ZIP Code · SC

ZIP 29506

Part of Florence, SC

Pop. 20,777·Florence County·114th most expensive ZIP in South Carolina

Median rent (all units)

$1,048/mo

Year-over-Year

Stable

Month-over-Month

+1.4%

vs US Median

-$884

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 29506 · $1,048

More affordable than 97% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($40,311) is $1,008 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($980); a 3-bedroom is $1,260.

Rank in Florence

1st cheapest of 3 ZIP codes in Florence.

From Zillow's monthly rent index (ZORI) for ZIP 29506. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,576/yr

At $1,048/mo median

Location

CityFlorence

StateSC

CountyFlorence County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.4% 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

Tips for renters in ZIP 29506

About renting in ZIP 29506

Last updated: October 17, 2026

ZIP code 29506 covers Florence, SC. The median rent here is $1,048/mo as of October 2026. A 1-bedroom rents for a median of $840/mo. A 2-bedroom rents for a median of $980/mo.

At 31% 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 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 $42,000/year (about $20/hour full-time) to afford the median rent of $1,048/mo in ZIP 29506. The local median household income is $40,311/yr, so the typical household falls short of that bar.