Anderson, SC—29626
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 $262,000, with a year-over-year change of -1.1%. This indicates that home prices in Anderson, SC are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | -1.1% |
| Single Family | $263,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $168,000 | -4.0% |
3 Bed | $273,000 | 0.4% |
4 Bed | $463,000 | 1.3% |
| 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 $1,120, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Anderson, SC is 1-bedrooms: $950, 2-bedrooms: $788, 3-bedrooms: $1,540. The most common rental property sizes in Anderson, SC are 3-bedroom and 2-bedroom, accounting for 42.7% and 31.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $1,120 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $750 | $788 |
| 3 Bed Rent | $1,200 | $1,540 |
| 4 Bed Rent | N/A | N/A |
% 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 72. This is a increase of 18.0% 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 | $388,000 | 35.0% |
Listing Count | 57 | 36.0% |
| Listings as % of Homes | 0.6% | 36.0% |
Days on Market | 72 | 18.0% |
Demographics — Anderson, SC
As of the latest ACS Survey released in 2023, Anderson, SC has a population of 13,700, which has increased by 8.8% over the past 5 years. Anderson, SC is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,700 | 8.8% |
% Under 18 | 21.3% | 0.0% |
% Seniors | 21.9% | 24.4% |
% WFH | 2.3% | 4.5% |
% w/ College Degree | 16.3% | 7.9% |
As of the latest ACS Survey released in 2023, Anderson, SC is a predominantly white area, with 70.2% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Anderson, SC is black, making up 20.6% of the population. Foreign-born residents account for 3.4% of the population in Anderson, SC, and this percentage has increased by 54.5% 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 | 70.2% | 0.9% |
% Black | 20.6% | -9.3% |
% Hispanic | 4.4% | -2.2% |
% Asian | 0.1% | ∞% |
% Foreign Born | 3.4% | 54.5% |
Mortgage and Risk — Anderson, SC
According to HUD data as of 2023, there were 293 mortgage originations in Anderson, SC, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Anderson, SC. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 293 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Anderson, SC
Anderson, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 94 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $950 | $810 |
| 2 Bedroom | $230 | $750 | $980 |
| 3 Bedroom | $30 | $1,200 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Anderson, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $262,000 |
| Median Household Income | $55,100 |