Gaffney, SC 29341 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Gaffney, SC—29341

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$218,000

0.8% YoY Growth

Household Income

$55,600

34.2% YoY Growth

Days on Market

3.0% Shorter YoY

Home Price Forecast

-2.4%

Median Rent

$1,100

10.3% YoY Growth

1-Bed Rent

$895

24.8% YoY Growth

2-Bed Rent

$860

N/A

3-Bed Rent

$1,300

10.1% YoY Growth

Other Zip Codes in Gaffney, SC

29340

Home Price Trends — Gaffney, SC

As of Dec '25, the median home price in Gaffney, SC is $218,000, with a year-over-year change of -0.8%. This indicates that home prices in Gaffney, SC are flat. According to Zillow, the 1-year price projection is -2.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$218,000	-0.8%
Single Family	$218,000	-0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Gaffney, SC

As of July '25, Rentcast reports the average rent in Gaffney, SC is $1,310, with a year-over-year rent change of -10.3%. Per bedroom, the median rent as of July '25 in Gaffney, SC is 1-bedrooms: $887, 2-bedrooms: $980, 3-bedrooms: $1,520. The most common rental property sizes in Gaffney, SC are 2-bedroom and 3-bedroom, accounting for 33.9% and 31.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$1,310
Studio Rent	N/A	N/A
1 Bed Rent	$895	$887
2 Bed Rent	$860	$980
3 Bed Rent	$1,300	$1,520
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

Studio

3.9%

1 Bedroom

19.7%

2 Bedrooms

33.9%

3 Bedrooms

31.4%

4 Bedrooms

9.2%

5+ Bedrooms

1.8%

Property Listings — Gaffney, SC

As of Dec '25, Realtor.com reports that the median days on market for a home in Gaffney, SC is 82. This is a decrease of -5.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$310,000	-1.0%
Listing Count	78	14.0%
Listings as % of Homes	1.2%	14.0%
Days on Market	70	-3.0%

Loading chart...

Demographics — Gaffney, SC

As of the latest ACS Survey released in 2023, Gaffney, SC has a population of 19,600, which has decreased by -4.5% over the past 5 years. Gaffney, SC is a moderately popular place for families, as children make up 23.4% of the population. The area has a moderately educated workforce, with 27.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,600	-4.5%
% Under 18	23.4%	-8.2%
% Seniors	18.0%	37.4%
% WFH	3.5%	250.0%
% w/ College Degree	27.0%	54.3%

Loading chart...

As of the latest ACS Survey released in 2023, Gaffney, SC is a predominantly white area, with 58.6% of the population identifying as white. The white population has shrunk by 11.7% in the last 5 years. The second most common race or ethnicity in Gaffney, SC is black, making up 25.8% of the population. Foreign-born residents account for 4.4% of the population in Gaffney, 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	58.6%	-11.7%
% Black	25.8%	-2.3%
% Hispanic	8.1%	52.8%
% Asian	0.6%	-14.3%
% Foreign Born	4.4%	46.7%

Loading chart...

Mortgage and Risk — Gaffney, SC

According to HUD data as of 2023, there were 433 mortgage originations in Gaffney, SC, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Gaffney, SC. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	433
% Conventional Loans	62.0%
% Government Loans	38.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

Loading chart...

Rentals and Section 8 — Gaffney, SC

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

Section 8 Market Size

Total Units under HUD	451
Total Units Section 8	187
% Rentals under Section 8	N/A
% Occupied Section 8	94.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$145	$895	$750
2 Bedroom	$120	$860	$980
3 Bedroom	-$80	$1,300	$1,220
4 Bedroom	N/A	N/A	$1,410

Gaffney, SC—29341

Key Metrics at a Glance

Other Zip Codes in Gaffney, SC

Home Price Trends — Gaffney, SC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gaffney, SC

% of Rental Stock

Property Listings — Gaffney, SC

Demographics — Gaffney, SC

Race and Ethnicity

Mortgage and Risk — Gaffney, SC

Mortgages

Rentals and Section 8 — Gaffney, SC

Section 8 Market Size

Section 8 Opportunity

Affordability — Gaffney, SC

Home Price to Income Ratio

Gaffney, SC — ZIP Code Boundary Map

Nearby ZIP Codes

Cowpens, SC

Mooresboro, NC

Boiling Springs

Mayo

Henrietta

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$218,000
Median Household Income	$55,600

Gaffney, SC—29341

Key Metrics at a Glance

Other Zip Codes in Gaffney, SC

Home Price Trends — Gaffney, SC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gaffney, SC

% of Rental Stock

Property Listings — Gaffney, SC

Demographics — Gaffney, SC

Race and Ethnicity

Mortgage and Risk — Gaffney, SC

Mortgages

Rentals and Section 8 — Gaffney, SC

Section 8 Market Size

Section 8 Opportunity

Affordability — Gaffney, SC

Home Price to Income Ratio

Gaffney, SC — ZIP Code Boundary Map

Nearby ZIP Codes

Cowpens, SC

Mooresboro, NC

Boiling Springs

Mayo

Henrietta

Frequently Asked Questions

What is the average home price in Gaffney, SC 29341?

How have home prices in Gaffney, SC 29341 changed over the past year?

What is the home price projection for Gaffney, SC 29341?

What are the demographics of Gaffney, SC 29341?

How long does it take homes to sell in Gaffney, SC 29341?

What is the average rent price in Gaffney, SC 29341?