Pawleys Island, SC—29585
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pawleys Island, SC
As of Oct '25, the median home price in Pawleys Island, SC is $541,000, with a year-over-year change of 0.6%. This indicates that home prices in Pawleys Island, 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 | $541,000 | 0.6% |
| Single Family | $593,000 | 0.9% |
| Condos | $347,000 | -3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $307,000 | -3.5% |
3 Bed | $518,000 | 0.4% |
4 Bed | $782,000 | 2.4% |
| 5 Bed | $1,386,000 | 4.1% |
% of Housing Stock
Rental Trends — Pawleys Island, SC
As of July '25, Rentcast reports the average rent in Pawleys Island, SC is $2,070, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Pawleys Island, SC is 2-bedrooms: $1,630, 3-bedrooms: $2,250, 4-bedrooms: $2,700. The most common rental property sizes in Pawleys Island, SC are 3-bedroom and 2-bedroom, accounting for 44.0% and 42.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,070 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,630 |
| 3 Bed Rent | $2,000 | $2,250 |
| 4 Bed Rent | $2,000 | $2,700 |
% of Rental Stock
Property Listings — Pawleys Island, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Pawleys Island, SC is 90. This is a increase of 14.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $565,000 | 18.0% |
Listing Count | 324 | 21.0% |
| Listings as % of Homes | 1.6% | 21.0% |
Days on Market | 90 | 14.0% |
Demographics — Pawleys Island, SC
As of the latest ACS Survey released in 2023, Pawleys Island, SC has a population of 17,300, which has increased by 15.5% over the past 5 years. Pawleys Island, SC is a less popular place for families, as children make up 14.5% of the population. The area has a highly educated workforce, with 49.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,300 | 15.5% |
% Under 18 | 14.5% | 12.4% |
% Seniors | 40.6% | 6.0% |
% WFH | 18.8% | 39.3% |
% w/ College Degree | 49.8% | -1.6% |
As of the latest ACS Survey released in 2023, Pawleys Island, SC is a predominantly white area, with 86.0% of the population identifying as white. The white population has grown by 4.8% in the last 5 years. The second most common race or ethnicity in Pawleys Island, SC is black, making up 7.4% of the population. Foreign-born residents account for 2.3% of the population in Pawleys Island, SC, and this percentage has decreased by 60.3% 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 | 86.0% | 4.8% |
% Black | 7.4% | -29.5% |
% Hispanic | 3.0% | -40.0% |
% Asian | 0.3% | -72.7% |
% Foreign Born | 2.3% | -60.3% |
Mortgage and Risk — Pawleys Island, SC
According to HUD data as of 2023, there were 550 mortgage originations in Pawleys Island, SC, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Pawleys Island, SC. Investor activity is low, as 6.0% 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 | 550 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 6.0% |
% Second Loans | 27.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Pawleys Island, SC
Pawleys Island, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,150 |
| 2 Bedroom | -$90 | $1,600 | $1,510 |
| 3 Bedroom | -$180 | $2,000 | $1,820 |
| 4 Bedroom | $180 | $2,000 | $2,180 |
Affordability — Pawleys Island, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $541,000 |
| Median Household Income | $83,100 |