Ridge Spring, SC—29129
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ridge Spring, SC
As of Oct '25, the median home price in Ridge Spring, SC is $144,000, with a year-over-year change of -10.1%. This indicates that home prices in Ridge Spring, SC are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $144,000 | -10.1% |
| Single Family | $143,000 | -8.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $273,000 | 6.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ridge Spring, SC
As of July '25, Rentcast reports the average rent in Ridge Spring, SC is $1,160, with a year-over-year rent change of -27.0%. Per bedroom, the median rent as of July '25 in Ridge Spring, SC is studios: $1,000, 4-bedrooms: $1,320. The most common rental property sizes in Ridge Spring, SC are 2-bedroom and 3-bedroom, accounting for 46.0% and 42.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,160 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,320 | $1,320 |
% of Rental Stock
Property Listings — Ridge Spring, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Ridge Spring, SC is 61. This is a decrease of -36.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $231,000 | -39.0% |
Listing Count | 10 | 150.0% |
| Listings as % of Homes | 0.3% | 150.0% |
Days on Market | 61 | -36.0% |
Demographics — Ridge Spring, SC
As of the latest ACS Survey released in 2023, Ridge Spring, SC has a population of 5,330, which has increased by 86.7% over the past 5 years. Ridge Spring, SC is a popular place for families, as children make up 26.2% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,330 | 86.7% |
% Under 18 | 26.2% | 88.5% |
% Seniors | 18.2% | 4.6% |
% WFH | 4.7% | -44.0% |
% w/ College Degree | 26.5% | 103.8% |
As of the latest ACS Survey released in 2023, Ridge Spring, SC is a predominantly white area, with 48.2% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in Ridge Spring, SC is black, making up 39.3% of the population. Foreign-born residents account for 5.8% of the population in Ridge Spring, SC, and this percentage has decreased by 52.8% 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 | 48.2% | 0.4% |
% Black | 39.3% | 12.0% |
% Hispanic | 9.1% | -45.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 5.8% | -52.8% |
Mortgage and Risk — Ridge Spring, SC
According to HUD data as of 2023, there were 22 mortgage originations in Ridge Spring, SC, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Ridge Spring, SC. Investor activity is low, as 5.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 22 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Ridge Spring, SC
Ridge Spring, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 3.5% |
% 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 | N/A | N/A | $1,130 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | $410 | $1,320 | $1,730 |
Affordability — Ridge Spring, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $144,000 |
| Median Household Income | $62,000 |