Effingham, SC—29541
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Effingham, SC
As of Oct '25, the median home price in Effingham, SC is $206,000, with a year-over-year change of 2.2%. This indicates that home prices in Effingham, SC are increasing. 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 | $206,000 | 2.2% |
| Single Family | $206,000 | 2.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 2.2% |
3 Bed | $204,000 | 3.0% |
4 Bed | $301,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Effingham, SC
As of July '25, Rentcast reports the average rent in Effingham, SC is $1,720, with a year-over-year rent change of -9.0%. Per bedroom, the median rent as of July '25 in Effingham, SC is 2-bedrooms: $1,350, 3-bedrooms: $1,700, 4-bedrooms: $2,250. The most common rental property sizes in Effingham, SC are 3-bedroom and 4-bedroom, accounting for 58.5% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $1,720 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,350 | $1,350 |
| 3 Bed Rent | $1,820 | $1,700 |
| 4 Bed Rent | $2,250 | $2,250 |
% of Rental Stock
Property Listings — Effingham, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Effingham, SC is 54. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 2.0% |
Listing Count | 24 | -7.0% |
| Listings as % of Homes | 0.7% | -7.0% |
Days on Market | 54 | -25.0% |
Demographics — Effingham, SC
As of the latest ACS Survey released in 2023, Effingham, SC has a population of 10,200, which has increased by 6.4% over the past 5 years. Effingham, SC is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,200 | 6.4% |
% Under 18 | 22.5% | 1.4% |
% Seniors | 16.6% | 12.9% |
% WFH | 3.7% | 15.6% |
% w/ College Degree | 18.3% | 37.6% |
As of the latest ACS Survey released in 2023, Effingham, SC is a predominantly white area, with 56.4% of the population identifying as white. The white population has shrunk by 10.8% in the last 5 years. The second most common race or ethnicity in Effingham, SC is black, making up 41.1% of the population. Foreign-born residents account for 0.5% of the population in Effingham, SC, and this percentage has decreased by 68.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.4% | -10.8% |
% Black | 41.1% | 26.1% |
% Hispanic | 0.9% | -10.0% |
% Asian | 0.6% | 500.0% |
% Foreign Born | 0.5% | -68.8% |
Mortgage and Risk — Effingham, SC
According to HUD data as of 2023, there were 232 mortgage originations in Effingham, SC, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Effingham, SC. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 232 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Effingham, SC
Effingham, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $960 |
| 2 Bedroom | -$170 | $1,350 | $1,180 |
| 3 Bedroom | -$310 | $1,820 | $1,510 |
| 4 Bedroom | -$630 | $2,250 | $1,620 |
Affordability — Effingham, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $206,000 |
| Median Household Income | $53,400 |