Fort Mill, SC—29715
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fort Mill, SC
As of Nov '25, the median home price in Fort Mill, SC is $479,000, with a year-over-year change of -0.2%. This indicates that home prices in Fort Mill, SC are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $479,000 | -0.2% |
| Single Family | $489,000 | -0.4% |
| Condos | $279,000 | 0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $282,000 | -1.7% |
3 Bed | $379,000 | -1.0% |
4 Bed | $582,000 | -0.2% |
| 5 Bed | $723,634 | 0.9% |
% of Housing Stock
Rental Trends — Fort Mill, SC
As of July '25, Rentcast reports the average rent in Fort Mill, SC is $1,950, with a year-over-year rent change of -8.5%. Per bedroom, the median rent as of July '25 in Fort Mill, SC is 1-bedrooms: $1,510, 2-bedrooms: $1,760, 3-bedrooms: $2,340, 4-bedrooms: $2,840. The most common rental property sizes in Fort Mill, SC are 2-bedroom and 1-bedroom, accounting for 47.5% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,490 | $1,510 |
| 2 Bed Rent | $1,730 | $1,760 |
| 3 Bed Rent | $2,250 | $2,340 |
| 4 Bed Rent | $2,800 | $2,840 |
% of Rental Stock
Property Listings — Fort Mill, SC
As of Nov '25, Realtor.com reports that the median days on market for a home in Fort Mill, SC is 57. This is a increase of 12.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $495,000 | -5.0% |
Listing Count | 233 | 8.0% |
| Listings as % of Homes | 1.0% | 8.0% |
Days on Market | 57 | 12.0% |
Demographics — Fort Mill, SC
As of the latest ACS Survey released in 2023, Fort Mill, SC has a population of 43,900, which has increased by 36.8% over the past 5 years. Fort Mill, SC is a popular place for families, as children make up 28.8% of the population. The area has a highly educated workforce, with 50.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,900 | 36.8% |
% Under 18 | 28.8% | 2.9% |
% Seniors | 11.6% | -0.9% |
% WFH | 24.4% | 238.9% |
% w/ College Degree | 50.9% | 29.5% |
As of the latest ACS Survey released in 2023, Fort Mill, SC is a predominantly white area, with 68.5% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Fort Mill, SC is black, making up 10.7% of the population. Foreign-born residents account for 9.3% of the population in Fort Mill, SC, and this percentage has increased by 27.4% 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 | 68.5% | -5.6% |
% Black | 10.7% | -18.9% |
% Hispanic | 10.1% | 32.9% |
% Asian | 4.3% | 34.4% |
% Foreign Born | 9.3% | 27.4% |
Mortgage and Risk — Fort Mill, SC
According to HUD data as of 2023, there were 1317 mortgage originations in Fort Mill, SC, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Fort Mill, SC. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,317 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Rentals and Section 8 — Fort Mill, SC
As of 2024, the percent of homes in Fort Mill, SC under the Section 8 program is 9.1%. 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. In Fort Mill, SC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 316 |
Total Units Section 8 | 289 |
% Rentals under Section 8 | 9.1% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,490 | $1,750 |
| 2 Bedroom | $210 | $1,730 | $1,940 |
| 3 Bedroom | $140 | $2,250 | $2,390 |
| 4 Bedroom | $230 | $2,800 | $3,030 |
Affordability — Fort Mill, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $479,000 |
| Median Household Income | $111,000 |