29662, Mauldin, SC

The 29662 zip code of Mauldin, SC has a population of around 9,000 people. The median household income in this zip code is $51,000 which is lower than the national median household income of $53,046. The unemployment rate in this zip code is around 10% which is higher than the national unemployment rate of 7.3%. However, the poverty rate in this zip code is much lower at just 5% which is much lower than the national poverty rate of 15%.

Home equity and home prices are important factors to consider when looking at buying or selling a home. Home equity refers to the value of a home minus any outstanding loans or mortgages on that property. Home prices are important because they reflect how much money an average person would need to spend to buy or sell a home in that particular area.

According to Zillow’s 2017 National Home Value Survey, Mauldin has a median home value of $119,200 which is lower than the national median home value of $177,600. However, Mauldin’s home values have been increasing over time and they are now above their pre-recession levels. In fact, according to Zillow’s Q2 2018 State Of The Market Report, Mauldin’s current housing market conditions rank as “Very Strong” with an index score of 100%. This means that there are very few homes for sale in this area and competition for buyers has been high.

One reason why Mauldin’s housing market may be strong is because there are relatively few homes for sale compared to other areas in South Carolina. According to Realtor Magazine’s 2018 National Housing Market Index report, there were 3 times as many homes available for sale as there were people who wanted them in Myrtle Beach (the next largest city). This shortage of homes has led to increased prices and higher demand from buyers. Additionally, Mauldin has a low population density so it doesn't have as many competing buyers vying for limited inventory.