Wadmalaw Island, SC—29487
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wadmalaw Island, SC
As of Oct '25, the median home price in Wadmalaw Island, SC is $690,000, with a year-over-year change of -1.6%. This indicates that home prices in Wadmalaw Island, SC are decreasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $690,000 | -1.6% |
| Single Family | $692,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $446,000 | -5.9% |
3 Bed | $612,000 | -3.3% |
4 Bed | $993,000 | 0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wadmalaw Island, SC
Wadmalaw Island, SC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wadmalaw Island, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Wadmalaw Island, SC is 90. This is a increase of 25.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,880,000 | -25.0% |
Listing Count | 14 | 0.0% |
| Listings as % of Homes | 0.6% | 0.0% |
Days on Market | 90 | 25.0% |
Demographics — Wadmalaw Island, SC
As of the latest ACS Survey released in 2023, Wadmalaw Island, SC has a population of 2,700, which has decreased by -9.9% over the past 5 years. Wadmalaw Island, SC is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 40.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,700 | -9.9% |
% Under 18 | 18.7% | -10.1% |
% Seniors | 25.4% | 11.4% |
% WFH | 23.8% | 197.5% |
% w/ College Degree | 40.8% | 24.4% |
As of the latest ACS Survey released in 2023, Wadmalaw Island, SC is a predominantly white area, with 57.9% of the population identifying as white. The white population has grown by 60.8% in the last 5 years. The second most common race or ethnicity in Wadmalaw Island, SC is black, making up 31.2% of the population. Foreign-born residents account for 4.4% of the population in Wadmalaw Island, SC, and this percentage has increased by 175.0% 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 | 57.9% | 60.8% |
% Black | 31.2% | -45.7% |
% Hispanic | 7.7% | 26.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 4.4% | 175.0% |
Mortgage and Risk — Wadmalaw Island, SC
According to HUD data as of 2023, there were 49 mortgage originations in Wadmalaw Island, SC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Wadmalaw Island, SC. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 49 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Wadmalaw Island, SC
Wadmalaw Island, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,570 |
| 2 Bedroom | N/A | N/A | $1,740 |
| 3 Bedroom | N/A | N/A | $2,160 |
| 4 Bedroom | N/A | N/A | $2,540 |
Affordability — Wadmalaw Island, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $690,000 |
| Median Household Income | $93,500 |