Seneca, SC—29678
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Seneca, SC
Home Price Trends — Seneca, SC
As of Nov '25, the median home price in Seneca, SC is $247,000, with a year-over-year change of 1.2%. This indicates that home prices in Seneca, SC are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | 1.2% |
| Single Family | $243,000 | 1.2% |
| Condos | $278,000 | 8.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $186,000 | 0.0% |
2 Bed | $162,000 | 1.9% |
3 Bed | $264,000 | 2.7% |
4 Bed | $359,000 | 1.1% |
| 5 Bed | $462,058 | 0.8% |
% of Housing Stock
Rental Trends — Seneca, SC
As of July '25, Rentcast reports the average rent in Seneca, SC is $1,680, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Seneca, SC is studios: $400, 1-bedrooms: $869, 2-bedrooms: $1,230, 3-bedrooms: $1,560, 4-bedrooms: $2,360. The most common rental property sizes in Seneca, SC are 2-bedroom and 3-bedroom, accounting for 35.8% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,680 |
| Studio Rent | $400 | $400 |
| 1 Bed Rent | $850 | $869 |
| 2 Bed Rent | $1,150 | $1,230 |
| 3 Bed Rent | $1,600 | $1,560 |
| 4 Bed Rent | $2,400 | $2,360 |
% of Rental Stock
Property Listings — Seneca, SC
As of Nov '25, Realtor.com reports that the median days on market for a home in Seneca, SC is 78. This is a decrease of -8.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -9.0% |
Listing Count | 170 | 37.0% |
| Listings as % of Homes | 0.9% | 37.0% |
Days on Market | 78 | -8.0% |
Demographics — Seneca, SC
As of the latest ACS Survey released in 2023, Seneca, SC has a population of 23,500, which has increased by 3.7% over the past 5 years. Seneca, SC is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 24.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,500 | 3.7% |
% Under 18 | 20.1% | -11.1% |
% Seniors | 17.7% | 1.7% |
% WFH | 6.8% | 142.9% |
% w/ College Degree | 24.2% | 23.5% |
As of the latest ACS Survey released in 2023, Seneca, SC is a predominantly white area, with 73.8% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Seneca, SC is black, making up 18.1% of the population. Foreign-born residents account for 2.4% of the population in Seneca, SC, and this percentage has decreased by 44.2% 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 | 73.8% | -3.9% |
% Black | 18.1% | 25.7% |
% Hispanic | 4.1% | -30.5% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 2.4% | -44.2% |
Mortgage and Risk — Seneca, SC
According to HUD data as of 2023, there were 373 mortgage originations in Seneca, SC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Seneca, SC. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 373 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 9.0% |
Rentals and Section 8 — Seneca, SC
As of 2024, the percent of homes in Seneca, SC under the Section 8 program is 6.8%. This is considered low, suggesting that the neighborhood is sparsely 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 Seneca, 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 | 457 |
Total Units Section 8 | 275 |
% Rentals under Section 8 | 6.8% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $850 | $970 |
| 2 Bedroom | -$60 | $1,150 | $1,090 |
| 3 Bedroom | -$250 | $1,600 | $1,350 |
| 4 Bedroom | -$780 | $2,400 | $1,620 |
Affordability — Seneca, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $247,000 |
| Median Household Income | $49,700 |