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Summerville, SC—29485

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$366,000
0.6% YoY Growth
Household Income
$83,300
24.4% YoY Growth
Days on Market
66
23.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$1,620
14.5% YoY Growth
1-Bed Rent
$1,440
26.3% YoY Growth
2-Bed Rent
$1,550
14.3% YoY Growth
3-Bed Rent
$1,950
0.0% YoY Growth

Other Zip Codes in Summerville, SC

2948629483
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Summerville, SC

As of Dec '25, the median home price in Summerville, SC is $366,000, with a year-over-year change of -0.6%. This indicates that home prices in Summerville, SC are flat. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$366,000-0.6%
Single Family $368,000-0.3%
Condos $244,000-0.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$243,000-0.8%
    3 Bed
    		$333,000-0.9%
    4 Bed
    		$410,000-0.2%
    5 Bed $479,5110.1%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    6.6%
    2 Bedrooms
    16.7%
    3 Bedrooms
    42.1%
    4 Bedrooms
    26.1%
    5+ Bedrooms
    7.1%

    Rental Trends — Summerville, SC

    As of July '25, Rentcast reports the average rent in Summerville, SC is $1,770, with a year-over-year rent change of -14.5%. Per bedroom, the median rent as of July '25 in Summerville, SC is studios: $1,070, 1-bedrooms: $1,440, 2-bedrooms: $1,600, 3-bedrooms: $2,040, 4-bedrooms: $2,570. The most common rental property sizes in Summerville, SC are 2-bedroom and 3-bedroom, accounting for 37.4% and 36.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,620$1,770
    Studio Rent $915$1,070
    1 Bed Rent $1,440$1,440
    2 Bed Rent $1,550$1,600
    3 Bed Rent $1,950$2,040
    4 Bed Rent $2,550$2,570
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    % of Rental Stock

    Studio
    4.5%
    1 Bedroom
    16.1%
    2 Bedrooms
    37.4%
    3 Bedrooms
    36.3%
    4 Bedrooms
    5.7%

    Property Listings — Summerville, SC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Summerville, SC is 59. This is a increase of 24.0% 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
    		$375,0000.0%
    Listing Count
    		34229.0%
    Listings as % of Homes0.8%29.0%
    Days on Market
    		6623.0%
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    Demographics — Summerville, SC

    As of the latest ACS Survey released in 2023, Summerville, SC has a population of 58,700, which has increased by 2.9% over the past 5 years. Summerville, SC is a popular place for families, as children make up 26.8% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		58,7002.9%
    % Under 18
    		26.8%3.1%
    % Seniors
    		14.5%11.5%
    % WFH
    		9.8%157.9%
    % w/ College Degree
    		34.9%11.9%
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    As of the latest ACS Survey released in 2023, Summerville, SC is a predominantly white area, with 61.2% of the population identifying as white. The white population has shrunk by 9.9% in the last 5 years. The second most common race or ethnicity in Summerville, SC is black, making up 23.1% of the population. Foreign-born residents account for 7.4% of the population in Summerville, SC, and this percentage has increased by 57.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		61.2%-9.9%
    % Black
    		23.1%18.5%
    % Hispanic
    		7.3%12.3%
    % Asian
    		3.0%20.0%
    % Foreign Born
    		7.4%57.4%
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    Mortgage and Risk — Summerville, SC

    According to HUD data as of 2023, there were 1862 mortgage originations in Summerville, SC, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Summerville, SC. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		1,862
    % Conventional Loans
    		61.0%
    % Government Loans
    		39.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		8.0%
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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 5.5%. 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 Summerville, SC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		359
    Total Units Section 8
    		359
    % Rentals under Section 8
    		5.5%
    % Occupied Section 8
    		91.8%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$180$1,440$1,620
    2 Bedroom$240$1,550$1,790
    3 Bedroom$270$1,950$2,220
    4 Bedroom$60$2,550$2,610

    Affordability — Summerville, SC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$366,000
    Median Household Income$83,300

    Summerville, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Ladson, SC

    29456

    North Charleston, SC

    29420

    Summerville, SC

    29483

    Charleston, SC

    29414

    Ravenel, SC

    29470

    Frequently Asked Questions