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Lyman, SC—29385

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$281,000
2.1% YoY Growth
Household Income
$56,700
21.0% YoY Growth
Days on Market
55
29.0% Shorter YoY
Home Price Forecast
1.3%
Median Rent
$1,580
27.9% YoY Growth
1-Bed Rent
$1,350
62.4% YoY Growth
2-Bed Rent
$1,580
42.1% YoY Growth
3-Bed Rent
$1,980
29.0% YoY Growth

Other Zip Codes in Lyman, SC

29365
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lyman, SC

As of May '26, the median home price in Lyman, SC is $281,000, with a year-over-year change of 2.1%. This indicates that home prices in Lyman, SC are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$281,0002.1%
Single Family $282,0002.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$155,0003.3%
    3 Bed
    		$267,0001.9%
    4 Bed
    		$328,0000.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.1%
    1 Bedroom
    3.5%
    2 Bedrooms
    31.6%
    3 Bedrooms
    48.2%
    4 Bedrooms
    14.6%
    5+ Bedrooms
    2.0%

    Rental Trends — Lyman, SC

    As of July '25, Rentcast reports the average rent in Lyman, SC is $1,560, with a year-over-year rent change of 27.9%. Per bedroom, the median rent as of July '25 in Lyman, SC is 1-bedrooms: $1,340, 2-bedrooms: $1,520, 3-bedrooms: $1,780, 4-bedrooms: $1,750. The most common rental property sizes in Lyman, SC are 2-bedroom and 3-bedroom, accounting for 73.3% and 20.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,580$1,560
    Studio Rent N/AN/A
    1 Bed Rent $1,350$1,340
    2 Bed Rent $1,580$1,520
    3 Bed Rent $1,980$1,780
    4 Bed Rent $1,750$1,750
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    % of Rental Stock

    1 Bedroom
    3.9%
    2 Bedrooms
    73.3%
    3 Bedrooms
    20.9%
    4 Bedrooms
    1.9%

    Property Listings — Lyman, SC

    As of May '26, Realtor.com reports that the median days on market for a home in Lyman, SC is 55. This is a decrease of -29.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$335,0003.0%
    Listing Count
    		71-5.0%
    Listings as % of Homes0.9%-5.0%
    Days on Market
    		55-29.0%
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    Demographics — Lyman, SC

    As of the latest ACS Survey released in 2023, Lyman, SC has a population of 7,810, which has remained stable by -0.3% over the past 5 years. Lyman, SC is a popular place for families, as children make up 27.5% of the population. The area has a poorly educated workforce, with 18.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		7,810-0.3%
    % Under 18
    		27.5%-9.2%
    % Seniors
    		17.2%39.8%
    % WFH
    		5.2%173.7%
    % w/ College Degree
    		18.7%15.4%
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    As of the latest ACS Survey released in 2023, Lyman, SC is a predominantly white area, with 64.0% of the population identifying as white. The white population has grown by 9.0% in the last 5 years. The second most common race or ethnicity in Lyman, SC is black, making up 20.3% of the population. Foreign-born residents account for 4.9% of the population in Lyman, SC, and this percentage has decreased by 24.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		64.0%9.0%
    % Black
    		20.3%-1.5%
    % Hispanic
    		8.1%-37.7%
    % Asian
    		2.5%4.2%
    % Foreign Born
    		4.9%-24.6%
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    Mortgage and Risk — Lyman, SC

    According to HUD data as of 2023, there were 247 mortgage originations in Lyman, SC, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Lyman, SC. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		247
    % Conventional Loans
    		55.0%
    % Government Loans
    		45.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Lyman, SC

    As of 2024, the percent of homes in Lyman, SC under the Section 8 program is 7.9%. 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. In Lyman, SC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		59
    Total Units Section 8
    		59
    % Rentals under Section 8
    		7.9%
    % Occupied Section 8
    		81.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$280$1,350$1,070
    2 Bedroom-$390$1,580$1,190
    3 Bedroom-$510$1,980$1,470
    4 Bedroom-$150$1,750$1,600

    Affordability — Lyman, SC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.4
    Median Home Price$281,000
    Median Household Income$56,700

    Lyman, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Startex

    29377

    Lyman, SC

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    Frequently Asked Questions