Summerton, SC—29148
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summerton, SC
As of Oct '25, the median home price in Summerton, SC is $193,000, with a year-over-year change of -5.1%. This indicates that home prices in Summerton, SC are decreasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $193,000 | -5.1% |
| Single Family | $192,000 | -5.4% |
| 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 | $324,000 | 1.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Summerton, SC
As of July '25, Rentcast reports the average rent in Summerton, SC is $1,050, with a year-over-year rent change of -16.0%. Per bedroom, the median rent as of July '25 in Summerton, SC is 1-bedrooms: $1,000, 3-bedrooms: $1,100. The most common rental property sizes in Summerton, SC are 3-bedroom and 2-bedroom, accounting for 35.7% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,050 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,100 | $1,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Summerton, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Summerton, SC is 84. This is a increase of 11.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -16.0% |
Listing Count | 39 | 5.0% |
| Listings as % of Homes | 0.6% | 5.0% |
Days on Market | 84 | 11.0% |
Demographics — Summerton, SC
As of the latest ACS Survey released in 2023, Summerton, SC has a population of 5,750, which has decreased by -16.7% over the past 5 years. Summerton, SC is a less popular place for families, as children make up 14.6% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,750 | -16.7% |
% Under 18 | 14.6% | -4.6% |
% Seniors | 30.5% | 14.2% |
% WFH | 6.8% | 83.8% |
% w/ College Degree | 21.3% | 40.1% |
As of the latest ACS Survey released in 2023, Summerton, SC is a predominantly black area, with 51.6% of the population identifying as black. The black population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Summerton, SC is white, making up 43.0% of the population. Foreign-born residents account for 1.3% of the population in Summerton, SC, and this percentage has increased by 160.0% 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 | 43.0% | -9.7% |
% Black | 51.6% | 1.2% |
% Hispanic | 2.7% | 285.7% |
% Asian | 0.4% | 300.0% |
% Foreign Born | 1.3% | 160.0% |
Mortgage and Risk — Summerton, SC
According to HUD data as of 2023, there were 82 mortgage originations in Summerton, SC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Summerton, SC. Investor activity is low, as 6.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 82 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 6.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Summerton, SC
Summerton, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 53 |
Total Units Section 8 | 53 |
% Rentals under Section 8 | 10.0% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,000 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | $140 | $1,100 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Summerton, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $193,000 |
| Median Household Income | $46,500 |