Summerville, SC—29485
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 $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 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $366,000 | -0.6% |
| Single Family | $368,000 | -0.5% |
| Condos | $243,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | 0.0% |
3 Bed | $332,000 | -0.9% |
4 Bed | $412,000 | -0.2% |
| 5 Bed | $483,000 | 0.2% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 increase of 27.0% 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 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 | $387,000 | 3.0% |
Listing Count | 393 | 30.0% |
| Listings as % of Homes | 0.8% | 30.0% |
Days on Market | 57 | 27.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,700 | 2.9% |
% Under 18 | 26.8% | 3.1% |
% Seniors | 14.5% | 11.5% |
% WFH | 9.8% | 157.9% |
% w/ College Degree | 34.9% | 11.9% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $366,000 |
| Median Household Income | $83,300 |