Honea Path, SC—29654
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Honea Path, SC
As of Oct '25, the median home price in Honea Path, SC is $210,000, with a year-over-year change of -2.0%. This indicates that home prices in Honea Path, SC are decreasing. 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 | $210,000 | -2.0% |
| Single Family | $210,000 | -1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $150,000 | -4.5% |
3 Bed | $236,000 | 0.0% |
4 Bed | $377,000 | 0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Honea Path, SC
As of July '25, Rentcast reports the average rent in Honea Path, SC is $1,120, with a year-over-year rent change of -1.8%. Per bedroom, the median rent as of July '25 in Honea Path, SC is 1-bedrooms: $555, 2-bedrooms: $858, 3-bedrooms: $1,800. The most common rental property sizes in Honea Path, SC are 2-bedroom and 3-bedroom, accounting for 41.3% and 39.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $555 | $555 |
| 2 Bed Rent | $975 | $858 |
| 3 Bed Rent | $1,700 | $1,800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Honea Path, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Honea Path, SC is 70. This is a increase of 65.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 51.0% |
Listing Count | 34 | -1.0% |
| Listings as % of Homes | 0.6% | -1.0% |
Days on Market | 70 | 65.0% |
Demographics — Honea Path, SC
As of the latest ACS Survey released in 2023, Honea Path, SC has a population of 10,000, which has increased by 7.4% over the past 5 years. Honea Path, 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 17.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,000 | 7.4% |
% Under 18 | 22.5% | 5.6% |
% Seniors | 20.3% | 3.6% |
% WFH | 4.8% | 2.1% |
% w/ College Degree | 17.4% | 16.0% |
As of the latest ACS Survey released in 2023, Honea Path, SC is a predominantly white area, with 84.5% of the population identifying as white. The white population has grown by 0.6% in the last 5 years. The second most common race or ethnicity in Honea Path, SC is black, making up 6.5% of the population. Foreign-born residents account for 2.4% of the population in Honea Path, SC, and this percentage has increased by 41.2% 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 | 84.5% | 0.6% |
% Black | 6.5% | -40.4% |
% Hispanic | 2.8% | 16.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.4% | 41.2% |
Mortgage and Risk — Honea Path, SC
According to HUD data as of 2023, there were 95 mortgage originations in Honea Path, SC, of which 53.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Honea Path, SC. Investor activity is low, as 0.0% 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 | 95 |
% Conventional Loans | 53.0% |
% Government Loans | 47.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Honea Path, SC
Honea Path, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 105 |
Total Units Section 8 | 65 |
% Rentals under Section 8 | 8.3% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $415 | $555 | $970 |
| 2 Bedroom | $115 | $975 | $1,090 |
| 3 Bedroom | -$350 | $1,700 | $1,350 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Honea Path, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $210,000 |
| Median Household Income | $62,100 |