Hilton Head Island, SC 29926 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Hilton Head Island, SC—29926

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$755,000

2.2% YoY Growth

Household Income

$102,000

40.3% YoY Growth

Days on Market

61

48.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$2,900

1.9% YoY Growth

1-Bed Rent

$2,900

19.8% YoY Growth

2-Bed Rent

$2,100

18.0% YoY Growth

3-Bed Rent

$3,500

2.8% YoY Growth

Other Zip Codes in Hilton Head Island, SC

Home Price Trends — Hilton Head Island, SC

As of May '26, the median home price in Hilton Head Island, SC is $755,000, with a year-over-year change of 2.2%. This indicates that home prices in Hilton Head Island, SC are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$755,000	2.2%
Single Family	$839,000	1.1%
Condos	$340,000	1.8%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Hilton Head Island, SC

As of July '25, Rentcast reports the average rent in Hilton Head Island, SC is $3,140, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Hilton Head Island, SC is studios: $2,100, 1-bedrooms: $2,900, 2-bedrooms: $2,100, 3-bedrooms: $3,460, 4-bedrooms: $4,480. The most common rental property sizes in Hilton Head Island, SC are 3-bedroom and 2-bedroom, accounting for 33.6% and 28.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,900	$3,140
Studio Rent	$2,100	$2,100
1 Bed Rent	$2,900	$2,900
2 Bed Rent	$2,100	$2,100
3 Bed Rent	$3,500	$3,460
4 Bed Rent	$4,000	$4,480

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% of Rental Stock

Studio

8.8%

1 Bedroom

16.5%

2 Bedrooms

28.3%

3 Bedrooms

33.6%

4 Bedrooms

12.3%

5+ Bedrooms

0.6%

Property Listings — Hilton Head Island, SC

As of May '26, Realtor.com reports that the median days on market for a home in Hilton Head Island, SC is 61. This is a increase of 48.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$690,000	-5.0%
Listing Count	318	54.0%
Listings as % of Homes	1.1%	54.0%
Days on Market	61	48.0%

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Demographics — Hilton Head Island, SC

As of the latest ACS Survey released in 2023, Hilton Head Island, SC has a population of 25,200, which has decreased by -2.7% over the past 5 years. Hilton Head Island, SC is a less popular place for families, as children make up 14.6% of the population. The area has a highly educated workforce, with 52.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	25,200	-2.7%
% Under 18	14.6%	-8.8%
% Seniors	36.0%	7.5%
% WFH	14.0%	62.8%
% w/ College Degree	52.0%	7.7%

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As of the latest ACS Survey released in 2023, Hilton Head Island, SC is a predominantly white area, with 70.2% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Hilton Head Island, SC is hispanic, making up 19.2% of the population. Foreign-born residents account for 13.9% of the population in Hilton Head Island, SC, and this percentage has increased by 20.9% 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	70.2%	-4.9%
% Black	8.5%	-5.6%
% Hispanic	19.2%	24.7%
% Asian	0.5%	25.0%
% Foreign Born	13.9%	20.9%

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Mortgage and Risk — Hilton Head Island, SC

According to HUD data as of 2023, there were 522 mortgage originations in Hilton Head Island, SC, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Hilton Head Island, SC. Investor activity is low, as 3.0% 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	522
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	3.0%
% Second Loans	11.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Hilton Head Island, SC

As of 2024, the percent of homes in Hilton Head Island, SC under the Section 8 program is 5.0%. 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 Hilton Head Island, SC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	194
Total Units Section 8	118
% Rentals under Section 8	5.0%
% Occupied Section 8	90.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$1,140	$2,900	$1,760
2 Bedroom	-$150	$2,100	$1,950
3 Bedroom	-$1,150	$3,500	$2,350
4 Bedroom	-$1,000	$4,000	$3,000