Parks Mill, SC—29845
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Parks Mill, SC
Parks Mill, SC lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Parks Mill, SC
Parks Mill, SC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Parks Mill, SC
Parks Mill, SC lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Parks Mill, SC
As of the latest ACS Survey released in 2023, Parks Mill, SC has a population of 1,130, which has increased by 14.6% over the past 5 years. Parks Mill, SC is a less popular place for families, as children make up 9.8% of the population. The area has a poorly educated workforce, with 17.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,130 | 14.6% |
% Under 18 | 9.8% | -48.4% |
% Seniors | 32.6% | 15.2% |
% WFH | 7.0% | 118.8% |
% w/ College Degree | 17.7% | 67.0% |
As of the latest ACS Survey released in 2023, Parks Mill, SC is a predominantly black area, with 48.7% of the population identifying as black. The black population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Parks Mill, SC is white, making up 48.6% of the population. Foreign-born residents account for 0.1% of the population in Parks Mill, SC, and this percentage has decreased by 66.7% 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 | 48.6% | 9.2% |
% Black | 48.7% | -3.2% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.1% | -66.7% |
Mortgage and Risk — Parks Mill, SC
According to HUD data as of 2023, there were 25 mortgage originations in Parks Mill, SC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Parks Mill, SC. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 25 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Parks Mill, SC
Parks Mill, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | N/A | N/A | $990 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Parks Mill, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $57,100 |