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Oconee County, SC

RANK #264 / 996  ·  POP 78,775  ·  SC

PROJECTED GROWTH: +1.7%

Oconee County combines solid growth with real affordability — a rare combination.

[01] Why Oconee County?

Oconee County, South Carolina, known as the "Land Beside the Water" by the Cherokee, is distinguished by its abundant natural beauty, including three major lakes—Jocassee, Keowee, and Hartwell—and over 100 waterfalls. Located in the state's northwestern corner at the foothills of the Blue Ridge Mountains, it offers extensive outdoor recreation like hiking the Foothills Trail, whitewater rafting on the Chattooga River, and various water sports. Towns like Seneca and Walhalla provide local charm, with Seneca bordering Lakes Keowee and Hartwell. The county is about a 45-minute drive from Greenville, SC, and offers a commute time to work similar to the statewide average.

Life in Oconee County balances a connection to nature with community amenities. The area attracts retirees and families, drawn by its quality of life and affordable living. The economy is significantly driven by manufacturing, which accounts for over 25% of the workforce and has seen substantial growth. Educational institutions like the Oconee County School District, which includes the Hamilton Career and Technology Center, and nearby Clemson University, support this manufacturing sector by providing a skilled workforce.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+3.3%

Above national median

Home Prices
+2.1%

Outpacing national median

Climate & Terrain
3.5

Favorable climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 3.7x — home prices are low relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Oconee County U.S. National

The Numbers

DEMOGRAPHICS
Population
78,775
+1.08% YoY
Median Household Income
$56,710
Median Home Value
$192,800
+2.13% 12mo
Median Rent
$852
Average Annual Pay
$57,970
+6.4% YoY
Employment
25,478
-0.1% YoY
Income-to-Home-Value
0.2941
More affordable than average
Migration Inflow
2.63%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$310,000
Days on Market
139
Slower market
Months of Supply
6.7
Buyer's market
Sale-to-List Ratio
95.0%
Negotiation room for buyers
Sold Above List
9.2%
Listings w/ Price Drops
20.1%
Building Permits (2024)
648
Single-Family Permits
608

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

[05] Capital Investment

$70M
TOTAL
PROJECT AMOUNT STATUS
BorgWarner Battery Module Production Facility Expansion
BorgWarner
$42M Planned
Itron Oconee County Expansion (2023)
Itron
$28M Under Construction

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

[06] Score Breakdown

GDP Growth +3.3% 62 percentile
Population Growth +1.1% 74 percentile
Income Growth +7.3% 22 percentile
Vacancy Rate 0.9% 69 percentile
Home Price Change +2.1% 61 percentile
Rent Growth +9.5% 97 percentile
Price/Rent 12x 71 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Oconee County has a Boom Town Index score of 74/100, ranking #264 among 996 U.S. counties. With job growth at -0.1% and a median household income of $56,710, it's an above-average county on economic indicators.

Is Oconee County affordable?

The median home value in Oconee County is $192,800 with median rent at $852/month. The income-to-home-value ratio is 0.2941, which is more affordable than the national average.

Is Oconee County growing or shrinking?

Population growth: +1.1% year-over-year. Job growth: -0.1%. Home values changed +2.1% in the past 12 months.

Are people moving to Oconee County?

Yes — 2.63% of Oconee County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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