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Summerville, SC—29483

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$364,000
1.0% YoY Growth
Household Income
$82,200
35.6% YoY Growth
Days on Market
51
2.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$1,840
11.1% YoY Growth
1-Bed Rent
$1,410
20.8% YoY Growth
2-Bed Rent
$1,640
5.6% YoY Growth
3-Bed Rent
$2,200
0.5% YoY Growth

Other Zip Codes in Summerville, SC

2948629485
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Summerville, SC

As of May '26, the median home price in Summerville, SC is $364,000, with a year-over-year change of -1.0%. This indicates that home prices in Summerville, SC are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$364,000-1.0%
Single Family $365,000-0.8%
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
    		$283,000-1.0%
    3 Bed
    		$333,000-0.9%
    4 Bed
    		$416,000-1.0%
    5 Bed $488,203-1.6%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    4.8%
    2 Bedrooms
    16.1%
    3 Bedrooms
    46.9%
    4 Bedrooms
    25.3%
    5+ Bedrooms
    5.6%

    Rental Trends — Summerville, SC

    As of July '25, Rentcast reports the average rent in Summerville, SC is $1,920, with a year-over-year rent change of -11.1%. Per bedroom, the median rent as of July '25 in Summerville, SC is studios: $1,320, 1-bedrooms: $1,450, 2-bedrooms: $1,670, 3-bedrooms: $2,150, 4-bedrooms: $2,650. The most common rental property sizes in Summerville, SC are 2-bedroom and 3-bedroom, accounting for 43.0% and 28.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,840$1,920
    Studio Rent $1,300$1,320
    1 Bed Rent $1,410$1,450
    2 Bed Rent $1,640$1,670
    3 Bed Rent $2,200$2,150
    4 Bed Rent $2,600$2,650
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    % of Rental Stock

    Studio
    2.5%
    1 Bedroom
    19.4%
    2 Bedrooms
    43.0%
    3 Bedrooms
    28.5%
    4 Bedrooms
    5.8%
    5+ Bedrooms
    0.7%

    Property Listings — Summerville, SC

    As of May '26, Realtor.com reports that the median days on market for a home in Summerville, SC is 51. This is a increase of 2.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$410,000-4.0%
    Listing Count
    		47325.0%
    Listings as % of Homes1.2%25.0%
    Days on Market
    		512.0%
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    Demographics — Summerville, SC

    As of the latest ACS Survey released in 2023, Summerville, SC has a population of 57,000, which has decreased by -30.5% over the past 5 years. Summerville, SC is a moderately popular place for families, as children make up 24.4% of the population. The area has a moderately educated workforce, with 29.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		57,000-30.5%
    % Under 18
    		24.4%-7.2%
    % Seniors
    		15.3%15.9%
    % WFH
    		10.7%137.8%
    % w/ College Degree
    		29.9%15.0%
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    As of the latest ACS Survey released in 2023, Summerville, SC is a predominantly white area, with 68.3% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Summerville, SC is black, making up 19.6% of the population. Foreign-born residents account for 5.0% of the population in Summerville, SC, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		68.3%-2.1%
    % Black
    		19.6%-5.3%
    % Hispanic
    		6.7%36.7%
    % Asian
    		1.4%40.0%
    % Foreign Born
    		5.0%25.0%
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    Mortgage and Risk — Summerville, SC

    According to HUD data as of 2023, there were 1586 mortgage originations in Summerville, SC, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Summerville, SC. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,586
    % Conventional Loans
    		56.0%
    % Government Loans
    		44.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Summerville, SC

    As of 2024, the percent of homes in Summerville, SC under the Section 8 program is 19.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Summerville, SC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		877
    Total Units Section 8
    		865
    % Rentals under Section 8
    		19.0%
    % Occupied Section 8
    		90.2%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$40$1,410$1,450
    2 Bedroom-$40$1,640$1,600
    3 Bedroom-$220$2,200$1,980
    4 Bedroom-$270$2,600$2,330

    Affordability — Summerville, SC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$364,000
    Median Household Income$82,200

    Summerville, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Ridgeville, SC

    29472

    Summerville, SC

    29485

    Summerville, SC

    29486

    Ladson, SC

    29456

    North Charleston, SC

    29420

    Frequently Asked Questions