Isle of Palms, SC—29451
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Isle of Palms, SC
As of Oct '25, the median home price in Isle of Palms, SC is $1,584,000, with a year-over-year change of -1.2%. This indicates that home prices in Isle of Palms, SC are decreasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,584,000 | -1.2% |
| Single Family | $1,912,000 | 1.1% |
| Condos | $931,000 | -5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $562,000 | -6.0% |
2 Bed | $931,000 | -5.3% |
3 Bed | $1,422,000 | -2.7% |
4 Bed | $2,160,000 | 0.7% |
| 5 Bed | $3,440,000 | 1.5% |
% of Housing Stock
Rental Trends — Isle of Palms, SC
As of July '25, Rentcast reports the average rent in Isle of Palms, SC is $7,050, with a year-over-year rent change of 69.9%. Per bedroom, the median rent as of July '25 in Isle of Palms, SC is studios: $600, 4-bedrooms: $8,340. The most common rental property sizes in Isle of Palms, SC are 3-bedroom and 4-bedroom, accounting for 52.2% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $8,000 | $7,050 |
| Studio Rent | $600 | $600 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $9,000 | $8,340 |
% of Rental Stock
Property Listings — Isle of Palms, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Isle of Palms, SC is 62. This is a increase of 6.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,300,000 | 21.0% |
Listing Count | 123 | 10.0% |
| Listings as % of Homes | 1.6% | 10.0% |
Days on Market | 62 | 6.0% |
Demographics — Isle of Palms, SC
As of the latest ACS Survey released in 2023, Isle of Palms, SC has a population of 4,380, which has decreased by -1.1% over the past 5 years. Isle of Palms, SC is a moderately popular place for families, as children make up 16.0% of the population. The area has a highly educated workforce, with 70.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,380 | -1.1% |
% Under 18 | 16.0% | 14.3% |
% Seniors | 31.4% | -0.6% |
% WFH | 26.0% | 143.0% |
% w/ College Degree | 70.0% | -2.2% |
As of the latest ACS Survey released in 2023, Isle of Palms, SC is a predominantly white area, with 97.2% of the population identifying as white. The white population has grown by 7.6% in the last 5 years. The second most common race or ethnicity in Isle of Palms, SC is asian, making up 2.1% of the population. Foreign-born residents account for 6.8% of the population in Isle of Palms, SC, and this percentage has increased by 94.3% 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 | 97.2% | 7.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.4% | -92.0% |
% Asian | 2.1% | 50.0% |
% Foreign Born | 6.8% | 94.3% |
Mortgage and Risk — Isle of Palms, SC
According to HUD data as of 2023, there were 167 mortgage originations in Isle of Palms, SC, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Isle of Palms, SC. Investor activity is low, as 5.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 167 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 5.0% |
% Second Loans | 42.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Isle of Palms, SC
Isle of Palms, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $2,470 |
| 2 Bedroom | N/A | N/A | $2,730 |
| 3 Bedroom | N/A | N/A | $3,380 |
| 4 Bedroom | -$5,020 | $9,000 | $3,980 |
Affordability — Isle of Palms, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.8 |
| Median Home Price | $1,584,000 |
| Median Household Income | $148,000 |