Lyman, SC—29385
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 $268,000, with a year-over-year change of 1.6%. 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 | $268,000 | 1.6% |
| Single Family | $268,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $148,000 | 2.1% |
3 Bed | $257,000 | 2.0% |
4 Bed | $333,000 | 1.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,560 |
| Studio Rent | N/A | N/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 |
% 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 28. This is a increase of 9.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 8.0% |
Listing Count | 92 | -39.0% |
| Listings as % of Homes | 0.9% | -39.0% |
Days on Market | 28 | 9.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $268,000 |
| Median Household Income | $56,700 |