Richland County, South Carolina Housing Market
In Richland County, South Carolina, the median home value is $242,800, with a median monthly rent of $1,228. This places Richland County at #952 nationally out of 3134 counties by median home value, and #11 within South Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,226
- Establishments: 12,359
- BLS QCEW, 2025
Housing Supply
- Single-family: 2,336
- Multi-family: 1,046
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 159,800 (avg $76,728)
- Outflow: 152,904 (avg $77,611)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Richland County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 29061 | 230.9 | +7.13% | 2025 |
| 2 | 29204 | 245.6 | +8.32% | 2025 |
| 3 | 29203 | 228.3 | -1.17% | 2025 |
| 4 | 29201 | 266.4 | +4.43% | 2025 |
| 5 | 29205 | 265.2 | +2.39% | 2025 |
| 6 | 29206 | 249.9 | +3.12% | 2025 |
| 7 | 29229 | 204.7 | +9.82% | 2025 |
| 8 | 29209 | 220.2 | +1.04% | 2025 |
| 9 | 29223 | 195.4 | -1.45% | 2025 |
| 10 | 29044 | 178.8 | +7.05% | 2022 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Richland County Compares
| Metric | Richland County | South Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $242,800 | $199,732 | $227,706 |
| Median Gross Rent | $1,228 | $984 | $968 |
| Owner Occupancy Rate | 60.3% | 73.2% | 73.3% |
| Price/Rent Ratio | 16.5 | 16.3 | 18.7 |
Market Analysis
The median home value in Richland County is 21.6% above the South Carolina state average and 6.6% above the U.S. national average. The median rent of $1,228/month is 24.8% above the state average.
With a price-to-rent ratio of 16.5, the buy-vs-rent decision in Richland County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Richland County has an owner-occupancy rate of 60.3%, compared to 73.2% in South Carolina and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lafayette Parish | Louisiana | $242,900 | $1,057 |
| Marion County | Florida | $243,100 | $1,277 |
| Warrick County | Indiana | $242,500 | $1,061 |
| Yancey County | North Carolina | $243,100 | $882 |
| Ashe County | North Carolina | $243,100 | $859 |
Other Counties in South Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Oconee County | $237,100 | $881 | 76.2% |
| Lexington County | $234,500 | $1,178 | 77.4% |
| Spartanburg County | $233,300 | $1,084 | 73.0% |
| Anderson County | $231,900 | $989 | 74.8% |
| Pickens County | $231,900 | $972 | 70.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).