Nichols, SC—29581
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Nichols, SC
As of Oct '25, the median home price in Nichols, SC is $163,000, with a year-over-year change of -7.5%. This indicates that home prices in Nichols, SC are decreasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $163,000 | -7.5% |
| Single Family | $163,000 | -7.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $148,000 | -9.2% |
3 Bed | $201,000 | -2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Nichols, SC
As of July '25, Rentcast reports the average rent in Nichols, SC is $1,850, with a year-over-year rent change of 164.3%. Per bedroom, the median rent as of July '25 in Nichols, SC is 3-bedrooms: $1,850. The most common rental property sizes in Nichols, SC are 2-bedroom and 3-bedroom, accounting for 54.1% and 45.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $1,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Nichols, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Nichols, SC is 89. This is a increase of 33.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | 20.0% |
Listing Count | 18 | 53.0% |
| Listings as % of Homes | 0.3% | 53.0% |
Days on Market | 89 | 33.0% |
Demographics — Nichols, SC
As of the latest ACS Survey released in 2023, Nichols, SC has a population of 4,600, which has decreased by -11.3% over the past 5 years. Nichols, SC is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 12.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,600 | -11.3% |
% Under 18 | 24.5% | -9.3% |
% Seniors | 16.3% | -0.6% |
% WFH | 1.9% | ∞% |
% w/ College Degree | 12.1% | -21.4% |
As of the latest ACS Survey released in 2023, Nichols, SC is a predominantly white area, with 72.2% of the population identifying as white. The white population has grown by 7.8% in the last 5 years. The second most common race or ethnicity in Nichols, SC is black, making up 24.7% of the population. Foreign-born residents account for 0.6% of the population in Nichols, SC, and this percentage has decreased by 68.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.2% | 7.8% |
% Black | 24.7% | -7.5% |
% Hispanic | 0.5% | -92.6% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.6% | -68.4% |
Mortgage and Risk — Nichols, SC
According to HUD data as of 2023, there were 42 mortgage originations in Nichols, SC, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Nichols, SC. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 42 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Nichols, SC
Nichols, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,070 |
| 2 Bedroom | N/A | N/A | $1,230 |
| 3 Bedroom | -$290 | $1,850 | $1,560 |
| 4 Bedroom | N/A | N/A | $1,810 |
Affordability — Nichols, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $163,000 |
| Median Household Income | $54,600 |