Lyman, SC—29365
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lyman, SC
Home Price Trends — Lyman, SC
As of Oct '25, the median home price in Lyman, SC is $302,000, with a year-over-year change of 1.4%. This indicates that home prices in Lyman, 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 | $302,000 | 1.4% |
| Single Family | $302,000 | 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 | $198,000 | 3.1% |
3 Bed | $289,000 | 1.8% |
4 Bed | $334,000 | 0.6% |
| 5 Bed | $379,000 | 0.3% |
% of Housing Stock
Rental Trends — Lyman, SC
As of July '25, Rentcast reports the average rent in Lyman, SC is $2,060, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Lyman, SC is 1-bedrooms: $1,260, 2-bedrooms: $1,550, 3-bedrooms: $2,100, 4-bedrooms: $2,250. The most common rental property sizes in Lyman, SC are 2-bedroom and 3-bedroom, accounting for 41.7% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,070 | $2,060 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,260 | $1,260 |
| 2 Bed Rent | $1,500 | $1,550 |
| 3 Bed Rent | $2,000 | $2,100 |
| 4 Bed Rent | $2,150 | $2,250 |
% of Rental Stock
Property Listings — Lyman, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Lyman, SC is 45. This is a decrease of -25.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $331,000 | 8.0% |
Listing Count | 131 | -4.0% |
| Listings as % of Homes | 1.6% | -4.0% |
Days on Market | 45 | -25.0% |
Demographics — Lyman, SC
As of the latest ACS Survey released in 2023, Lyman, SC has a population of 14,600, which has increased by 29.9% over the past 5 years. Lyman, SC is a popular place for families, as children make up 28.4% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,600 | 29.9% |
% Under 18 | 28.4% | 10.9% |
% Seniors | 12.7% | -15.3% |
% WFH | 11.6% | 346.2% |
% w/ College Degree | 25.3% | 17.7% |
As of the latest ACS Survey released in 2023, Lyman, SC is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Lyman, SC is black, making up 10.8% of the population. Foreign-born residents account for 9.2% of the population in Lyman, SC, and this percentage has increased by 155.6% 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 | 74.0% | -12.0% |
% Black | 10.8% | 2.9% |
% Hispanic | 9.5% | 187.9% |
% Asian | 2.4% | 71.4% |
% Foreign Born | 9.2% | 155.6% |
Mortgage and Risk — Lyman, SC
According to HUD data as of 2023, there were 545 mortgage originations in Lyman, SC, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Lyman, SC. Investor activity is low, as 0.0% 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 | 545 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Lyman, SC
As of 2024, the percent of homes in Lyman, SC under the Section 8 program is 4.9%. 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 units appear to be good home sizes to consider for Section 8 housing in Lyman, SC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 37 |
Total Units Section 8 | 37 |
% Rentals under Section 8 | 4.9% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $1,260 | $1,370 |
| 2 Bedroom | $20 | $1,500 | $1,520 |
| 3 Bedroom | -$130 | $2,000 | $1,870 |
| 4 Bedroom | -$100 | $2,150 | $2,050 |
Affordability — Lyman, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $302,000 |
| Median Household Income | $73,100 |