Conway, SC—29527
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Conway, SC
Home Price Trends — Conway, SC
As of Oct '25, the median home price in Conway, SC is $257,000, with a year-over-year change of -3.0%. This indicates that home prices in Conway, SC are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | -3.0% |
| Single Family | $257,000 | -3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | -9.7% |
3 Bed | $260,000 | -2.6% |
4 Bed | $300,000 | -2.6% |
| 5 Bed | $327,000 | -2.4% |
% of Housing Stock
Rental Trends — Conway, SC
As of July '25, Rentcast reports the average rent in Conway, SC is $1,660, with a year-over-year rent change of -5.7%. Per bedroom, the median rent as of July '25 in Conway, SC is 1-bedrooms: $1,150, 2-bedrooms: $1,260, 3-bedrooms: $1,750, 4-bedrooms: $2,280. The most common rental property sizes in Conway, SC are 3-bedroom and 2-bedroom, accounting for 50.0% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,150 | $1,150 |
| 2 Bed Rent | $1,250 | $1,260 |
| 3 Bed Rent | $1,800 | $1,750 |
| 4 Bed Rent | $2,200 | $2,280 |
% of Rental Stock
Property Listings — Conway, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Conway, SC is 58. This is a increase of 6.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $294,000 | 2.0% |
Listing Count | 241 | -18.0% |
| Listings as % of Homes | 1.8% | -18.0% |
Days on Market | 58 | 6.0% |
Demographics — Conway, SC
As of the latest ACS Survey released in 2023, Conway, SC has a population of 29,100, which has increased by 12.1% over the past 5 years. Conway, SC is a moderately popular place for families, as children make up 22.2% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,100 | 12.1% |
% Under 18 | 22.2% | -5.1% |
% Seniors | 18.6% | 14.1% |
% WFH | 4.5% | 50.0% |
% w/ College Degree | 13.7% | -17.5% |
As of the latest ACS Survey released in 2023, Conway, SC is a predominantly white area, with 62.9% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Conway, SC is black, making up 25.5% of the population. Foreign-born residents account for 4.0% of the population in Conway, SC, and this percentage has increased by 17.6% 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 | 62.9% | -1.4% |
% Black | 25.5% | -11.5% |
% Hispanic | 6.6% | 34.7% |
% Asian | 1.5% | 50.0% |
% Foreign Born | 4.0% | 17.6% |
Mortgage and Risk — Conway, SC
According to HUD data as of 2023, there were 671 mortgage originations in Conway, SC, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Conway, SC. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 671 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Conway, SC
As of 2024, the percent of homes in Conway, SC under the Section 8 program is 7.2%. 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 Conway, SC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 374 |
Total Units Section 8 | 177 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 94.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,150 | $1,070 |
| 2 Bedroom | -$20 | $1,250 | $1,230 |
| 3 Bedroom | -$240 | $1,800 | $1,560 |
| 4 Bedroom | -$390 | $2,200 | $1,810 |
Affordability — Conway, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $257,000 |
| Median Household Income | $53,100 |