HousingHandbookReference data

U.S. ZIP Code · SC29340

Cherokee County

Typical home value

$152,767[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-4.8%
5-year / yr
+0.7%
10-year / yr
+4.2%

Relative price

vs U.S.
-46.2%
vs metro
vs state
-32.6%
ZIP 29340 location in SC
Location of ZIP 29340 in SC

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 29340 is worth $152,767. Over the past year, values have fallen 4.8%. Homes here rent for a typical $1,145 a month — a 9.0% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$1,145[2]
Gross yield
9.0%[2]
Cap rate
5.4%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$912[3]

#Climate risk

FEMA National Risk Index ratings for Cherokee County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Relatively Low
Tornado
Relatively Moderate
Earthquake
Relatively Low
Winter weather
Relatively Low

#Who lives here

Population
20,763[3]
Median household income
$44,123[3]

#Migration

Household moves in and out of Cherokee County over a year, from IRS tax-return data.

Net migration
+223[5]
Moved in
1,398
Moved out
1,175

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
3
Middle
2
High
0
  • Gaffney Middle

    Middle · Grades 6–8 · Cherokee 01

    852 students

  • Cherokee Charter Academy

    Elementary · Grades PK–8 · Charter Institute at Erskine

    516 students

  • John E. Ewing Middle

    Middle · Grades 6–8 · Cherokee 01

    405 students

  • Corinth Elementary

    Elementary · Grades PK–5 · Cherokee 01

    305 students

  • Draytonville Elementary

    Elementary · Grades PK–5 · Cherokee 01

    265 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield9.0%
Net yield (after ~40% expenses)5.4%
Annual rent$13,740

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$772
Loan principal$122,213
Down payment$30,553
Total interest paid$155,876

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio0.85
Monthly cost to own$976
Monthly rent$1,145

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 29340?
The typical home in 29340 is worth $152,767, based on the Zillow Home Value Index.
Are home values rising in 29340?
Home values in 29340 are down 4.8% over the past year, and up 0.7% a year over five years.
What is the typical rent in 29340?
A typical home in 29340 rents for about $1,145 a month, a gross rental yield of 9.0%.
What is the property tax rate in 29340?
The effective property tax rate in 29340 is 0.6% — roughly $912 a year on a typical home.
Who lives in 29340?
ZIP code 29340 has a population of 20,763 and a median household income of $44,123.

Compare ZIPs

Pit ZIP 29340 against any other ZIP — full side-by-side table.

Compare 29340

#Jump to section