Anderson, SC—29625
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 $260,000, with a year-over-year change of 1.2%. This indicates that home prices in Anderson, SC are increasing. 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 | $260,000 | 1.3% |
| Single Family | $262,000 | 1.2% |
| Condos | $194,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $153,000 | 0.0% |
3 Bed | $271,000 | 1.9% |
4 Bed | $355,000 | 1.7% |
| 5 Bed | $541,000 | 0.2% |
% 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 -11.9%. Per bedroom, the median rent as of July '25 in Anderson, SC is 1-bedrooms: $907, 2-bedrooms: $1,060, 3-bedrooms: $1,690, 4-bedrooms: $1,520. The most common rental property sizes in Anderson, SC are 2-bedroom and 3-bedroom, accounting for 52.3% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $845 | $907 |
| 2 Bed Rent | $925 | $1,060 |
| 3 Bed Rent | $1,750 | $1,690 |
| 4 Bed Rent | $950 | $1,520 |
% 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 61. 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $287,000 | -2.0% |
Listing Count | 193 | 25.0% |
| Listings as % of Homes | 1.0% | 25.0% |
Days on Market | 61 | 6.0% |
Demographics — Anderson, SC
As of the latest ACS Survey released in 2023, Anderson, SC has a population of 27,500, which has decreased by -4.6% over the past 5 years. Anderson, SC is a moderately popular place for families, as children make up 18.5% of the population. The area has a poorly educated workforce, with 23.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | -4.6% |
% Under 18 | 18.5% | -15.9% |
% Seniors | 20.2% | 18.1% |
% WFH | 5.4% | 116.0% |
% w/ College Degree | 23.1% | 17.9% |
As of the latest ACS Survey released in 2023, Anderson, SC is a predominantly white area, with 74.6% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Anderson, SC is black, making up 15.4% of the population. Foreign-born residents account for 4.0% of the population in Anderson, SC, and this percentage has increased by 5.3% 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 | 74.6% | -2.0% |
% Black | 15.4% | -7.8% |
% Hispanic | 4.5% | -18.2% |
% Asian | 1.2% | ∞% |
% Foreign Born | 4.0% | 5.3% |
Mortgage and Risk — Anderson, SC
According to HUD data as of 2023, there were 510 mortgage originations in Anderson, SC, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 36.0% 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. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 510 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Anderson, SC
As of 2024, the percent of homes in Anderson, SC under the Section 8 program is 11.4%. 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. 2-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 459 |
Total Units Section 8 | 429 |
% Rentals under Section 8 | 11.4% |
% Occupied Section 8 | 92.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$5 | $845 | $840 |
| 2 Bedroom | $85 | $925 | $1,010 |
| 3 Bedroom | -$470 | $1,750 | $1,280 |
| 4 Bedroom | $740 | $950 | $1,690 |
Affordability — Anderson, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $260,000 |
| Median Household Income | $58,700 |