Folly Beach—29439
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Folly Beach
As of Oct '25, the median home price in Folly Beach is $1,082,000, with a year-over-year change of -7.9%. This indicates that home prices in Folly Beach are decreasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,082,000 | -7.9% |
| Single Family | $1,225,000 | -6.6% |
| Condos | $667,000 | -8.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $703,000 | -9.2% |
3 Bed | $1,011,000 | -7.2% |
4 Bed | $1,551,000 | -7.0% |
| 5 Bed | $2,070,000 | -4.7% |
% of Housing Stock
Rental Trends — Folly Beach
As of July '25, Rentcast reports the average rent in Folly Beach is $3,980, with a year-over-year rent change of -10.4%. Per bedroom, the median rent as of July '25 in Folly Beach is 2-bedrooms: $3,270, 3-bedrooms: $5,400. The most common rental property sizes in Folly Beach are 2-bedroom and 1-bedroom, accounting for 32.6% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,750 | $3,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,250 | $3,270 |
| 3 Bed Rent | $5,300 | $5,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Folly Beach
As of Oct '25, Realtor.com reports that the median days on market for a home in Folly Beach is 108. This is a decrease of -5.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,260,000 | 6.0% |
Listing Count | 71 | 21.0% |
| Listings as % of Homes | 1.6% | 21.0% |
Days on Market | 108 | -5.0% |
Demographics — Folly Beach
As of the latest ACS Survey released in 2023, Folly Beach has a population of 869, which has decreased by -62.5% over the past 5 years. Folly Beach is a less popular place for families, as children make up 2.9% of the population. The area has a highly educated workforce, with 60.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 869 | -62.5% |
% Under 18 | 2.9% | -50.8% |
% Seniors | 38.0% | 150.0% |
% WFH | 35.0% | 130.3% |
% w/ College Degree | 60.9% | -1.0% |
Folly Beach lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.2% | -5.8% |
% Black | 0.0% | N/A |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Folly Beach
According to HUD data as of 2023, there were 54 mortgage originations in Folly Beach, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 36.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Folly Beach. Investor activity is low, as 9.0% 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 | 54 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 9.0% |
% Second Loans | 24.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Folly Beach
Folly Beach lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,920 |
| 2 Bedroom | -$1,120 | $3,250 | $2,130 |
| 3 Bedroom | -$2,660 | $5,300 | $2,640 |
| 4 Bedroom | N/A | N/A | $3,110 |
Affordability — Folly Beach
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 11.4 |
| Median Home Price | $1,082,000 |
| Median Household Income | $99,800 |