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Cheraw

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

Median Home$121,176
Median Rent$818/month
Population4,920
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare4% professional services
Home Value Growth⬆⬆⬆+22.7% over 2 years
Retirees27% of residentsabove average nationally
Homeowners68% of occupied units
NotableHighly Educated32% bachelor's · 22% graduate · top 6% nationally
NotableAffordable Market$121k median home · lower cost than 84% of the country
Cheraw
SC

Frequently Asked Questions

What are today's mortgage rates in Cheraw?

As of today, the 30-year fixed mortgage rate for Cheraw is approximately 6.846% (6.880% 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 Cheraw?

The median home value in Cheraw is $121k. The median monthly rent is $818. Annual property taxes average $500. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cheraw?

Home values in Cheraw have increased 22.7% 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 Cheraw?

Based on a typical all-in ownership cost of $672/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cheraw is $38k/year.

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What industries drive the economy in Cheraw?

The largest employment sectors in Cheraw are public administration (25%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.