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Great Falls

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

Median Home$65,400
Median Rent$889/month
Population1,741
Leading IndustriesManufacturing · Public Administration3% manufacturing
Home Value Growth⬆⬆+18.0% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners83% of occupied units
NotableAmenity Score73/100 · highly walkable area
NotableVeteran Community10% of residents · top 14% nationally
Great Falls
SC

Frequently Asked Questions

What are today's mortgage rates in Great Falls?

As of today, the 30-year fixed mortgage rate for Great Falls is approximately 6.990% (7.032% 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 Great Falls?

The median home value in Great Falls is $65k. The median monthly rent is $889. Annual property taxes average $595. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Great Falls?

Home values in Great Falls have increased 18.0% 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 Great Falls?

Based on a typical all-in ownership cost of $412/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $18k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Great Falls is $31k/year.

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What industries drive the economy in Great Falls?

The largest employment sectors in Great Falls are public administration (27%) and retail (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.