Anderson, SC—29621
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anderson, SC
As of Oct '25, the median home price in Anderson, SC is $311,000, with a year-over-year change of 1.0%. This indicates that home prices in Anderson, 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 | $311,000 | 1.0% |
| Single Family | $316,000 | 1.0% |
| Condos | $185,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $190,000 | -1.0% |
3 Bed | $297,000 | 1.4% |
4 Bed | $429,000 | 1.7% |
| 5 Bed | $552,000 | 1.1% |
% of Housing Stock
Rental Trends — Anderson, SC
As of July '25, Rentcast reports the average rent in Anderson, SC is $1,480, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in Anderson, SC is studios: $865, 1-bedrooms: $954, 2-bedrooms: $1,070, 3-bedrooms: $1,720, 4-bedrooms: $2,170. The most common rental property sizes in Anderson, SC are 2-bedroom and 3-bedroom, accounting for 46.2% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,480 |
| Studio Rent | $865 | $865 |
| 1 Bed Rent | $840 | $954 |
| 2 Bed Rent | $985 | $1,070 |
| 3 Bed Rent | $1,700 | $1,720 |
| 4 Bed Rent | $2,100 | $2,170 |
% of Rental Stock
Property Listings — Anderson, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Anderson, SC is 58. This is a increase of 21.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $389,000 | 12.0% |
Listing Count | 309 | 32.0% |
| Listings as % of Homes | 1.0% | 32.0% |
Days on Market | 58 | 21.0% |
Demographics — Anderson, SC
As of the latest ACS Survey released in 2023, Anderson, SC has a population of 44,500, which has increased by 8.6% over the past 5 years. Anderson, SC is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 38.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,500 | 8.6% |
% Under 18 | 21.7% | 1.9% |
% Seniors | 18.2% | -14.2% |
% WFH | 6.4% | 77.8% |
% w/ College Degree | 38.9% | 19.7% |
As of the latest ACS Survey released in 2023, Anderson, SC is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Anderson, SC is black, making up 15.1% of the population. Foreign-born residents account for 4.7% of the population in Anderson, SC, and this percentage has increased by 38.2% 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 | 73.6% | -2.5% |
% Black | 15.1% | -13.2% |
% Hispanic | 3.8% | 22.6% |
% Asian | 2.2% | 0.0% |
% Foreign Born | 4.7% | 38.2% |
Mortgage and Risk — Anderson, SC
According to HUD data as of 2023, there were 788 mortgage originations in Anderson, SC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Anderson, SC. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 788 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Anderson, SC
As of 2024, the percent of homes in Anderson, SC under the Section 8 program is 15.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Anderson, SC, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 708 |
Total Units Section 8 | 707 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $840 | $840 |
| 2 Bedroom | $25 | $985 | $1,010 |
| 3 Bedroom | -$430 | $1,700 | $1,270 |
| 4 Bedroom | -$400 | $2,100 | $1,700 |
Affordability — Anderson, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $311,000 |
| Median Household Income | $71,400 |