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Ravenel town, SC

ZIP 29470 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 29470

Median Home Value
$243,800
Median Rent
$841
Affordability Snapshot
$67,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,566/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

24.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 29470 in Ravenel town, SC, a household would need roughly $67,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,566. That is roughly in line with the local median household income ($69,762). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
84.0%+29% vs US avg
x
Vacancy Rate
5.6%-46% vs US avg
x
Broadband Access
89.6%+3% vs US avg
x
4+ Bedrooms
5.7%-61% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
3.1%-55% vs US avg
x
Rent Burden >30%
25.5%-49% vs US avg
x
Mortgage-Free
51.7%+35% vs US avg
x
$243,800
Home Value
$841
Rent
1990
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.5%
  • 1-unit attached0.3%
  • 2-9 units4.3%
  • 10+ units0.5%
  • Mobile home & other30.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$243,800
Median rent$841
Owner-occupied84.0%
Vacant5.6%
Price-to-income3.5x
Est. income to buy$67,000