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Gaffney, SC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,098
Monthly Cash Flow
$33
Principal + Equity
$720
Annual Total Gain
$9,039
Cash on Cash
0.87%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$108
Occupancy Rate
44%
Monthly Revenue
$845
Monthly Cash Flow
-$347
Principal + Equity
$720
Annual Total Gain
$4,481
Cash on Cash %
-9.15%
Net ROI %
Market Health & Growth
Median Income
$41,214
Population
12,612
LTR Renter %
45.78%
Forecast (1 yr)
-3.1%
Appreciation (1 yr)
-5.3%
Appreciation (5 yr)
11.52%
Appreciation (10 yr)
45.62%
Job Growth
-0.48%
LTR Rentability
Moderate
STR Demand
29
STR Rentals
0
Top Public Schools
A-Shoally Creek Elementary School
BPinnacle Classical Academy
C
C
C
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Suburbs in South Carolina
#9out of 120 markets
Most Diverse Places to Live in South Carolina
#13out of 188 markets
Suburbs with the Lowest Cost of Living in South Carolina
#33out of 120 markets
C
Public School
D
Crime And Safety
C
Housing
B-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Gaffney, SC.
As of now, Gaffney, SC does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware that this could change in the future as the popularity of short term rentals continues to grow.
Before investing in a property for short term rental purposes in Gaffney, SC, investors should consider the following:
1. Stay informed: Keep up to date with any changes in local regulations regarding short term rentals in Gaffney. This can help investors avoid any potential issues or fines in the future.
2. Check zoning laws: Make sure the property is zoned for short term rentals. Some areas may have restrictions on the type of properties that can be used for short term rentals.
3. Obtain necessary permits: If permits are required for short term rentals in Gaffney, make sure to obtain them before listing the property for rent. Failure to do so could result in fines or other penalties.
4. Consider the impact on the community: Some residents may have concerns about the impact of short term rentals on the neighborhood. It is important to be a responsible host and consider the well-being of the community when operating a short term rental property.
Overall, while Gaffney, SC currently does not have specific regulations for short term rentals, investors should still be proactive in understanding any potential changes and ensuring compliance with any existing laws or regulations.
Market Trends Over Time
Explore 25 years of market data for Gaffney, SC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Gaffney, SC.
The LTR Genie Score of Gaffney, SC is 51 and STR Genie Score is 32, indicating a moderate level of rentability for long-term rentals and a lower level for short-term rentals. The LTR Net ROI of 19.87% suggests a decent return on investment for long-term rentals, while the STR Net ROI of 9.85% is slightly lower. The 1-Year Price Appreciation Forecast of -3.1% may be a concern for investors looking for capital appreciation.
Gaffney, SC is a small town located in the upstate region of South Carolina, known for its historic sites and proximity to outdoor recreational activities. The town has a diverse economy with industries such as manufacturing, healthcare, and education contributing to its growth.
Based on the metrics provided, Gaffney, SC may be more attractive for long-term rental investment due to the higher LTR Genie Score and Net ROI compared to short-term rentals. However, investors should consider the negative price appreciation forecast and low STR Genie Score when making their decision. It is recommended to conduct further research and analysis on the local market trends and demand before investing in either long-term or short-term rentals in Gaffney, SC.
LTR Genie Score 93
$159,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,694 sqft.🏠 SINGLE FAMILY
