Saint Matthews, SC—29135
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Saint Matthews, SC
As of Oct '25, the median home price in Saint Matthews, SC is $166,000, with a year-over-year change of -10.3%. This indicates that home prices in Saint Matthews, SC are decreasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | -10.3% |
| Single Family | $165,000 | -9.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $210,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Saint Matthews, SC
As of July '25, Rentcast reports the average rent in Saint Matthews, SC is $1,240, with a year-over-year rent change of 90.8%. Per bedroom, the median rent as of July '25 in Saint Matthews, SC is 1-bedrooms: $825, 2-bedrooms: $900. The most common rental property sizes in Saint Matthews, SC are 2-bedroom and 3-bedroom, accounting for 41.7% and 39.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $825 |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Saint Matthews, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Saint Matthews, SC is 71. This is a increase of 5.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | 14.0% |
Listing Count | 17 | 32.0% |
| Listings as % of Homes | 0.3% | 32.0% |
Days on Market | 71 | 5.0% |
Demographics — Saint Matthews, SC
As of the latest ACS Survey released in 2023, Saint Matthews, SC has a population of 7,940, which has decreased by -5.3% over the past 5 years. Saint Matthews, SC is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,940 | -5.3% |
% Under 18 | 20.8% | 0.0% |
% Seniors | 24.9% | 18.6% |
% WFH | 8.6% | 152.9% |
% w/ College Degree | 21.5% | 12.0% |
As of the latest ACS Survey released in 2023, Saint Matthews, SC is a predominantly white area, with 47.4% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Saint Matthews, SC is black, making up 44.5% of the population. Foreign-born residents account for 3.1% of the population in Saint Matthews, SC, and this percentage has increased by 47.6% 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 | 47.4% | 1.5% |
% Black | 44.5% | -8.6% |
% Hispanic | 5.5% | 27.9% |
% Asian | 0.3% | ∞% |
% Foreign Born | 3.1% | 47.6% |
Mortgage and Risk — Saint Matthews, SC
According to HUD data as of 2023, there were 69 mortgage originations in Saint Matthews, SC, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Saint Matthews, SC. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Saint Matthews, SC
Saint Matthews, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 123 |
Total Units Section 8 | 103 |
% Rentals under Section 8 | 14.6% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $650 | $1,000 |
| 2 Bedroom | $230 | $900 | $1,130 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,730 |
Affordability — Saint Matthews, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $166,000 |
| Median Household Income | $54,100 |