Summerville Home Prices: $377K, Down 1.3% — 3 ZIPs Analyzed (2026)

$376,736. That’s what a typical home costs in Summerville, SC right now — and it’s less than what buyers paid a year ago. Prices have slipped 1.3% over the past 12 months, part of a gradual cooling across the Charleston metro area. For buyers who felt priced out in 2024, the market is starting to give back a little ground.

Quick answer: The average home price in Summerville, SC is $376,736 as of February 2026, down 1.3% year over year according to Zillow.

Current Home Prices in Summerville

Here’s where the Summerville market stands as of February 2026:

The median has bounced in a narrow range over the past year, peaking near $382K in March and April of 2025 before starting a slow descent. The decline isn’t dramatic — we’re talking about $5,000 off the peak — but the direction has been consistent for nearly 12 straight months.

That 1.3% annual drop translates to roughly $4,900 in lost value on a typical home. Not catastrophic, but worth watching if you bought at the top.

The spread between Summerville’s cheapest and most expensive ZIP codes is about $45,000. That’s a relatively tight range for a city in the Charleston metro, meaning prices are fairly uniform no matter where you buy.

Summerville Home Prices by Neighborhood

All three Summerville ZIP codes tracked by Zillow, ranked from most to least expensive:

Most Expensive

29486 tops the list at $403,456 — about $27,000 above the city average and the only Summerville ZIP above $400K. It also commands the highest rents at $1,889 per month.

Most Affordable

29483 comes in at $358,546, roughly $18,000 below the city median. Interestingly, rent here ($1,821/mo) is higher than in the mid-priced 29485 ZIP, which suggests rental demand is strong in this area even as sale prices lag.

29485 sits in the middle at $368,205 and offers the lowest rent in the city at $1,743 per month — a solid option if you’re weighing both purchase price and carrying costs.

Rent vs Buy in Summerville

The average rent across Summerville’s three ZIP codes is roughly $1,818 per month. Now compare that to buying.

A mortgage on the median-priced home of $376,736 with 20% down ($75,347) leaves a loan of $301,389. At a 7% rate on a 30-year fixed mortgage, your principal and interest payment alone runs about $2,005 per month. Add property taxes, homeowner’s insurance, and PMI if you put down less than 20%, and you’re looking at $2,400 to $2,600 per month all-in.

Renting saves you $600 to $800 a month in cash flow. That gap narrows if mortgage rates drop, but at today’s rates, renters have the math on their side in Summerville — at least in the short term. Buying still makes sense if you plan to stay five or more years and want to build equity while prices are soft.

ZIP 29485 offers the best rent deal at $1,743 per month. If you’re renting while waiting for a better time to buy, that area deserves a look.

Population Growth and Migration

Summerville’s population reached 52,625 in 2024, up 3.3% from 50,957 in 2020. The city has added roughly 1,668 residents over four years — steady growth, but not explosive.

Growth picked up in 2024 with a jump of 807 residents, more than any previous single year in this period.

How does Summerville compare to its neighbors?

Summerville’s 3.3% growth trails every city on this list. North Charleston and Goose Creek are growing nearly three times as fast. That slower pace may actually be good news for buyers — less population pressure means less upward force on prices. It helps explain why Summerville is the only market in this group seeing year-over-year price declines.

Summerville Housing Market Trends

The 12-month price trend tells a clear story: a slow, steady slide.

From March 2025 to February 2026, the city average dropped from $381,589 to $376,736 — a decline of $4,853. The most expensive ZIP (29486) lost even more ground, falling from $412,882 to $403,456, a drop of $9,426.

The cheapest ZIP (29483) held up best, dipping only about $3,500 over the same period. Affordable areas tend to be stickier.

One thing worth noting: the decline has been flattening. The month-to-month drop between January and February 2026 was just $317. The market may be finding a floor.

Is Summerville a Good Place to Buy in 2026?

The numbers favor buyers right now. Prices are softening, inventory pressure is low relative to the rest of the Charleston metro, and population growth — while positive — isn’t enough to drive a bidding war.

A 1.3% annual decline won’t scare long-term buyers. If you’re planning to stay five to seven years, buying at $377K with modest downward momentum is a reasonable bet. You’re unlikely to see massive depreciation, and you’ll avoid the rent increases that tend to follow population growth.

Where to look: 29483 offers the lowest entry point at $359K. If you want to stretch, 29486 has come down nearly $10K in a year and still carries the strongest rental income potential at $1,889 per month.

Short-term flippers should be cautious. The trend is not your friend right now.

Summerville Housing Market Outlook for 2026-2027

The 12-month trend shows prices dropping about $400 per month on average, with the pace slowing in late 2025 and early 2026. If the current pace continues, expect the median to drift toward $370K to $375K by late 2026.

The three-month trend is nearly flat — January to February showed only a $317 increase. This stalling pattern often signals a bottom forming before a seasonal spring uptick.

Two factors to watch: mortgage rates and Charleston metro job growth. Summerville’s slower population growth (3.3%) compared to nearby cities suggests it won’t lead any regional rebound, but it also won’t be the first to overcorrect.

Don’t expect a crash. Don’t expect a surge. The data points to a flat-to-slightly-lower 2026, with any recovery likely back-loaded into 2027.

Similar Markets in SC

If you’re exploring Summerville, these South Carolina markets are worth comparing:

• Charleston — The larger neighbor. Higher prices, but 4.4% population growth means stronger long-term demand.
• Columbia — The state capital offers a different price point with 6.3% population growth.
• Myrtle Beach — A coastal market with different drivers. Worth checking if you want beach proximity.
• Greenville — Upstate SC’s biggest city. A good comparison for affordability and job market diversity.
• Fort Mill — Near Charlotte, NC. Attracts a different buyer profile but competes for the same SC relocators.

Frequently Asked Questions

What is the average home price in Summerville?

The average home price in Summerville is $376,736 as of February 2026. Prices range from $358,546 in ZIP 29483 to $403,456 in ZIP 29486. The city sits within the Charleston-North Charleston metro area.

Are home prices going up or down in Summerville?

Prices are down 1.3% year over year. The median fell from roughly $382K in spring 2025 to $377K in February 2026. The decline has been gradual — no sharp drops — and the month-to-month change has flattened in recent months.

Is it cheaper to rent or buy in Summerville?

Renting is cheaper in the short term. Average rent across Summerville is about $1,818 per month, while a mortgage on the median home runs $2,005 in principal and interest alone — before taxes and insurance push total costs to $2,400 or more.

What is the most affordable neighborhood in Summerville?

ZIP code 29483 has the lowest median home value at $358,546, roughly $18,000 below the city average. Despite the lower purchase price, rents there run $1,821 per month, making it one of the better areas for rental yield as well.

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.