Fort Mill, SC—29708
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 $573,000, with a year-over-year change of 0.7%. This indicates that home prices in Fort Mill, SC are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $573,000 | 0.7% |
| Single Family | $578,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $344,000 | -1.4% |
3 Bed | $437,000 | -0.5% |
4 Bed | $645,000 | 0.8% |
| 5 Bed | $791,000 | 0.8% |
% of Housing Stock
Rental Trends — Fort Mill, SC
As of July '25, Rentcast reports the average rent in Fort Mill, SC is $2,020, with a year-over-year rent change of -27.3%. Per bedroom, the median rent as of July '25 in Fort Mill, SC is 1-bedrooms: $1,510, 2-bedrooms: $1,830, 3-bedrooms: $2,480, 4-bedrooms: $3,010. The most common rental property sizes in Fort Mill, SC are 2-bedroom and 3-bedroom, accounting for 46.2% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $2,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,510 |
| 2 Bed Rent | $1,800 | $1,830 |
| 3 Bed Rent | $2,430 | $2,480 |
| 4 Bed Rent | $3,000 | $3,010 |
% 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 56. This is a increase of 14.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $535,000 | -1.0% |
Listing Count | 240 | 41.0% |
| Listings as % of Homes | 0.8% | 41.0% |
Days on Market | 56 | 14.0% |
Demographics — Fort Mill, SC
As of the latest ACS Survey released in 2023, Fort Mill, SC has a population of 42,900, which has increased by 26.0% over the past 5 years. Fort Mill, SC is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 60.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,900 | 26.0% |
% Under 18 | 25.6% | -12.6% |
% Seniors | 14.0% | 28.4% |
% WFH | 24.0% | 114.3% |
% w/ College Degree | 60.5% | 6.3% |
As of the latest ACS Survey released in 2023, Fort Mill, SC is a predominantly white area, with 70.4% of the population identifying as white. The white population has shrunk by 16.3% in the last 5 years. The second most common race or ethnicity in Fort Mill, SC is black, making up 8.8% of the population. Foreign-born residents account for 13.2% of the population in Fort Mill, SC, and this percentage has increased by 46.7% 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 | 70.4% | -16.3% |
% Black | 8.8% | 63.0% |
% Hispanic | 8.7% | 55.4% |
% Asian | 8.2% | 127.8% |
% Foreign Born | 13.2% | 46.7% |
Mortgage and Risk — Fort Mill, SC
According to HUD data as of 2023, there were 1125 mortgage originations in Fort Mill, SC, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,125 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
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 0.3%. 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. In Fort Mill, SC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,500 | $1,800 |
| 2 Bedroom | $190 | $1,800 | $1,990 |
| 3 Bedroom | $20 | $2,430 | $2,450 |
| 4 Bedroom | $110 | $3,000 | $3,110 |
Affordability — Fort Mill, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $573,000 |
| Median Household Income | $129,000 |