Chesnee, SC—29323
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Chesnee, SC
As of Oct '25, the median home price in Chesnee, SC is $279,000, with a year-over-year change of 4.5%. This indicates that home prices in Chesnee, SC are increasing. 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 | $279,000 | 4.5% |
| Single Family | $280,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $164,000 | 4.5% |
3 Bed | $283,000 | 4.4% |
4 Bed | $396,000 | 3.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Chesnee, SC
As of July '25, Rentcast reports the average rent in Chesnee, SC is $1,680, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Chesnee, SC is 2-bedrooms: $1,400, 3-bedrooms: $1,750. The most common rental property sizes in Chesnee, SC are 2-bedroom and 3-bedroom, accounting for 49.4% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $1,600 | $1,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Chesnee, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Chesnee, SC is 62. This is a increase of 8.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $349,000 | -3.0% |
Listing Count | 150 | 2.0% |
| Listings as % of Homes | 1.8% | 2.0% |
Days on Market | 62 | 8.0% |
Demographics — Chesnee, SC
As of the latest ACS Survey released in 2023, Chesnee, SC has a population of 15,100, which has increased by 20.8% over the past 5 years. Chesnee, SC is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,100 | 20.8% |
% Under 18 | 24.9% | 29.7% |
% Seniors | 15.9% | -17.2% |
% WFH | 4.8% | 60.0% |
% w/ College Degree | 18.3% | 21.2% |
As of the latest ACS Survey released in 2023, Chesnee, SC is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Chesnee, SC is hispanic, making up 6.9% of the population. Foreign-born residents account for 6.3% of the population in Chesnee, SC, and this percentage has increased by 65.8% 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 | 81.7% | -2.5% |
% Black | 5.4% | -47.6% |
% Hispanic | 6.9% | 137.9% |
% Asian | 2.9% | 93.3% |
% Foreign Born | 6.3% | 65.8% |
Mortgage and Risk — Chesnee, SC
According to HUD data as of 2023, there were 493 mortgage originations in Chesnee, SC, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Chesnee, SC. Investor activity is low, as 0.0% 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 | 493 |
% Conventional Loans | 67.0% |
% Government Loans | 33.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Chesnee, SC
Chesnee, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 49 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | -$370 | $1,400 | $1,030 |
| 3 Bedroom | -$290 | $1,600 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Chesnee, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $279,000 |
| Median Household Income | $59,800 |