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Carolina Forest

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

Median Home$345,120
Median Rent$1,742/month
Population26,036
Leading IndustriesEducation · Transportation5% education
Home Value Growth⬆⬆+15.3% over 2 years
Young Adults26% of residents
Homeowners77% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Carolina Forest
SC

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Frequently Asked Questions

What are today's mortgage rates in Carolina Forest?

As of today, the 30-year fixed mortgage rate for Carolina Forest is approximately 6.900% (6.936% 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 Carolina Forest?

The median home value in Carolina Forest is $345k. The median monthly rent is $1,742. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Carolina Forest?

Home values in Carolina Forest have increased 15.3% 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 Carolina Forest?

Based on a typical all-in ownership cost of $1,340/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Carolina Forest is $81k/year.

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What industries drive the economy in Carolina Forest?

The largest employment sectors in Carolina Forest are public administration (23%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.