29581 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Horry County
Centroid: Latitude 34.228, Longitude -79.148
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 29581 has segments in 3 Counties (Dillon, Horry, Marion).

Businesses Addresses: 44
PO Box Addresses: 158
Residential Addresses: 1,833

Multi-Family Addresses: 0
Single Family Addresses: 1,833

Foreclosures in SC 29581

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Nichols, SC 29581 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	3,990 (100%)
Population in Households	3,990 (100.0%)
Population in Families	3,264 (81.8%)
Population in Group Quarters¹	0
Population Density	25
Diversity Index²	54


INCOME
Median Household Income	$40,591
Average Household Income	$59,075
% of Income for Mortgage⁴	21%
Per Capita Income	$25,477
Wealth Index⁵	43

HOUSING
Total HU (Housing Units)	2,083 (100%)
Owner Occupied HU	1,252 (60.1%)
Renter Occupied HU	452 (21.7%)
Vacant Housing Units	380 (18.2%)
Median Home Value	$163,514
Average Home Value	$187,939
Housing Affordability Index³	126

HOUSEHOLDS
Total Households	1,703
Average Household Size	2.34
Family Households	1,103
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Nichols, SC 29581 - Peer Comparisons by Rank and Percentile

The table below compares 29581 to the other 395 ZIP Codes in South Carolina by rank and percentile using July 1, 2022 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	1.11%	0.71%
Households	1.31%	0.92%
Families		0.79%
Median Household Income		2.65%
Per Capita Income		3.69%
Owner Occupied HU		1.32%

Variable Description	Rank	Percentile
Total Population	# 243	39th
Population Density	# 330	17th
Median Household Income	# 325	18th
Housing Affordability Index	# 84	21st
Per Capita Income	# 280	29th
Diversity Index	# 186	53rd

29581 ZIP Code Profile, Map, Data & Demographics

ZIP Code 29581: Basic Data & USPS Preferred City Name

Nichols, SC 29581 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Nichols, SC 29581 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 29581

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