29340 — Cherokee County, South Carolina Market Snapshot
Housing market data for zip code 29340 in Cherokee County, South Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
46 sales in 2026 (year to date)
Median Sale Price
$170,425
Days to Sell
56
Homes Sold
46
Inventory
65
Sale-to-List
95.1%
New Listings
71
Price/SqFt
$138
Pending Sales
59
Conforming Loan Available
Most homebuyers in 29340 can comfortably use conventional financing. The median home price of $170,425 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
29340's market is balanced with homes taking an average of 56 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 29340 sells for 4.9% below asking price (95.1% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 29340 can comfortably use conventional financing. The median home price of $170,425 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 29340 are set at the county level.
2026 Loan Limits — Cherokee County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 29340
To purchase the median home at $170,425 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,456.
Monthly Payment
$1,456
Income Required
$62,389
Principal & Interest
$1,050/mo
Down Payment (5%)
$8,521
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 29340.
Estimated Monthly Payment
$1,205
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