29692, Ware Shoals, SC

The 29692 zip code of Ware Shoals, SC is located in the southeastern part of the state and has a population of about 9,000. The median household income in this zip code is about $50,000, which is lower than the statewide median household income of $60,000. In addition, the homeownership rate in this zip code is only about 60%, which is lower than the statewide homeownership rate of 67%.

One reason that the homeownership rate in this zip code is lower than the statewide homeownership rate may be because there are a lot of rental units in this area. According to Zillow, there are approximately 2,500 rental units available in Ware Shoals. This means that many people who want to buy a home may not be able to do so because there are too many competing buyers.

Another reason why the homeownership rate in this zip code may be lower than the statewide homeownership rate is because there are a lot of people who have mortgages that are worth more than their homes. According to Zillow, approximately 30% of homes in Ware Shoals have mortgages that are worth more than their homes. This means that many people who want to buy a home may not be able to do so because they cannot afford to pay off their mortgage on their home.