Fort Mill, SC—29707
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fort Mill, SC
As of Oct '25, the median home price in Fort Mill, SC is $548,000, with a year-over-year change of 0.3%. This indicates that home prices in Fort Mill, SC are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $548,000 | 0.3% |
| Single Family | $552,000 | -0.2% |
| Condos | $362,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $394,000 | -0.3% |
3 Bed | $446,000 | -0.9% |
4 Bed | $594,000 | -0.3% |
| 5 Bed | $752,000 | 0.3% |
% of Housing Stock
Rental Trends — Fort Mill, SC
As of July '25, Rentcast reports the average rent in Fort Mill, SC is $2,260, with a year-over-year rent change of -13.4%. Per bedroom, the median rent as of July '25 in Fort Mill, SC is studios: $1,400, 1-bedrooms: $1,590, 2-bedrooms: $1,890, 3-bedrooms: $2,360, 4-bedrooms: $2,970. The most common rental property sizes in Fort Mill, SC are 1-bedroom and 2-bedroom, accounting for 36.3% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,260 |
| Studio Rent | $1,330 | $1,400 |
| 1 Bed Rent | $1,570 | $1,590 |
| 2 Bed Rent | $1,780 | $1,890 |
| 3 Bed Rent | $2,250 | $2,360 |
| 4 Bed Rent | $2,800 | $2,970 |
% of Rental Stock
Property Listings — Fort Mill, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Fort Mill, SC is 63. This is a increase of 26.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $520,000 | 0.0% |
Listing Count | 314 | 32.0% |
| Listings as % of Homes | 1.0% | 32.0% |
Days on Market | 63 | 26.0% |
Demographics — Fort Mill, SC
As of the latest ACS Survey released in 2023, Fort Mill, SC has a population of 35,200, which has increased by 22.0% over the past 5 years. Fort Mill, SC is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 50.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,200 | 22.0% |
% Under 18 | 22.3% | -1.8% |
% Seniors | 25.4% | -3.8% |
% WFH | 33.3% | 197.3% |
% w/ College Degree | 50.6% | -4.0% |
As of the latest ACS Survey released in 2023, Fort Mill, SC is a predominantly white area, with 74.8% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Fort Mill, SC is black, making up 9.6% of the population. Foreign-born residents account for 12.4% of the population in Fort Mill, SC, and this percentage has increased by 90.8% 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 | 74.8% | -10.5% |
% Black | 9.6% | 77.8% |
% Hispanic | 7.6% | 0.0% |
% Asian | 5.6% | 180.0% |
% Foreign Born | 12.4% | 90.8% |
Mortgage and Risk — Fort Mill, SC
According to HUD data as of 2023, there were 1351 mortgage originations in Fort Mill, SC, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Fort Mill, SC. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,351 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Fort Mill, SC
As of 2024, the percent of homes in Fort Mill, SC under the Section 8 program is 0.7%. 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. 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Fort Mill, SC, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,570 | $1,480 |
| 2 Bedroom | -$120 | $1,780 | $1,660 |
| 3 Bedroom | $20 | $2,250 | $2,270 |
| 4 Bedroom | -$300 | $2,800 | $2,500 |
Affordability — Fort Mill, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $548,000 |
| Median Household Income | $118,000 |