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Lake Murray of Richland

Learn about the people, housing, costs and businesses in Lake Murray of Richland, South Carolina

Median Home$405,962
Median Rent$1,676/month
Population7,773
Leading IndustriesWholesale Trade · Education · Healthcare12% wholesale trade
Home Value Growth⬆⬆+18.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners82% of occupied units
NotableHigh Incomes$115k/year · top 10% nationally
Lake Murray of Richland
SC

Explore Lake Murray of Richland

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lake Murray of Richland?

As of today, the 30-year fixed mortgage rate for Lake Murray of Richland is approximately 6.923% (6.960% 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 Lake Murray of Richland?

The median home value in Lake Murray of Richland is $406k. The median monthly rent is $1,676. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Murray of Richland?

Home values in Lake Murray of Richland have increased 18.4% 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 Lake Murray of Richland?

Based on a typical all-in ownership cost of $1,667/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $71k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Murray of Richland is $115k/year.

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What industries drive the economy in Lake Murray of Richland?

The largest employment sectors in Lake Murray of Richland are public administration (19%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.