Could this charming 3-bedroom bungalow at 1029 Deerwood St in Columbia’s Rosewood neighborhood be the right home for you?

If you are searching for a move-in-ready bungalow in one of Columbia’s most walkable and character-rich neighborhoods, 1029 Deerwood St deserves a very close look. Priced at $265,000 with a new roof, new HVAC, and a fully fenced backyard, this Rosewood gem checks the boxes most buyers spend months trying to find.

Why This Rosewood Bungalow Matters Right Now in Columbia

Columbia’s housing market has shifted in your favor. Active listings across the metro have grown by nearly 9%, and roughly 65% of sales in South Carolina are closing below asking price. That means you have real negotiating power in 2026, something that simply did not exist two or three years ago.

But here is the catch. Well-priced, move-in-ready homes in sought-after neighborhoods like Rosewood still attract serious attention. When a property comes along with a brand-new roof (2025), new HVAC (2024), white oak hardwood floors, and cathedral ceilings at $265,000, it does not sit around waiting for you to make up your mind. We recently worked with a couple who hesitated on a similar listing in the 29205 ZIP code, only to see it go pending within two weeks. The homes that are priced right and updated are still moving, even in a more balanced market.

That is exactly why we wanted to walk you through every detail of this home, so you can make a confident, informed decision.

Inside 1029 Deerwood St: A Room-by-Room Columbia Bungalow Tour

You know that feeling when you pull up to a home and it just feels right? That is what happens at 1029 Deerwood St. The classic front porch with a swing sets the tone before you even open the door. This is not a house that tries to impress you with size. It impresses you with thoughtfulness.

Step inside and you will find white oak hardwood floors flowing through the main living areas. The living room features a cathedral ceiling and a fireplace with gas logs, creating a space that feels much larger than the 1,165 square feet on paper. The kitchen has been updated with a tile backsplash and dark countertops, and it opens naturally into the dining area, giving you that connected, modern layout without sacrificing the bungalow’s character.

The three bedrooms offer generous closet space. The primary bedroom stands out with a tray ceiling, walk-in closet, and a private bath featuring a garden tub, double vanity, and separate shower. These are details you would normally expect at a higher price point in the 29205 ZIP code.

And the backyard? A fully fenced, private retreat surrounded by mature trees. For families with pets or kids, or for anyone who just wants to sit outside without staring at a neighbor’s window, this is a rare find in an urban-adjacent neighborhood.

We actually filmed a full video walkthrough of this home so you can experience every room before scheduling an in-person visit. It covers every corner from the front porch to that fenced backyard.

How 1029 Deerwood St Stacks Up in the Rosewood Market

Let us talk numbers, because that is what helps you make a smart decision.

The median home value in ZIP code 29205, which includes Rosewood and the Shandon corridor, sits at $304,211. That is significantly above Columbia’s citywide average of $231,363. What does that tell you? It tells you that 29205 is a premium location where values hold and appreciation trends upward. The high end of Columbia’s market is moving faster than the low end, so neighborhoods like Rosewood are positioned to continue pushing above the city average.

Here is how nearby active listings compare right now:

  • 1029 Deerwood St: 3 bed, 2 bath, 1,165 sq ft at $265,000
  • 606 Hemhill St: 3 bed, 1.5 bath, 1,304 sq ft at $280,000
  • 724 Pembroke Ave: 2 bed, 1 bath, 1,050 sq ft at $259,900

At $265,000, you are getting a 3/2 bungalow with two of the most expensive maintenance items already handled (roof and HVAC), hardwoods throughout, and a fenced yard. That is competitive pricing for this pocket of Rosewood.

What we tell our clients is this: Columbia typically prices 15 to 25% below Greenville and more than 40% below Charleston. So your dollar stretches further here, and Rosewood gives you walkability and neighborhood character that suburban developments simply cannot replicate.

What Living in Rosewood Actually Looks Like Day to Day

This is where the decision gets personal. You are not just buying a house. You are buying into a daily rhythm, and Rosewood has one of the best in Columbia.

Just three and a half miles from Downtown Columbia, the neighborhood is anchored by Rosewood Drive, a commercial corridor lined with places you will actually use. Think upscale brewpubs like The Kraken, the legendary Rosewood Dairy Bar for burgers, and Rosewood Market and Deli for quick grocery runs. Publix is only 1.4 miles away for your bigger shopping trips.

The Deerwood Street corridor has three shopping centers within 0.9 mile, roughly a 16-minute walk. You will likely still want a car for longer commutes, but weekend errands can genuinely happen on foot.

Speaking of commutes:

Downtown Columbia and Main Street: about 5 minutes by drive

University of South Carolina: within 8 minutes or 3.5 miles

Interstate 77 access: about 5 minutes

For families, 1029 Deerwood St falls within the Richland 01 School District attendance zone. That means Rosewood Elementary, Hand Middle School, and Dreher High School, one of Columbia’s most storied public high schools with a strong academic reputation. The Shandon and Rosewood corridor consistently outperforms the citywide school averages.

One family we worked with recently was relocating to Columbia from out of state. They had originally been looking at newer construction in the suburbs, but after spending a Saturday afternoon walking Rosewood Drive and seeing how close everything was, they completely shifted their search. They ended up buying a bungalow two streets over from Deerwood and told us it was the neighborhood that sealed the deal, not the house itself.

Financing Your Columbia Bungalow: What $265,000 Actually Costs

You might be surprised by how accessible this home really is from a monthly payment standpoint.

For a $265,000 purchase with 3.5% down (FHA financing) at approximately 6.2% interest, here is what you are looking at:

Down payment: approximately $9,625

Estimated monthly payment (principal, interest, taxes, insurance): roughly $1,850 to $2,000

With SC Housing down payment assistance, your out-of-pocket down payment could drop to $0

South Carolina offers some of the lowest property taxes in the country for primary residents, which significantly reduces your total monthly payment compared to states in the Northeast or Midwest. Columbia’s Housing Affordability Index currently sits at 121, meaning the typical household earns 21% more than needed to qualify for a median-priced home.

Here are the programs that could work for you:

SC Housing Homebuyer (BOND) Program: Forgivable down payment assistance with 0% interest and no monthly payments, forgiven after 15 years of owner occupancy

Palmetto Heroes Program (2026): $10,000 in forgivable down payment assistance for teachers, nurses, law enforcement, firefighters, EMTs, veterans, active-duty military, and National Guard members

Palmetto Home Advantage: Forgivable down payment assistance with no first-time buyer requirement and no sales price limits, available across all 46 South Carolina counties

Richland County RCHAP: Up to $24,500 in down payment and closing cost assistance through a 0% interest deferred loan, fully forgivable after 5 years

With 9 years of experience and over 120 transactions closed in the Columbia market, we have helped dozens of buyers navigate these programs. What we always recommend is getting pre-approved and identifying your assistance eligibility before you even schedule a showing. It puts you ahead of competing offers and gives you clarity on what you can truly afford.

Why a Bungalow Might Make Sense If You Are Inheriting or Transitioning

As a Certified Probate Real Estate Specialist and Seniors Real Estate Specialist, we see a unique angle here that many buyers overlook. Columbia bungalows like 1029 Deerwood St are not just appealing for first-time buyers. They are also well suited to navigating a probate situation, selling an inherited home, or helping a parent downsize.

If you are in the process of selling an inherited home somewhere else in Columbia and looking to reinvest in a manageable, single-level property in a walkable neighborhood, a Rosewood bungalow fits that transition perfectly. Single-story living, a low-maintenance yard, and proximity to medical centers and daily necessities all matter when you are thinking long-term.

We have walked families through this exact scenario, helping them sell an inherited property in one part of Columbia and find their next chapter in a neighborhood like Rosewood. The process can feel overwhelming, but having a probate agent who understands both sides of that equation makes a real difference.

Frequently Asked Questions About 1029 Deerwood St and Rosewood Columbia

How much is the bungalow at 1029 Deerwood St in Columbia listed for?

The home is currently listed at $265,000. It is a 3-bedroom, 2-bathroom single-level bungalow with 1,165 square feet. Given that the median home value in ZIP code 29205 is $304,211, this listing falls below the neighborhood median, making it a competitive entry point into one of Columbia’s most desirable areas.

What updates have been made to this Rosewood bungalow?

The two biggest ticket items have already been addressed. The roof was replaced in 2025, and the HVAC system was replaced in 2024. Inside, you will find updated kitchen finishes including a tile backsplash and dark countertops, white oak hardwood floors throughout the main living areas, and a primary bath with a double vanity and separate shower.

What schools serve the Deerwood Street area in Columbia?

This home falls within the Richland 01 School District attendance zone. The feeder schools are Rosewood Elementary, Hand Middle School, and Dreher High School. Dreher is one of Columbia’s most academically respected public high schools, and the Rosewood and Shandon corridor consistently outperforms citywide school averages.

Is Rosewood a walkable neighborhood in Columbia?

Yes. The Deerwood Street corridor has three shopping centers within 0.9 mile, about a 16-minute walk. Rosewood Drive offers restaurants, brewpubs, and local grocers. Publix is 1.4 miles away. You will likely still want a car for longer trips, but daily errands and weekend dining can happen on foot.

What is the commute from 1029 Deerwood St to Downtown Columbia?

Downtown Columbia and Main Street are approximately 5 minutes by car. The University of South Carolina campus is within 8 minutes or 3.5 miles. Interstate 77 access is also about 5 minutes away, making this location convenient for commuters heading in nearly any direction.

How does $265,000 compare to the Columbia market overall?

The average home value in Columbia is $231,363, so this listing is above the citywide average. However, it falls below the 29205 ZIP code median of $304,211. Columbia also prices 15 to 25% below Greenville and more than 40% below Charleston, making it one of the most affordable urban markets in South Carolina.

What would my monthly payment be on this Columbia bungalow?

With 3.5% down (FHA) at roughly 6.2% interest, you can expect a monthly payment in the range of $1,850 to $2,000 including principal, interest, taxes, and insurance. South Carolina’s low property tax rates for primary residents help keep that number manageable.

Are there down payment assistance programs for Columbia homebuyers?

Yes, several. The SC Housing BOND Program offers forgivable down payment assistance with 0% interest. The 2026 Palmetto Heroes Program provides $10,000 in forgivable assistance for qualifying public service professionals. The Richland County RCHAP offers up to $24,500. These programs can reduce your out-of-pocket costs significantly.

Is this a good time to buy a home in Columbia, South Carolina?

Columbia is currently in a balanced-to-buyer’s market in 2026. Active listings have grown by nearly 9%, homes are averaging around 52 to 62 days on market, and roughly 65% of sales are closing below asking price. You have more negotiating power now than at any point in the last three years.

Can a probate realtor in Columbia help me buy and sell at the same time?

Absolutely. If you are selling an inherited home and looking to purchase your next property, working with a probate agent who understands both sides of the transaction reduces stress and streamlines the timeline. We specialize in exactly this type of coordinated transition throughout the Columbia area.

The Bottom Line on This Rosewood Bungalow in Columbia

You are looking at a 3-bedroom, 2-bathroom bungalow in one of Columbia’s most walkable and character-rich neighborhoods, priced below the ZIP code median, with a brand-new roof and HVAC already handled. The Rosewood neighborhood puts you minutes from Downtown Columbia, within the Dreher High School feeder zone, and walking distance from restaurants and shops on Rosewood Drive.

Whether you are a first-time buyer, relocating to the Midlands, or navigating a probate or downsizing transition, this home deserves a serious look. We filmed a complete video walkthrough so you can see every room before visiting in person.

When you are ready to take the next step, reach out to us at The Highland Company Real Estate. You can call or text at 803-530-9272, or visit our office at 6000 Garners Ferry Road, Suite 7, Columbia, SC 29209. We would love to walk you through this home and help you figure out if 1029 Deerwood St is where your next chapter begins.