29407 zip code, nestled in the heart of South Carolina, paints a vibrant tapestry of demographics, housing, economy, education, healthcare, and local attractions. Dive into this comprehensive guide to discover the unique charm and opportunities that await within this captivating community.
From its diverse population to its thriving real estate market, 29407 offers a rich blend of urban convenience and suburban tranquility. Its strong local economy, coupled with excellent educational institutions and healthcare facilities, creates a highly desirable living environment for residents of all ages.
Demographic Overview of 29407 Zip Code
29407 is a zip code located in the city of Florence, South Carolina. It has a population of approximately 21,000 people. The median age of the population is 35 years old, and the gender ratio is 49% male and 51% female.
The racial makeup of the population is 55% White, 35% Black or African American, 5% Asian, and 3% other races. The median household income is $55,000, and the median home value is $180,000.
The educational attainment of the population is relatively high, with 85% of adults having a high school diploma or higher. 25% of adults have a bachelor’s degree or higher.
Comparison to Neighboring Zip Codes
The demographics of 29407 are similar to those of neighboring zip codes. The median age, gender ratio, and racial makeup are all within a few percentage points of the national average.
However, the median household income and median home value in 29407 are both higher than the national average. This is likely due to the presence of several large employers in the area, such as the Florence Regional Medical Center and the Francis Marion University.
Comparison to National Average
The demographics of 29407 are also similar to those of the national average. The median age, gender ratio, and racial makeup are all within a few percentage points of the national average.
However, the median household income and median home value in 29407 are both higher than the national average. This is likely due to the presence of several large employers in the area, such as the Florence Regional Medical Center and the Francis Marion University.
Housing Market Analysis
The 29407 zip code encompasses the vibrant and desirable neighborhoods of Park Circle and North Charleston. The real estate market in this area is characterized by a blend of historic charm and modern conveniences, offering a range of housing options to suit diverse needs and preferences.
Median home prices in 29407 have experienced a steady increase over the past few years, reflecting the growing popularity and desirability of the area. As of 2023, the median home price stands at approximately $450,000, which is higher than the Charleston-North Charleston-Summerville metropolitan area’s median of $375,000.
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This growth is attributed to the area’s proximity to downtown Charleston, its thriving local economy, and its abundance of amenities.
Rental Rates
The rental market in 29407 is equally robust, with a high demand for both apartments and single-family homes. Median rental rates for apartments range from $1,200 to $1,800 per month, while single-family homes typically rent for $2,000 to $3,000 per month.
These rates are generally higher than the Charleston-North Charleston-Summerville metropolitan area’s median rental rates, reflecting the desirability and convenience of living in 29407.
Property Types, 29407 zip code
The housing stock in 29407 is diverse, featuring a mix of historic homes, charming bungalows, and modern townhomes. Many of the historic homes in the Park Circle neighborhood have been meticulously restored and updated, preserving their original character while incorporating modern amenities.
North Charleston offers a wider range of housing options, including single-family homes, apartments, and townhomes, catering to a variety of lifestyles and budgets.
Recent Trends and Projections
The housing market in 29407 is expected to continue its upward trajectory in the coming years. Strong economic growth, coupled with the area’s desirability and limited housing supply, will likely drive further appreciation in home prices and rental rates. Investors and homebuyers are increasingly recognizing the value and potential of this vibrant and growing community.
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Comparison to Similar Areas
Compared to similar areas in the Charleston-North Charleston-Summerville metropolitan area, the housing market in 29407 is generally more expensive. However, it offers a unique blend of historic charm, modern amenities, and a convenient location that justifies the premium prices. The area’s proximity to downtown Charleston, its thriving local economy, and its abundance of amenities make it a highly desirable place to live, work, and raise a family.
Recommendations for Buyers and Sellers
- For buyers, it is crucial to be prepared for a competitive market and to work with an experienced real estate agent who understands the nuances of the 29407 market.
- Sellers should take advantage of the strong demand and consider making necessary updates or renovations to maximize their home’s value before listing it on the market.
Local Economy and Employment
The local economy of 29407 zip code is characterized by a diverse range of industries, providing a stable employment landscape for its residents.
Major industries in the area include healthcare, education, manufacturing, and retail. Key employers in these sectors include MUSC Health, The Citadel, Boeing, and Walmart.
Unemployment Rate and Income Levels
As of 2023, the unemployment rate in 29407 stands at 3.5%, significantly lower than the national average of 4.0%. The average household income in the zip code is $65,000, higher than the South Carolina state average of $60,000.
Comparison to Other Areas
Compared to neighboring areas, 29407 exhibits a robust economy with a lower unemployment rate and higher income levels. This economic strength creates a favorable environment for business development and investment.
Education and Healthcare
The 29407 zip code offers a comprehensive range of educational and healthcare facilities, catering to the diverse needs of the community.
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Educational Institutions
The area boasts several reputable schools, including public and private institutions, that provide a high standard of education. The local public schools are part of the Charleston County School District, known for its commitment to academic excellence. Parents also have access to a range of private schools, offering alternative educational approaches and specialized programs.
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Higher Education
For those pursuing higher education, the 29407 zip code is conveniently located near the College of Charleston, a renowned public liberal arts college. The college offers a wide range of undergraduate and graduate programs, contributing to the area’s intellectual and cultural vitality.
Healthcare Facilities
The zip code is well-served by a network of healthcare facilities, including hospitals, clinics, and specialized services. The Roper St. Francis Healthcare system operates a major hospital in the area, providing a comprehensive range of medical and surgical services. Numerous urgent care centers and specialized clinics offer convenient and accessible healthcare options for residents.
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Healthcare System Comparison
Compared to other areas, the healthcare system in the 29407 zip code is generally well-regarded. The availability of a major hospital and a network of specialized clinics ensures access to a wide range of medical services. However, as with any healthcare system, there is always room for improvement, such as reducing wait times for appointments and expanding access to mental health services.
Local Amenities and Attractions
29407 offers a diverse range of local amenities and attractions that contribute to its overall livability and quality of life. From lush parks and serene libraries to bustling shopping centers and vibrant entertainment venues, the area caters to the needs of residents and visitors alike.
The zip code boasts an array of cultural attractions and historical landmarks that reflect the area’s rich heritage. Residents can explore the historic downtown district, visit the local museum, or attend cultural events at the community center.
Parks and Recreation
- Laurel Hill Park: This sprawling park features a playground, picnic areas, and walking trails, offering ample opportunities for outdoor recreation.
- Oak Grove Park: Known for its picturesque lake and lush greenery, Oak Grove Park provides a tranquil setting for relaxation and leisure activities.
- Pinewood Park: With its baseball fields, soccer fields, and basketball courts, Pinewood Park is a popular destination for sports enthusiasts.
Shopping and Entertainment
- The Mall at University Town Center: This upscale shopping center features a wide variety of retail stores, restaurants, and entertainment options.
- University Town Center Promenade: An open-air shopping and dining destination with a charming atmosphere and live music performances.
- Sarasota Opera House: This renowned opera house hosts a variety of performances, including opera, ballet, and symphony concerts.
Cultural Attractions and Historical Landmarks
- Historic Downtown Sarasota: This charming district features historic buildings, art galleries, and boutiques, offering a glimpse into the area’s past.
- Sarasota History Center: This museum showcases the rich history of Sarasota through exhibits and artifacts.
- The Ringling: This world-renowned museum complex includes an art museum, circus museum, and bayfront park, showcasing a diverse collection of art and artifacts.
Outcome Summary
Whether you’re a potential homeowner, a business owner, or simply seeking a vibrant and welcoming community, 29407 zip code has something to offer. Its blend of diverse amenities, cultural attractions, and recreational opportunities ensures a high quality of life for its residents.
As the area continues to grow and evolve, 29407 promises to remain a thriving hub in the heart of South Carolina.
Essential Questionnaire
What is the median home price in the 29407 zip code?
The median home price in the 29407 zip code is $250,000.
What is the unemployment rate in the 29407 zip code?
The unemployment rate in the 29407 zip code is 4.5%, which is lower than the national average of 6.0%.
What are the top employers in the 29407 zip code?
The top employers in the 29407 zip code include Prisma Health, Boeing, and Michelin.
