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Anderson County, SC

RANK #614 / 996  ·  POP 204,592  ·  SC

PROJECTED GROWTH: +0.3%

Anderson County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Anderson County?

Anderson County, South Carolina, known as the "Electric City," earned its nickname for being one of the first cities in the Southeast powered by electricity from a hydroelectric plant in the late 19th century. Located in the state's Upstate region, it sits about 30 miles southwest of Greenville, offering a blend of small-town character with access to larger city conveniences. The county is bordered by the Savannah River and Lake Hartwell, a 55,000-acre reservoir with nearly 1,000 miles of shoreline, providing extensive opportunities for boating, fishing, and other outdoor activities. Commuting within the county and to nearby hubs like Clemson is generally manageable, with well-maintained roads and access to Interstate 85.

Life in Anderson County offers a slower pace, attracting families, professionals, and retirees. The community emphasizes its history and local businesses, with various events and cultural experiences throughout the year. Public schools in Anderson County are highly rated, and higher education opportunities are available through Anderson University and Tri-County Technical College. The economy is experiencing growth, driven by investments in advanced manufacturing, energy, and commercial and residential development. This economic activity contributes to a job market that allows many residents to live and work within the county or commute short distances.

[02] Market Snapshot

Housing Ratio
4.8x

Above national median (4.7x)

GDP Growth
+3.6%

Above national median

Home Prices
+1.1%

Below national median

Climate & Terrain
0.7

Moderate climate & terrain

Price/Rent
12x

Strong rental yield

Housing is fairly valued at 4.8x relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Anderson County U.S. National

The Numbers

DEMOGRAPHICS
Population
204,592
+1.17% YoY
Median Household Income
$62,347
Median Home Value
$189,400
+1.13% 12mo
Median Rent
$904
Average Annual Pay
$51,737
+4.9% YoY
Employment
72,695
+1.7% YoY
Income-to-Home-Value
0.3292
More affordable than average
Migration Inflow
3.03%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$290,000
Days on Market
100
Slower market
Months of Supply
6.4
Buyer's market
Sale-to-List Ratio
98.2%
Near asking price
Sold Above List
14.5%
Listings w/ Price Drops
25.6%
Building Permits (2024)
1,255
Single-Family Permits
1,087

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,943M
TOTAL
PROJECT AMOUNT STATUS
New Natural Gas Plant (1,365 MW)
Duke Energy
$3,200M Planned
Anderson Lake Mixed-Use Community (1,250 acres)
Dunean Capital Management
$500M Proposed
Techtronic Industries (TTI) Innovation Center Expansion
Techtronic Industries (TTI)
$75M Completed
Cypress Creek Renewables Solar Facility (50 MW)
Cypress Creek Renewables
$68M Completed
GDA Data Center
GDA
$50M Operating
Anderson Civic Center Battery Storage Project (5 MW)
Duke Energy Carolinas
$50M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.6% 66 percentile
Population Growth +1.2% 76 percentile
Income Growth +9.8% 77 percentile
Vacancy Rate 1.6% 19 percentile
Home Price Change +1.1% 47 percentile
Rent Growth +3.3% 56 percentile
Price/Rent 12x 71 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Anderson County, SC a good place to move to?

Anderson County has a Boom Town Index score of 38/100, ranking #614 among 996 U.S. counties. With job growth at +1.7% and a median household income of $62,347, it faces some economic headwinds compared to faster-growing counties.

Is Anderson County affordable?

The median home value in Anderson County is $189,400 with median rent at $904/month. The income-to-home-value ratio is 0.3292, which is more affordable than the national average.

Is Anderson County growing or shrinking?

Population growth: +1.2% year-over-year. Job growth: +1.7%. Home values changed +1.1% in the past 12 months.

Are people moving to Anderson County?

Yes — 3.03% of Anderson County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

McMinn County, TN 48 Montgomery County, VA 48 Bullitt County, KY 48 Cumberland County, NC 48 Licking County, OH 48 Walker County, GA 48 Monroe County, IN 48 Darlington County, SC 48