Anderson, SC—29624
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anderson, SC
As of Oct '25, the median home price in Anderson, SC is $140,000, with a year-over-year change of -6.4%. This indicates that home prices in Anderson, SC are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $140,000 | -6.4% |
| Single Family | $139,000 | -6.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $103,000 | -7.2% |
3 Bed | $184,000 | -1.6% |
4 Bed | $229,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Anderson, SC
As of July '25, Rentcast reports the average rent in Anderson, SC is $1,180, with a year-over-year rent change of -16.9%. Per bedroom, the median rent as of July '25 in Anderson, SC is 1-bedrooms: $725, 2-bedrooms: $1,000, 3-bedrooms: $1,330, 4-bedrooms: $1,600. The most common rental property sizes in Anderson, SC are 2-bedroom and 3-bedroom, accounting for 38.0% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $725 |
| 2 Bed Rent | $1,050 | $1,000 |
| 3 Bed Rent | $1,300 | $1,330 |
| 4 Bed Rent | $1,650 | $1,600 |
% of Rental Stock
Property Listings — Anderson, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Anderson, SC is 78. This is a increase of 56.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $231,000 | 7.0% |
Listing Count | 98 | 35.0% |
| Listings as % of Homes | 0.8% | 35.0% |
Days on Market | 78 | 56.0% |
Demographics — Anderson, SC
As of the latest ACS Survey released in 2023, Anderson, SC has a population of 14,500, which has decreased by -10.0% over the past 5 years. Anderson, SC is a popular place for families, as children make up 27.0% of the population. The area has a poorly educated workforce, with 7.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,500 | -10.0% |
% Under 18 | 27.0% | 14.4% |
% Seniors | 15.5% | -16.7% |
% WFH | 2.2% | -12.0% |
% w/ College Degree | 7.9% | 64.6% |
As of the latest ACS Survey released in 2023, Anderson, SC is a predominantly white area, with 43.6% of the population identifying as white. The white population has shrunk by 17.1% in the last 5 years. The second most common race or ethnicity in Anderson, SC is black, making up 41.4% of the population. Foreign-born residents account for 3.2% of the population in Anderson, SC, and this percentage has increased by 23.1% 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 | 43.6% | -17.1% |
% Black | 41.4% | 1.2% |
% Hispanic | 9.9% | 219.4% |
% Asian | 0.5% | 66.7% |
% Foreign Born | 3.2% | 23.1% |
Mortgage and Risk — Anderson, SC
According to HUD data as of 2023, there were 239 mortgage originations in Anderson, SC, of which 54.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Anderson, SC. Investor activity is low, as 4.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 239 |
% Conventional Loans | 54.0% |
% Government Loans | 46.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Anderson, SC
As of 2024, the percent of homes in Anderson, SC under the Section 8 program is 18.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Anderson, SC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 765 |
Total Units Section 8 | 494 |
% Rentals under Section 8 | 18.1% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $700 | $780 |
| 2 Bedroom | -$110 | $1,050 | $940 |
| 3 Bedroom | -$110 | $1,300 | $1,190 |
| 4 Bedroom | -$60 | $1,650 | $1,590 |
Affordability — Anderson, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $140,000 |
| Median Household Income | $31,800 |