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  1. Home
  2. /Browse ZIP Codes
  3. /South Carolina
  4. /Elloree, SC - 29047

Elloree, SC—29047

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$172,000
3.3% YoY Growth
Household Income
$35,000
33.2% YoY Growth
Days on Market
76
33.0% Shorter YoY
Home Price Forecast
-1.6%
Median Rent
$1,250
24.8% YoY Growth
1-Bed Rent
$1,250
0.0% YoY Growth
2-Bed Rent
$1,650
33.0% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Elloree, SC

As of May '26, the median home price in Elloree, SC is $172,000, with a year-over-year change of -3.3%. This indicates that home prices in Elloree, SC are decreasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$172,000-3.3%
Single Family $172,000-2.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$187,0002.7%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    5.0%
    2 Bedrooms
    16.0%
    3 Bedrooms
    66.0%
    4 Bedrooms
    12.0%
    5+ Bedrooms
    0.4%

    Rental Trends — Elloree, SC

    As of July '25, Rentcast reports the average rent in Elloree, SC is $1,460, with a year-over-year rent change of 24.8%. Per bedroom, the median rent as of July '25 in Elloree, SC is 1-bedrooms: $1,250, 2-bedrooms: $1,530. The most common rental property sizes in Elloree, SC are 3-bedroom and 2-bedroom, accounting for 48.7% and 41.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,460
    Studio Rent N/AN/A
    1 Bed Rent $1,250$1,250
    2 Bed Rent $1,650$1,530
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
    Loading chart...

    % of Rental Stock

    1 Bedroom
    10.0%
    2 Bedrooms
    41.3%
    3 Bedrooms
    48.7%

    Property Listings — Elloree, SC

    As of May '26, Realtor.com reports that the median days on market for a home in Elloree, SC is 76. This is a decrease of -33.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$294,000-30.0%
    Listing Count
    		2520.0%
    Listings as % of Homes1.2%20.0%
    Days on Market
    		76-33.0%
    Loading chart...

    Demographics — Elloree, SC

    As of the latest ACS Survey released in 2023, Elloree, SC has a population of 3,740, which has increased by 14.8% over the past 5 years. Elloree, SC is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,74014.8%
    % Under 18
    		19.2%24.7%
    % Seniors
    		30.4%0.3%
    % WFH
    		7.4%131.2%
    % w/ College Degree
    		14.8%-14.0%
    Loading chart...

    As of the latest ACS Survey released in 2023, Elloree, SC is a predominantly black area, with 52.9% of the population identifying as black. The black population has grown by 7.3% in the last 5 years. The second most common race or ethnicity in Elloree, SC is white, making up 42.2% of the population. Foreign-born residents account for 0.3% of the population in Elloree, SC, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		42.2%-13.5%
    % Black
    		52.9%7.3%
    % Hispanic
    		2.8%600.0%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		0.3%0.0%
    Loading chart...

    Mortgage and Risk — Elloree, SC

    According to HUD data as of 2023, there were 41 mortgage originations in Elloree, SC, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Elloree, SC. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		41
    % Conventional Loans
    		63.0%
    % Government Loans
    		37.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		10.0%
    Loading chart...
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    Rentals and Section 8 — Elloree, SC

    Elloree, SC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		19
    Total Units Section 8
    		3
    % Rentals under Section 8
    		0.3%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$250$1,250$1,000
    2 Bedroom-$520$1,650$1,130
    3 BedroomN/AN/A$1,440
    4 BedroomN/AN/A$1,730

    Affordability — Elloree, SC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5
    Median Home Price$172,000
    Median Household Income$35,000

    Elloree, SC — ZIP Code Boundary Map

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    Frequently Asked Questions