Summerville, SC—29483
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summerville, SC
As of Oct '25, the median home price in Summerville, SC is $359,000, 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 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $359,000 | -1.0% |
| Single Family | $360,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $280,000 | 0.0% |
3 Bed | $328,000 | -0.9% |
4 Bed | $411,000 | -0.7% |
| 5 Bed | $486,000 | -0.6% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Summerville, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Summerville, SC is 57. 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 2.0% |
Listing Count | 362 | 8.0% |
| Listings as % of Homes | 1.2% | 8.0% |
Days on Market | 57 | -5.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $359,000 |
| Median Household Income | $82,200 |