Summerville, SC—29486
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 $407,000, with a year-over-year change of -0.8%. 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 | $407,000 | -0.8% |
| Single Family | $407,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $413,000 | -0.2% |
3 Bed | $354,000 | -1.4% |
4 Bed | $414,000 | -1.7% |
| 5 Bed | $463,000 | -1.1% |
% of Housing Stock
Rental Trends — Summerville, SC
As of July '25, Rentcast reports the average rent in Summerville, SC is $1,900, with a year-over-year rent change of -21.8%. Per bedroom, the median rent as of July '25 in Summerville, SC is studios: $1,500, 1-bedrooms: $1,580, 2-bedrooms: $1,980, 3-bedrooms: $2,350, 4-bedrooms: $2,620. The most common rental property sizes in Summerville, SC are 3-bedroom and 2-bedroom, accounting for 41.2% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,900 |
| Studio Rent | $1,480 | $1,500 |
| 1 Bed Rent | $1,560 | $1,580 |
| 2 Bed Rent | $1,950 | $1,980 |
| 3 Bed Rent | $2,340 | $2,350 |
| 4 Bed Rent | $2,500 | $2,620 |
% 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 62. 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $441,000 | -2.0% |
Listing Count | 544 | 12.0% |
| Listings as % of Homes | 2.3% | 12.0% |
Days on Market | 62 | 24.0% |
Demographics — Summerville, SC
Summerville, SC lacks sufficient demographic data for analysis.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,000 | N/A |
% Under 18 | 24.2% | N/A |
% Seniors | 13.6% | N/A |
% WFH | 8.0% | N/A |
% w/ College Degree | 31.5% | N/A |
Summerville, SC lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.3% | N/A |
% Black | 19.4% | N/A |
% Hispanic | 9.7% | N/A |
% Asian | 2.1% | N/A |
% Foreign Born | 5.4% | N/A |
Mortgage and Risk — Summerville, SC
According to HUD data as of 2023, there were 2337 mortgage originations in Summerville, SC, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 47.0% 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. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,337 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Summerville, SC
As of 2024, the percent of homes in Summerville, SC under the Section 8 program is 4.5%. 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. 1-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 203 |
Total Units Section 8 | 202 |
% Rentals under Section 8 | 4.5% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,560 | $1,660 |
| 2 Bedroom | -$110 | $1,950 | $1,840 |
| 3 Bedroom | -$60 | $2,340 | $2,280 |
| 4 Bedroom | $180 | $2,500 | $2,680 |
Affordability — Summerville, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $407,000 |
| Median Household Income | $87,400 |