Anderson Home Prices: $246K, Up 0.5% — 4 ZIPs Analyzed (2026)

$245,568. That’s the median home value in Anderson, SC as of February 2026 — up 0.5% from a year ago. Prices have nudged upward every month since September, but the annual gain barely cleared half a percent.

Quick answer: The average home price in Anderson, SC is $245,568 as of February 2026, up 0.5% year over year according to Zillow.

Current Home Prices in Anderson

Anderson sits inside the Greenville-Anderson metro. The typical home there costs less than half of what you’d pay in Charleston and roughly $150,000 less than Greenville proper. Here’s the snapshot:

The gap between the cheapest and priciest ZIP is wide. A home in 29621 costs roughly 2.1 times what you’d pay in 29624. That range matters when people quote a single “Anderson price” — the number depends heavily on which side of the city you’re looking at.

The 0.5% annual gain is tiny compared to what Anderson has seen in recent years. Prices are still rising, but the pace has flattened. For context, the monthly median has moved less than $3,000 in the past twelve months. A year ago in March 2025, the median was $244,408. Today it’s $245,568. That’s an $1,160 change.

You don’t need to rush in expecting another 10% price surge. You also don’t need to wait for a crash — the data doesn’t show one developing.

Anderson Home Prices by Neighborhood

Anderson has four tracked ZIP codes. Each one tells a different story about who lives there and what they pay.

Most Expensive ZIPs

29621 tops the list at $312,178 — about 27% above the city median. Rent there runs $1,434, the highest in the city, which lines up with the higher home values.

29626 comes in second at $262,264. Despite the higher home price, rents here ($1,188) are the lowest of any ZIP with data, suggesting more owner-occupied housing than rentals.

Most Affordable ZIPs

29624 is the clear bargain at $147,707. That’s 40% below the city median and less than half the price of 29621. Rent data isn’t available for this ZIP.

29625 sits at $260,124 with rent around $1,401. It’s close to 29626 in price but rents lease for more, which points to a rental market that runs hotter than its neighbors.

Rent vs Buy in Anderson

Rent data in Anderson covers three of the four ZIPs. Here’s what renters pay:

The average monthly rent across these three ZIPs is roughly $1,341. The city-wide price-to-rent ratio lands around 17.

A ratio under 15 usually signals that buying wins over the long run. A ratio above 20 tilts toward renting. At 17, Anderson is in the middle. You won’t save a fortune by buying, and you won’t lose one by renting.

Run the math on a $245,568 home with 20% down at a 7% 30-year rate: your principal and interest payment lands near $1,307 per month. Add South Carolina property taxes and insurance and you’ll spend more than the average rent. But that payment is fixed for 30 years, and you’re building equity. Rent in Anderson has been creeping upward while home values barely budge.

If you’re planning to stay five years or more, buying looks reasonable on these numbers. For shorter stays, rent is easier.

Population Growth and Migration

Anderson is gaining people, just slowly. The city added roughly 1,500 residents between 2020 and 2024.

That’s a 5.0% gain over four years — about 1.2% per year. Steady, but not explosive. Growth picked up in 2023 and 2024, with the city adding more than 400 residents each of those years.

How does Anderson stack up against other South Carolina cities?

Anderson grows faster than Charleston and Mount Pleasant but trails the fast-growth coastal cities. That’s probably why home prices aren’t surging — demand is rising, but not at the rate you see on the coast.

A 1.2% population growth rate translates to real but manageable housing demand. Builders can keep up. Prices don’t spike. That matches what the home value data shows.

Anderson Housing Market Trends

Here’s every monthly reading from the past year:

The pattern is clear: prices dipped slightly from March to September 2025, bottoming out at $243,315. Then the market turned. Six straight months of gains followed, bringing the median back above $245,000.

The recovery has been quiet. October added $222. November added $423. December added $542. The numbers are getting bigger each month. That’s the definition of building momentum.

Still, the total range from low to high over twelve months is only about $2,250 — less than 1% of the median. Anderson isn’t volatile. It just doesn’t move fast in either direction.

Is Anderson a Good Place to Buy in 2026?

The data paints a mixed picture, leaning slightly toward buyers.

Prices are flat. Inventory pressure is low. You’re not competing with a surge of out-of-state buyers the way you would in Charleston. The 0.5% annual gain means sellers can’t push unrealistic prices and expect to get them.

But the trend line points up. The last six months have shown steady monthly gains. If you wait a year expecting a lower price, you may be disappointed.

Population growth of 5% over four years suggests sustained demand. Builders aren’t overbuilding at that pace. The rent market is reasonable — $1,188 to $1,434 in tracked ZIPs — which caps how far home prices can detach from local incomes.

If you can afford a $246,000 home and plan to stay, 2026 looks like a decent year to buy in Anderson. If you’re shopping below $200,000, ZIP 29624 is where your budget goes furthest.

Anderson Housing Market Outlook for 2026-2027

Recent months show gentle upward momentum. November through February each posted gains in the $300–$750 range. If the current pace continues, the median could cross $248,000 by mid-2026 and approach $250,000 by year-end.

That’s extrapolation, not prophecy. The 3-month trend suggests prices will keep climbing at a slow rate. There’s nothing in the data that signals a reversal.

Population growth of roughly 1.2% per year supports continued demand. The ZIP spread — from $147,707 to $312,178 — gives buyers at different budget levels real options. Neither end is stretched thin.

The biggest wildcard is what happens to mortgage rates. Anderson’s local fundamentals don’t flash warning signs. But any housing forecast depends on financing costs outside the local market’s control.

Similar Markets in SC

If Anderson’s $246K median fits your budget, other South Carolina markets worth comparing:

• Spartanburg — another upstate city with similar metro economics, often priced close to Anderson.
• Aiken — smaller market on the Georgia border, generally in the same affordability range.
• Florence — Pee Dee region city worth checking if you want an even smaller market.
• Columbia — the state capital, bigger than Anderson with more job diversity and slightly higher prices.
• Greenville — Anderson’s metro neighbor, usually pricier but with more amenities.

Frequently Asked Questions

What is the average home price in Anderson?

The median home value in Anderson, SC is $245,568 as of February 2026. That number covers four ZIP codes with individual values ranging from $147,707 in 29624 to $312,178 in 29621.

Are home prices going up or down in Anderson?

Prices are up 0.5% year over year. Values dipped slightly in mid-2025 before recovering, and the past six months have shown small but consistent monthly gains.

Is it cheaper to rent or buy in Anderson?

Average rent across tracked ZIPs is about $1,341 per month. With a price-to-rent ratio near 17, Anderson is borderline — buying edges out renting if you stay at least five years, but renting is easier if you plan to move sooner.

What is the most affordable neighborhood in Anderson?

ZIP 29624 is the most affordable at $147,707, which is 40% below the city median. The next cheapest tracked area is 29625 at $260,124 — a big jump from the bottom.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.