Pelzer, SC—29669
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pelzer, SC
As of Oct '25, the median home price in Pelzer, SC is $257,000, with a year-over-year change of -1.3%. This indicates that home prices in Pelzer, SC are decreasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $257,000 | -1.3% |
| Single Family | $257,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $179,000 | 0.6% |
3 Bed | $297,000 | 0.7% |
4 Bed | $401,000 | 0.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pelzer, SC
As of July '25, Rentcast reports the average rent in Pelzer, SC is $1,360, with a year-over-year rent change of 3.0%. Per bedroom, the median rent as of July '25 in Pelzer, SC is studios: $325, 1-bedrooms: $937, 2-bedrooms: $1,040, 3-bedrooms: $1,120, 4-bedrooms: $2,010. The most common rental property sizes in Pelzer, SC are 2-bedroom and 3-bedroom, accounting for 45.9% and 38.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,120 | $1,360 |
| Studio Rent | $325 | $325 |
| 1 Bed Rent | $775 | $937 |
| 2 Bed Rent | $1,000 | $1,040 |
| 3 Bed Rent | $1,120 | $1,120 |
| 4 Bed Rent | $1,900 | $2,010 |
% of Rental Stock
Property Listings — Pelzer, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Pelzer, SC is 44. This is a decrease of -26.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $456,000 | 16.0% |
Listing Count | 64 | 37.0% |
| Listings as % of Homes | 0.6% | 37.0% |
Days on Market | 44 | -26.0% |
Demographics — Pelzer, SC
As of the latest ACS Survey released in 2023, Pelzer, SC has a population of 14,700, which has increased by 22.0% over the past 5 years. Pelzer, SC is a popular place for families, as children make up 26.1% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,700 | 22.0% |
% Under 18 | 26.1% | 16.5% |
% Seniors | 16.5% | 0.0% |
% WFH | 6.0% | 300.0% |
% w/ College Degree | 21.8% | 84.7% |
As of the latest ACS Survey released in 2023, Pelzer, SC is a predominantly white area, with 78.9% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Pelzer, SC is hispanic, making up 11.9% of the population. Foreign-born residents account for 2.8% of the population in Pelzer, SC, and this percentage has decreased by 12.5% 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 | 78.9% | -5.5% |
% Black | 6.8% | -19.0% |
% Hispanic | 11.9% | 88.9% |
% Asian | 0.2% | ∞% |
% Foreign Born | 2.8% | -12.5% |
Mortgage and Risk — Pelzer, SC
According to HUD data as of 2023, there were 181 mortgage originations in Pelzer, SC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Pelzer, SC. Investor activity is low, as 1.0% 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 | 181 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Pelzer, SC
As of 2024, the percent of homes in Pelzer, SC under the Section 8 program is 1.7%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Pelzer, SC, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $195 | $775 | $970 |
| 2 Bedroom | $90 | $1,000 | $1,090 |
| 3 Bedroom | $230 | $1,120 | $1,350 |
| 4 Bedroom | -$280 | $1,900 | $1,620 |
Affordability — Pelzer, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $257,000 |
| Median Household Income | $65,600 |