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ZIP Code · SC

ZIP 29501

Part of Florence, SC
Pop. 48,673·Florence County·85th most expensive ZIP in South Carolina
Median rent (all units)
$1,504/mo
Year-over-Year
+26.1%
Month-over-Month
+15.5%
vs US Median
-$458
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 29501 · $1,504
More affordable than 73% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,050
1 BR
$1,060
2 BR
$1,250
3 BR
$1,600
4 BR+
$1,770
Research median
$1,250/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$18,048/yr
At $1,504/mo median
Location
StateSC
CountyFlorence County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 26.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+26.1% YoY, +15.5% MoM), not inventory.
Demographics

Who lives here

ZIP 29501 (Florence, SC) is majority owner-occupied, has a large share of families with children, 33.5% of residents hold a bachelor's degree or higher.

Population
48,673
Median income
$71,671
Median age
38
Renters
36.5%
Age distribution
25.4%
20.4%
24.4%
13.8%
16%
Under 1825.4%
18–3420.4%
35–5424.4%
55–6413.8%
65+16%
Gender
47.5%
52.5%
Male47.5%
Female52.5%
Race & ethnicity
55.1%
35.8%
White55.1%
Black35.8%
Hispanic3.6%
Asian3.6%
Other1.9%
Education (25+)
27.4%
32.1%
33.5%
No HS diploma7%
HS diploma27.4%
Some college32.1%
Bachelor's+33.5%
Housing tenure
63.5%
36.5%
Owner63.5%
Renter36.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 29501 in Florence, SC has changed in 5 years

Income
$60,215 → $71,671
up 19.0%
Population
47,145 → 48,673
up 3.2%
Renter share
38.3% → 36.5%
-1.8 pts
Bachelor's+
32.7% → 33.5%
+0.8 pts

On the earnings side, the typical household in ZIP 29501 in Florence, SC now reports about $71,671, up from $60,215 in 2021. Headcount in the area went from 47,145 to 48,673 between 2021 and 2024, a 3.2% change. About 36.5% of households rent today, against 38.3% in 2021.

Community

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Local insights

Tips for renters in ZIP 29501

About renting in ZIP 29501

Last updated: August 17, 2026

ZIP code 29501 covers Florence, SC. The median rent here is $1,504/mo as of August 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,250/mo.

At 25% of local median household income ($71,671/yr), ZIP 29501 ranks as affordable compared to the national benchmark of 30%. Rents have increased 26.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 29501?

As of August 17, 2026, the median monthly rent in ZIP 29501 (Florence, SC) is $1,504. This is based on aggregated data from public sources and community submissions.

How does ZIP 29501 rent compare to the US average?

ZIP 29501's median rent of $1,504/mo is $458 (23%) below the US national median of $1,962/mo.

How does ZIP 29501 compare to other ZIPs in South Carolina?

ZIP 29501 is among the more affordable ZIP codes in South Carolina, ranking #85 out of 121 ZIPs at $1,504/mo.

How much income do you need to rent in ZIP 29501?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (~$29/hour full-time) to afford the median rent of $1,504/mo in ZIP 29501. The local median household income is $71,671/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 29501?

Rent in ZIP 29501 has increased 26.1% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 29501 an affordable place to rent?

ZIP 29501 is considered affordable for renters. At $1,504/mo, rent takes approximately 25% of the local median household income ($71,671/yr). The standard benchmark is 30%. ZIP 29501 falls comfortably within that range.

What percentage of ZIP 29501 residents rent vs. own?

According to Census data, approximately 36.5% of ZIP 29501 households are renters, while 63.5% are owner-occupied. ZIP 29501 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 29501 compare to the rest of Florence?

ZIP 29501 is pricier than Florence as a whole. At $1,504/mo, it's $42 above the Florence citywide median of $1,462/mo.

When was rent data for ZIP 29501 last updated?

Rent data for ZIP 29501 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,504/mo, rent takes ~25% of ZIP 29501's median household income ($71,671/yr). The standard benchmark is 30%.

ZIP 29501 25%Benchmark 30%
State income tax3–6.2%
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Schools nearby

Public schools near ZIP 29501 (Florence, SC)

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