Pendleton, SC—29670
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pendleton, SC
As of Oct '25, the median home price in Pendleton, SC is $282,000, with a year-over-year change of 1.4%. This indicates that home prices in Pendleton, SC are increasing. 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 | $282,000 | 1.4% |
| Single Family | $282,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | 2.2% |
3 Bed | $280,000 | 1.8% |
4 Bed | $341,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Pendleton, SC
As of July '25, Rentcast reports the average rent in Pendleton, SC is $1,700, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Pendleton, SC is 2-bedrooms: $1,160, 3-bedrooms: $1,850, 4-bedrooms: $2,050. The most common rental property sizes in Pendleton, SC are 2-bedroom and 3-bedroom, accounting for 62.5% and 21.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,160 |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | $2,050 | $2,050 |
% of Rental Stock
Property Listings — Pendleton, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Pendleton, SC is 73. This is a increase of 45.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $288,000 | 16.0% |
Listing Count | 133 | 85.0% |
| Listings as % of Homes | 1.4% | 85.0% |
Days on Market | 73 | 45.0% |
Demographics — Pendleton, SC
As of the latest ACS Survey released in 2023, Pendleton, SC has a population of 11,300, which has increased by 21.7% over the past 5 years. Pendleton, SC is a moderately popular place for families, as children make up 22.6% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | 21.7% |
% Under 18 | 22.6% | -5.4% |
% Seniors | 18.0% | 20.0% |
% WFH | 7.5% | 97.4% |
% w/ College Degree | 38.1% | 40.1% |
As of the latest ACS Survey released in 2023, Pendleton, SC is a predominantly white area, with 75.4% of the population identifying as white. The white population has grown by 5.8% in the last 5 years. The second most common race or ethnicity in Pendleton, SC is black, making up 15.1% of the population. Foreign-born residents account for 3.4% of the population in Pendleton, SC, and this percentage has increased by 6.2% 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 | 75.4% | 5.8% |
% Black | 15.1% | -25.2% |
% Hispanic | 2.1% | -34.4% |
% Asian | 1.0% | -54.5% |
% Foreign Born | 3.4% | 6.2% |
Mortgage and Risk — Pendleton, SC
According to HUD data as of 2023, there were 358 mortgage originations in Pendleton, SC, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Pendleton, SC. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 358 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Pendleton, SC
Pendleton, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 188 |
Total Units Section 8 | 147 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $970 |
| 2 Bedroom | -$10 | $1,100 | $1,090 |
| 3 Bedroom | -$490 | $1,850 | $1,360 |
| 4 Bedroom | -$280 | $2,050 | $1,770 |
Affordability — Pendleton, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $282,000 |
| Median Household Income | $70,200 |