Hilton Head Island, SC 29928 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Hilton Head Island, SC—29928

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$745,000

0.5% YoY Growth

Household Income

$98,000

26.1% YoY Growth

Days on Market

97

10.0% Longer YoY

Home Price Forecast

4.2%

Median Rent

$2,900

7.1% YoY Growth

1-Bed Rent

$2,100

1.6% YoY Growth

2-Bed Rent

$2,500

3.4% YoY Growth

3-Bed Rent

$3,600

8.8% YoY Growth

Other Zip Codes in Hilton Head Island, SC

Home Price Trends — Hilton Head Island, SC

As of Dec '25, the median home price in Hilton Head Island, SC is $745,000, with a year-over-year change of 0.5%. This indicates that home prices in Hilton Head Island, SC are flat. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$745,000	0.5%
Single Family	$1,199,000	0.5%
Condos	$515,000	-1.2%

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 $3,160, with a year-over-year rent change of 7.1%. Per bedroom, the median rent as of July '25 in Hilton Head Island, SC is 1-bedrooms: $2,500, 2-bedrooms: $2,590, 3-bedrooms: $3,720, 4-bedrooms: $5,880. The most common rental property sizes in Hilton Head Island, SC are 2-bedroom and 3-bedroom, accounting for 48.3% and 22.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,900	$3,160
Studio Rent	N/A	N/A
1 Bed Rent	$2,100	$2,500
2 Bed Rent	$2,500	$2,590
3 Bed Rent	$3,600	$3,720
4 Bed Rent	$4,950	$5,880

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% of Rental Stock

Studio

7.6%

1 Bedroom

18.9%

2 Bedrooms

48.3%

3 Bedrooms

22.0%

4 Bedrooms

1.5%

5+ Bedrooms

1.7%

Property Listings — Hilton Head Island, SC

As of Dec '25, Realtor.com reports that the median days on market for a home in Hilton Head Island, SC is 79. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$521,000	-8.0%
Listing Count	612	18.0%
Listings as % of Homes	1.8%	18.0%
Days on Market	97	10.0%

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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 15,200, which has decreased by -7.3% over the past 5 years. Hilton Head Island, SC is a less popular place for families, as children make up 7.0% of the population. The area has a highly educated workforce, with 63.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,200	-7.3%
% Under 18	7.0%	-32.7%
% Seniors	47.8%	13.0%
% WFH	25.1%	84.6%
% w/ College Degree	63.0%	3.8%

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As of the latest ACS Survey released in 2023, Hilton Head Island, SC is a predominantly white area, with 87.1% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Hilton Head Island, SC is hispanic, making up 5.8% of the population. Foreign-born residents account for 9.2% of the population in Hilton Head Island, SC, and this percentage has increased by 1.1% 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	87.1%	-4.1%
% Black	1.7%	-41.4%
% Hispanic	5.8%	23.4%
% Asian	1.4%	16.7%
% Foreign Born	9.2%	1.1%

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Mortgage and Risk — Hilton Head Island, SC

According to HUD data as of 2023, there were 761 mortgage originations in Hilton Head Island, SC, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 5.0% above 90% LTV (normal). This implies small mortgage risk in Hilton Head Island, SC. Investor activity is low, as 13.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	761
% Conventional Loans	99.0%
% Government Loans	1.0%
% Investor Loans	13.0%
% Second Loans	46.0%
% Cash Out Refinance	6.0%

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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 0.2%. 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	2
Total Units Section 8	2
% Rentals under Section 8	0.2%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$320	$2,100	$1,780
2 Bedroom	-$530	$2,500	$1,970
3 Bedroom	-$1,230	$3,600	$2,370
4 Bedroom	-$1,920	$4,950	$3,030