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ZIP Code · SC

ZIP 29720

Pop. 53,584·Lancaster County·111th most expensive ZIP in South Carolina
Median rent (all units)
$1,318/mo
Year-over-Year
Stable
Month-over-Month
-4.0%
vs US Median
-$647
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 29720 · $1,318
More affordable than 86% of US ZIP codes · National median $1,965/mo
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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$870
1 BR
$890
2 BR
$1,000
3 BR
$1,370
4 BR+
$1,610
Research median
$1,000/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
$15,816/yr
At $1,318/mo median
Location
StateSC
CountyLancaster 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, -4.0% MoM), not inventory.
Demographics

Who lives here

ZIP 29720 (Lancaster, SC) is majority owner-occupied, has a median income below the national average, 24% of residents hold a bachelor's degree or higher.

Population
53,584
Median income
$62,969
Median age
42
Renters
20.2%
Age distribution
21.2%
20%
25.3%
13.7%
19.8%
Under 1821.2%
18–3420%
35–5425.3%
55–6413.7%
65+19.8%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
66.8%
24.3%
White66.8%
Black24.3%
Hispanic8%
Asian0.5%
Education (25+)
12.7%
33.3%
30%
24%
No HS diploma12.7%
HS diploma33.3%
Some college30%
Bachelor's+24%
Housing tenure
79.8%
20.2%
Owner79.8%
Renter20.2%

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

2021 vs 2026

How ZIP 29720 in Lancaster, SC has changed in 5 years

Income
$53,489 → $62,969
up 17.7%
Population
49,870 → 53,584
up 7.4%
Renter share
26.5% → 20.2%
-6.3 pts
Bachelor's+
21% → 24%
+3.0 pts
Median age
41.1 → 42
+0.9 yrs

Census figures show median household income at $62,969 today, compared with $53,489 five years earlier. Census counts show ZIP 29720 in Lancaster, SC adding about 3,714 residents over the five-year window, up 7.4% on net. The renter share has eased from 26.5% to 20.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 21% to 24% across the same window.

Community

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Local insights

Tips for renters in ZIP 29720

About renting in ZIP 29720

Last updated: July 20, 2026

ZIP code 29720 covers Lancaster, SC. The median rent here is $1,318/mo as of July 2026. A 1-bedroom rents for a median of $890/mo. A 2-bedroom rents for a median of $1,000/mo.

At 25% of local median household income ($62,969/yr), ZIP 29720 ranks as affordable 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 29720?

As of July 20, 2026, the median monthly rent in ZIP 29720 (Lancaster, SC) is $1,318. This is based on aggregated data from public sources and community submissions.

How does ZIP 29720 rent compare to the US average?

ZIP 29720's median rent of $1,318/mo is $647 (33%) below the US national median of $1,965/mo.

How does ZIP 29720 compare to other ZIPs in South Carolina?

ZIP 29720 is among the more affordable ZIP codes in South Carolina, ranking #111 out of 124 ZIPs at $1,318/mo.

How much income do you need to rent in ZIP 29720?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,318/mo in ZIP 29720. The local median household income is $62,969/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 29720?

Rent in ZIP 29720 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 29720 an affordable place to rent?

ZIP 29720 is considered affordable for renters. At $1,318/mo, rent takes approximately 25% of the local median household income ($62,969/yr). The standard benchmark is 30%. ZIP 29720 falls comfortably within that range.

What percentage of ZIP 29720 residents rent vs. own?

According to Census data, approximately 20.2% of ZIP 29720 households are renters, while 79.8% are owner-occupied. ZIP 29720 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 29720 compare to the rest of Lancaster?

ZIP 29720 sits right at the Lancaster citywide median of $1,318/mo.

When was rent data for ZIP 29720 last updated?

Rent data for ZIP 29720 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,318/mo, rent takes ~25% of ZIP 29720's median household income ($62,969/yr). The standard benchmark is 30%.

ZIP 29720 25%Benchmark 30%
State income tax3–6.2%
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Schools nearby

Public schools near ZIP 29720 (Lancaster, SC)

Recent submissions

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