Price Trends — Pelion, SC

As of Dec '25, the median home price in Pelion, SC is $145,000, with a year-over-year change of -8.3%. This indicates that home prices in Pelion, SC are decreasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$145,000	-8.3%
Single Family	$145,000	-5.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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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 Dec '25, Realtor.com reports that the median days on market for a home in Pelion, SC is 50. This is a increase of 831.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$262,000	46.0%
Listing Count	18	227.0%
Listings as % of Homes	0.1%	227.0%
Days on Market	53	241.0%

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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.

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%

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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

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%

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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

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%

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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 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

Pelion, SC—29123

Key Metrics at a Glance

Home Price Trends — Pelion, SC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pelion, SC

% of Rental Stock

Property Listings — Pelion, SC

Demographics — Pelion, SC

Race and Ethnicity

Mortgage and Risk — Pelion, SC

Mortgages

Rentals and Section 8 — Pelion, SC

Section 8 Market Size

Section 8 Opportunity

Affordability — Pelion, SC

Home Price to Income Ratio

Pelion, SC — ZIP Code Boundary Map

Nearby ZIP Codes

Lexington, SC

Perry, SC

Gaston, SC

Camp Rawls, SC

Springdale, SC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$145,000
Median Household Income	$56,400

Pelion, SC—29123

Key Metrics at a Glance

Home Price Trends — Pelion, SC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Pelion, SC

% of Rental Stock

Property Listings — Pelion, SC

Demographics — Pelion, SC

Race and Ethnicity

Mortgage and Risk — Pelion, SC

Mortgages

Rentals and Section 8 — Pelion, SC

Section 8 Market Size

Section 8 Opportunity

Affordability — Pelion, SC

Home Price to Income Ratio

Pelion, SC — ZIP Code Boundary Map

Nearby ZIP Codes

Lexington, SC

Perry, SC

Gaston, SC

Camp Rawls, SC

Springdale, SC

Frequently Asked Questions

What is the average home price in Pelion, SC 29123?

How have home prices in Pelion, SC 29123 changed over the past year?

What is the home price projection for Pelion, SC 29123?

What are the demographics of Pelion, SC 29123?

How long does it take homes to sell in Pelion, SC 29123?

What is the average rent price in Pelion, SC 29123?