ZIP Code · SC

ZIP 29501

Part of Florence, SC

Pop. 48,673·Florence County·53rd most expensive ZIP in South Carolina

Median rent (all units)

$1,730/mo

Year-over-Year

+0.8%

Month-over-Month

-1.0%

vs US Median

-$202

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 29501 · $1,730

More affordable than 56% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of South Carolina

Rent in ZIP 29501 changed +0.8% over the year to September 2026. Across the 101 South Carolina ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($71,671) is $1,792 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,770).

Rank in Florence

3rd cheapest of 3 ZIP codes in Florence.

Cheaper nearby

ZIP 29505, 9 miles away, rents for 12% less ($1,519/mo), about $2,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 29501. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,760/yr

At $1,730/mo median

Location

CityFlorence

StateSC

CountyFlorence County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.8% YoY, -1.0% 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

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: October 17, 2026

ZIP code 29501 covers Florence, SC. The median rent here is $1,730/mo as of October 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,250/mo.

At 29% of local median household income ($71,671/yr), ZIP 29501 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.

FAQ

Frequently asked questions

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 $69,000/year (about $33/hour full-time) to afford the median rent of $1,730/mo in ZIP 29501. The local median household income is $71,671/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 29501?

Rent in ZIP 29501 has risen 0.8% over the past year.

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

ZIP 29501 is in the middle among South Carolina ZIP codes for rent, ranking #53 of 117 at $1,730/mo. Over the year to September 2026, rent in ZIP 29501 changed +0.8%, against a typical +3.4% across the 101 South Carolina ZIP codes Zillow tracks.