Duncan, SC—29334
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Duncan, SC
As of Oct '25, the median home price in Duncan, SC is $307,000, with a year-over-year change of 1.1%. This indicates that home prices in Duncan, SC are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $307,000 | 1.1% |
| Single Family | $307,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $170,000 | -0.6% |
3 Bed | $274,000 | 0.7% |
4 Bed | $353,000 | 1.7% |
| 5 Bed | $407,000 | 1.2% |
% of Housing Stock
Rental Trends — Duncan, SC
As of July '25, Rentcast reports the average rent in Duncan, SC is $1,820, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Duncan, SC is studios: $2,340, 1-bedrooms: $840, 2-bedrooms: $1,250, 3-bedrooms: $1,730, 4-bedrooms: $2,210. The most common rental property sizes in Duncan, SC are 2-bedroom and 3-bedroom, accounting for 33.2% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,820 |
| Studio Rent | $2,340 | $2,340 |
| 1 Bed Rent | $840 | $840 |
| 2 Bed Rent | $1,020 | $1,250 |
| 3 Bed Rent | $1,670 | $1,730 |
| 4 Bed Rent | $2,100 | $2,210 |
% of Rental Stock
Property Listings — Duncan, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Duncan, SC is 51. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 7.0% |
Listing Count | 84 | -33.0% |
| Listings as % of Homes | 1.2% | -33.0% |
Days on Market | 51 | -1.0% |
Demographics — Duncan, SC
As of the latest ACS Survey released in 2023, Duncan, SC has a population of 18,300, which has increased by 33.8% over the past 5 years. Duncan, SC is a popular place for families, as children make up 26.0% of the population. The area has a moderately educated workforce, with 34.2% 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 | 18,300 | 33.8% |
% Under 18 | 26.0% | 0.8% |
% Seniors | 11.2% | 6.7% |
% WFH | 7.4% | 184.6% |
% w/ College Degree | 34.2% | 20.4% |
As of the latest ACS Survey released in 2023, Duncan, SC is a predominantly white area, with 64.3% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Duncan, SC is black, making up 21.9% of the population. Foreign-born residents account for 9.1% of the population in Duncan, SC, and this percentage has decreased by 16.5% 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 | 64.3% | -8.9% |
% Black | 21.9% | 54.2% |
% Hispanic | 9.3% | 22.4% |
% Asian | 2.2% | -26.7% |
% Foreign Born | 9.1% | -16.5% |
Mortgage and Risk — Duncan, SC
According to HUD data as of 2023, there were 368 mortgage originations in Duncan, SC, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Duncan, SC. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 368 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Duncan, SC
As of 2024, the percent of homes in Duncan, SC under the Section 8 program is 5.0%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Duncan, SC, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 87 |
Total Units Section 8 | 87 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 84.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $840 | $1,330 |
| 2 Bedroom | $450 | $1,020 | $1,470 |
| 3 Bedroom | $140 | $1,670 | $1,810 |
| 4 Bedroom | -$120 | $2,100 | $1,980 |
Affordability — Duncan, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $307,000 |
| Median Household Income | $76,600 |