Ravenel, SC—29470
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ravenel, SC
As of Oct '25, the median home price in Ravenel, SC is $489,000, with a year-over-year change of -0.4%. This indicates that home prices in Ravenel, SC are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $489,000 | -0.4% |
| Single Family | $488,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $303,000 | -4.1% |
3 Bed | $466,000 | -0.4% |
4 Bed | $601,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ravenel, SC
As of July '25, Rentcast reports the average rent in Ravenel, SC is $2,460, with a year-over-year rent change of 17.1%. Per bedroom, the median rent as of July '25 in Ravenel, SC is 3-bedrooms: $2,210. The most common rental property sizes in Ravenel, SC are 3-bedroom and 2-bedroom, accounting for 72.8% and 10.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,210 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ravenel, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Ravenel, SC is 60. 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 | $698,000 | 6.0% |
Listing Count | 46 | -39.0% |
| Listings as % of Homes | 1.3% | -39.0% |
Days on Market | 60 | -5.0% |
Demographics — Ravenel, SC
As of the latest ACS Survey released in 2023, Ravenel, SC has a population of 5,870, which has increased by 19.8% over the past 5 years. Ravenel, SC is a moderately popular place for families, as children make up 17.1% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,870 | 19.8% |
% Under 18 | 17.1% | -8.6% |
% Seniors | 19.6% | 50.8% |
% WFH | 12.3% | 59.7% |
% w/ College Degree | 38.8% | 102.1% |
As of the latest ACS Survey released in 2023, Ravenel, SC is a predominantly black area, with 46.6% of the population identifying as black. The black population has grown by 89.4% in the last 5 years. The second most common race or ethnicity in Ravenel, SC is white, making up 45.7% of the population. Foreign-born residents account for 6.8% of the population in Ravenel, SC, and this percentage has increased by 58.1% 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 | 45.7% | -32.2% |
% Black | 46.6% | 89.4% |
% Hispanic | 5.4% | -26.0% |
% Asian | 0.5% | ∞% |
% Foreign Born | 6.8% | 58.1% |
Mortgage and Risk — Ravenel, SC
Ravenel, SC lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Ravenel, SC
Ravenel, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 12 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,290 |
| 2 Bedroom | N/A | N/A | $1,440 |
| 3 Bedroom | -$210 | $2,000 | $1,790 |
| 4 Bedroom | N/A | N/A | $2,170 |
Affordability — Ravenel, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $489,000 |
| Median Household Income | $69,800 |