Gaffney housing market
Typical home value
$190K
▼ 2.4% 1 yr
Typical rent
$1,078/mo
▼ 0.3% 1 yr
12-month forecast
−0.8%
#509 of 546 metros
Gross rent yield
6.8%
#150 of 546 · U.S. 6.3%
Days to pending
63 days
1 yr
Listings with a price cut
30%
▲ +1.1 pts 1 yr
Key takeaways
- 1The typical home is worth $189,617, down 2.4% in a year and down 7% over five years.
- 2Zillow forecasts home values falling 0.8% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,078/mo (−0.3% YoY), a 6.8% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,042/mo in principal and interest, $36 less than renting.
- 5Homes go under contract in 63 days; 30% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 52/100, #115 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Gaffney compares
| Measure | Gaffney | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −2.4% | +1.2% | #533 |
| Home value, 5-yr change | −7.0% | +19.7% | |
| 12-month forecast | −0.8% | +1.1% | #509 |
| Rent, 1-yr change | −0.3% | +2.7% | #529 |
| Gross rent yield | 6.8% | 6.3% | #150 |
| Price-to-rent ratio | 14.7 | 15.8 | |
| Mortgage P&I on typical home | $1,042 | $2,012 | |
| Days to pending | 63 | 56 |
Cities in the Gaffney metro
1 cities with home value and rent data.
| Gaffney | $190K | ▼ 2.1% | $1,045 | ▼ 1.4% | 6.6% |
Run the numbers
Rental property calculator
Cash flow on a typical Gaffney rental ($190K, $1,078/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Gaffney home.
Rent vs buy
Is it cheaper to rent or buy in Gaffney?
Other South Carolina metros
Greenville, SC
$312K home$1,566 rent6.0% yield
▲ 1.4% 1 yr
Columbia, SC
$253K home$1,557 rent7.4% yield
▲ 1.6% 1 yr
Charleston, SC
$437K home$2,037 rent5.6% yield
▼ 0.2% 1 yr
Myrtle Beach, SC
$340K home$1,722 rent6.1% yield
▲ 0.6% 1 yr
Spartanburg, SC
$275K home$1,475 rent6.4% yield
▲ 1.1% 1 yr
Hilton Head Island, SC
$522K home$1,971 rent4.5% yield
▲ 0.7% 1 yr
Florence, SC
$193K home$1,516 rent9.4% yield
▲ 5.5% 1 yr
Sumter, SC
$200K home$1,467 rent8.8% yield
▲ 0.9% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.