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Hemingway

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

Median Home$163,100
Median Rent$952/month
Population477
Leading IndustriesWholesale Trade · Transportation · Retail13% wholesale trade
Home Value Growth⬆⬆⬆+28.2% over 2 years
Retirees26% of residentsabove average nationally
Homeowners68% of occupied units
Hemingway
SC

Frequently Asked Questions

What are today's mortgage rates in Hemingway?

As of today, the 30-year fixed mortgage rate for Hemingway is approximately 7.101% (7.147% 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 Hemingway?

The median home value in Hemingway is $163k. The median monthly rent is $952. Annual property taxes average $870. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hemingway?

Home values in Hemingway have increased 28.2% 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 Hemingway?

Based on a typical all-in ownership cost of $685/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 Hemingway is $50k/year.

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What industries drive the economy in Hemingway?

The largest employment sectors in Hemingway are public administration (17%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.