Boiling Springs, SC—29316
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boiling Springs, SC
As of Oct '25, the median home price in Boiling Springs, SC is $279,000, with a year-over-year change of 2.0%. This indicates that home prices in Boiling Springs, SC are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $279,000 | 2.0% |
| Single Family | $279,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $191,000 | 4.9% |
3 Bed | $262,000 | 2.3% |
4 Bed | $327,000 | 1.6% |
| 5 Bed | $379,000 | 3.0% |
% of Housing Stock
Rental Trends — Boiling Springs, SC
As of July '25, Rentcast reports the average rent in Boiling Springs, SC is $1,700, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Boiling Springs, SC is 1-bedrooms: $1,100, 2-bedrooms: $1,400, 3-bedrooms: $1,780, 4-bedrooms: $2,070. The most common rental property sizes in Boiling Springs, SC are 2-bedroom and 3-bedroom, accounting for 40.9% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $1,780 | $1,780 |
| 4 Bed Rent | $2,040 | $2,070 |
% of Rental Stock
Property Listings — Boiling Springs, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Boiling Springs, SC is 52. This is a decrease of -14.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | 6.0% |
Listing Count | 241 | -2.0% |
| Listings as % of Homes | 1.5% | -2.0% |
Days on Market | 52 | -14.0% |
Demographics — Boiling Springs, SC
As of the latest ACS Survey released in 2023, Boiling Springs, SC has a population of 31,900, which has increased by 19.3% over the past 5 years. Boiling Springs, SC is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,900 | 19.3% |
% Under 18 | 24.9% | 3.8% |
% Seniors | 13.2% | -9.6% |
% WFH | 7.4% | 184.6% |
% w/ College Degree | 26.4% | -0.8% |
As of the latest ACS Survey released in 2023, Boiling Springs, SC is a predominantly white area, with 71.6% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Boiling Springs, SC is black, making up 14.8% of the population. Foreign-born residents account for 11.0% of the population in Boiling Springs, SC, and this percentage has increased by 34.1% 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 | 71.6% | -6.6% |
% Black | 14.8% | 4.2% |
% Hispanic | 5.2% | 36.8% |
% Asian | 4.8% | 50.0% |
% Foreign Born | 11.0% | 34.1% |
Mortgage and Risk — Boiling Springs, SC
According to HUD data as of 2023, there were 810 mortgage originations in Boiling Springs, SC, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Boiling Springs, SC. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 810 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Boiling Springs, SC
As of 2024, the percent of homes in Boiling Springs, SC under the Section 8 program is 4.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Boiling Springs, SC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 142 |
Total Units Section 8 | 120 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,100 | $1,130 |
| 2 Bedroom | -$150 | $1,400 | $1,250 |
| 3 Bedroom | -$240 | $1,780 | $1,540 |
| 4 Bedroom | -$360 | $2,040 | $1,680 |
Affordability — Boiling Springs, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $279,000 |
| Median Household Income | $75,800 |