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ZIP Code · SC

ZIP 29505

Part of Florence, SC
Pop. 23,895·Florence County·97th most expensive ZIP in South Carolina
Median rent (all units)
$1,441/mo
Year-over-Year
+6.3%
Month-over-Month
-4.8%
vs US Median
-$524
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 29505 · $1,441
More affordable than 78% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,170
1 BR
$1,180
2 BR
$1,380
3 BR
$1,770
4 BR+
$1,960
Research median
$1,380/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: July 20, 2026

Annual cost
$17,292/yr
At $1,441/mo median
Location
StateSC
CountyFlorence County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 6.3% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+6.3% YoY, -4.8% MoM), not inventory.
Demographics

Who lives here

ZIP 29505 (Florence, SC) is majority owner-occupied, 27.8% of residents hold a bachelor's degree or higher.

Population
23,895
Median income
$67,343
Median age
41.1
Renters
29.4%
Age distribution
22.4%
19.7%
27.2%
19.1%
Under 1822.4%
18–3419.7%
35–5427.2%
55–6411.6%
65+19.1%
Gender
44.7%
55.3%
Male44.7%
Female55.3%
Race & ethnicity
51.9%
40.9%
White51.9%
Black40.9%
Hispanic4.4%
Asian1.1%
Other1.8%
Education (25+)
30%
33.7%
27.8%
No HS diploma8.5%
HS diploma30%
Some college33.7%
Bachelor's+27.8%
Housing tenure
70.6%
29.4%
Owner70.6%
Renter29.4%

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

2021 vs 2026

How ZIP 29505 in Florence, SC has changed in 5 years

Income
$58,931 → $67,343
up 14.3%
Population
25,355 → 23,895
down 5.8%
Renter share
31.2% → 29.4%
-1.8 pts
Bachelor's+
27% → 27.8%
+0.8 pts
Median age
38.6 → 41.1
+2.5 yrs

Median household income rose from $58,931 to $67,343 between 2021 and 2024, a 14.3% shift. The population has contracted by 5.8% since 2021, moving from about 25,355 residents to roughly 23,895. Renters now make up 29.4% of households, compared with 31.2% five years ago.

Community

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Local insights

Tips for renters in ZIP 29505

About renting in ZIP 29505

Last updated: July 20, 2026

ZIP code 29505 covers Florence, SC. The median rent here is $1,441/mo as of July 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,380/mo.

At 26% of local median household income ($67,343/yr), ZIP 29505 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 29505?

As of July 20, 2026, the median monthly rent in ZIP 29505 (Florence, SC) is $1,441. This is based on aggregated data from public sources and community submissions.

How does ZIP 29505 rent compare to the US average?

ZIP 29505's median rent of $1,441/mo is $524 (27%) below the US national median of $1,965/mo.

How does ZIP 29505 compare to other ZIPs in South Carolina?

ZIP 29505 is among the more affordable ZIP codes in South Carolina, ranking #97 out of 124 ZIPs at $1,441/mo.

How much income do you need to rent in ZIP 29505?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,441/mo in ZIP 29505. The local median household income is $67,343/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 29505?

Rent in ZIP 29505 has increased 6.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 29505 an affordable place to rent?

ZIP 29505 is considered affordable for renters. At $1,441/mo, rent takes approximately 26% of the local median household income ($67,343/yr). The standard benchmark is 30%. ZIP 29505 falls comfortably within that range.

What percentage of ZIP 29505 residents rent vs. own?

According to Census data, approximately 29.4% of ZIP 29505 households are renters, while 70.6% are owner-occupied. ZIP 29505 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 29505 compare to the rest of Florence?

ZIP 29505 is pricier than Florence as a whole. At $1,441/mo, it's $128 above the Florence citywide median of $1,313/mo.

When was rent data for ZIP 29505 last updated?

Rent data for ZIP 29505 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,441/mo, rent takes ~26% of ZIP 29505's median household income ($67,343/yr). The standard benchmark is 30%.

ZIP 29505 26%Benchmark 30%
State income tax3–6.2%
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Schools nearby

Public schools near ZIP 29505 (Florence, SC)

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