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Alcolu

Learn about the people, housing, costs and businesses in Alcolu, South Carolina

Median Home$156,000
Median Rent$679/month
Population418
Leading IndustriesConstruction · Professional Services · Agriculture & Mining11% construction
Home Value Growth⬆⬆+14.4% over 2 years
Retirees25% of residentsabove average nationally
Homeowners81% of occupied units
NotableAffordable Market$156k median home · lower cost than 72% of the country
Alcolu
SC

Frequently Asked Questions

What are today's mortgage rates in Alcolu?

As of today, the 30-year fixed mortgage rate for Alcolu is approximately 6.994% (7.037% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Alcolu?

The median home value in Alcolu is $156k. The median monthly rent is $679. Annual property taxes average $862. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Alcolu?

Home values in Alcolu have increased 14.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Alcolu?

Based on a typical all-in ownership cost of $519/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $22k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Alcolu is $67k/year.

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What industries drive the economy in Alcolu?

The largest employment sectors in Alcolu are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.