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ZIP Code · SC

ZIP 29506

Part of Florence, SC
Pop. 20,777·Florence County·122nd most expensive ZIP in South Carolina
Median rent (all units)
$996/mo
Year-over-Year
Stable
Month-over-Month
-6.0%
vs US Median
-$969
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 29506 · $996
More affordable than 98% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$830
1 BR
$840
2 BR
$980
3 BR
$1,260
4 BR+
$1,390
Research median
$980/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
$11,952/yr
At $996/mo median
Location
StateSC
CountyFlorence County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -6.0% MoM), not inventory.
Demographics

Who lives here

ZIP 29506 (Florence, SC) is roughly split between renters and owners, has a median income below the national average, 14.4% of residents hold a bachelor's degree or higher.

Population
20,777
Median income
$40,311
Median age
36.4
Renters
46.2%
Age distribution
20.8%
27.6%
21.1%
12%
18.4%
Under 1820.8%
18–3427.6%
35–5421.1%
55–6412%
65+18.4%
Gender
43.4%
56.6%
Male43.4%
Female56.6%
Race & ethnicity
29.4%
65.4%
White29.4%
Black65.4%
Hispanic4.7%
Education (25+)
19.7%
34.3%
31.6%
14.4%
No HS diploma19.7%
HS diploma34.3%
Some college31.6%
Bachelor's+14.4%
Housing tenure
53.8%
46.2%
Owner53.8%
Renter46.2%

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

2021 vs 2026

How ZIP 29506 in Florence, SC has changed in 5 years

Income
$34,617 → $40,311
up 16.4%
Population
20,733 → 20,777
up 0.2%
Renter share
46.1% → 46.2%
+0.1 pts
Bachelor's+
17.5% → 14.4%
-3.1 pts
Median age
34.5 → 36.4
+1.9 yrs

Household income in the area moved from $34,617 to $40,311 across the same window, up 16.4% versus 2021. Bachelor's-degree-or-higher attainment moved from 17.5% to 14.4% across the same window.

Community

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Local insights

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About renting in ZIP 29506

Last updated: July 20, 2026

ZIP code 29506 covers Florence, SC. The median rent here is $996/mo as of July 2026. A 1-bedroom rents for a median of $840/mo. A 2-bedroom rents for a median of $980/mo.

At 30% of local median household income ($40,311/yr), ZIP 29506 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 29506?

As of July 20, 2026, the median monthly rent in ZIP 29506 (Florence, SC) is $996. This is based on aggregated data from public sources and community submissions.

How does ZIP 29506 rent compare to the US average?

ZIP 29506's median rent of $996/mo is $969 (49%) below the US national median of $1,965/mo.

How does ZIP 29506 compare to other ZIPs in South Carolina?

ZIP 29506 is among the more affordable ZIP codes in South Carolina, ranking #122 out of 124 ZIPs at $996/mo.

How much income do you need to rent in ZIP 29506?

To keep rent at or below 30% of gross income, you would need to earn at least $40,000/year (~$19/hour full-time) to afford the median rent of $996/mo in ZIP 29506. The local median household income is $40,311/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 29506?

Rent in ZIP 29506 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 29506 an affordable place to rent?

ZIP 29506 is considered moderate for renters. At $996/mo, rent takes approximately 30% of the local median household income ($40,311/yr). The standard benchmark is 30%. ZIP 29506 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 29506 residents rent vs. own?

According to Census data, approximately 46.2% of ZIP 29506 households are renters, while 53.8% are owner-occupied. ZIP 29506 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 29506 compare to the rest of Florence?

ZIP 29506 is more affordable than Florence overall. At $996/mo, it's $317 below the Florence citywide median of $1,313/mo.

When was rent data for ZIP 29506 last updated?

Rent data for ZIP 29506 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $996/mo, rent takes ~30% of ZIP 29506's median household income ($40,311/yr). The standard benchmark is 30%.

ZIP 29506 30%Benchmark 30%
State income tax3–6.2%
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Schools nearby

Public schools near ZIP 29506 (Florence, SC)

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