The story of this market
The typical home in ZIP 29554 sells for about $144,000, or $102 per square foot.
Prices are down 2.5% from a year ago, which gives buyers more room to negotiate. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $986 a month.
ZIP 29554 — Hemingway
The 29554 housing market is characterized by low price points and a high rate of homeownership, with limited inventory and slow turnover. Market activity is driven by local demand rather than speculative investment, resulting in stable but modest price trends. Figures for months of supply and specific price-cut percentages are estimated based on regional trends as precise ZIP-level data is not currently published.
This ZIP is best suited for budget-conscious family buyers and those seeking rural living, as it offers significantly lower home prices compared to the national average and nearby urban centers.
Median prices moved down 2.5% year over year.
Homes spend a median of 112 days on market with 12.0 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 94% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 13.0% · poverty 26.1% — elevated distress and economic pressure.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 29554
The area is subject to regional flood risks common to eastern South Carolina, with insurance premiums influenced by coastal proximity and storm exposure.
Economic momentum is limited, with the area primarily serving as a rural residential base rather than a hub for major corporate infrastructure or large-scale industrial development.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (South Carolina) — Property Tax Assessment Ratio: Property tax is calculated by multiplying the fair market value by an assessment ratio, then applying the local millage rate. The assessment ratio is 4% for owner-occupied legal residences and 6% for other real property.
Residents typically rely on personal vehicles for commuting, with limited access to public transit and longer drive times to major employment centers in Florence or the coast.
Recreational opportunities are primarily rural, featuring local parks and access to natural landscapes, with limited large-scale shopping or entertainment venues within a 3-mile radius.
The rental market is characterized by a high share of single-family homes and mobile homes, with relatively low vacancy pressure and stable, modest rent trajectories.
The local economy is largely driven by agriculture and small-scale local services, with limited major corporate employers within the ZIP boundaries.
Parcels are subject to Williamsburg County school district taxes and standard municipal utility service districts.
Property insurance premiums are sensitive to regional wind and flood risk profiles, with market health generally stable but subject to state-wide rate adjustments.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Local community green space for outdoor recreation.
Provides regional access for fishing and boating activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.