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Monarch Mill

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

Median Home$95,700
Median Rent$742/month
Population1,649
Leading IndustriesTransportation · Retail · Healthcare4% transportation
Home Value Growth⬆⬆+16.7% over 2 years
Young Adults26% of residents
Homeowners61% of occupied units
NotableAffordable Market$96k median home · lower cost than 93% of the country
Monarch Mill
SC

Frequently Asked Questions

What are today's mortgage rates in Monarch Mill?

As of today, the 30-year fixed mortgage rate for Monarch Mill is approximately 6.895% (6.931% 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 Monarch Mill?

The median home value in Monarch Mill is $96k. The median monthly rent is $742. Annual property taxes average $605. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Monarch Mill?

Home values in Monarch Mill have increased 16.7% 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 Monarch Mill?

Based on a typical all-in ownership cost of $648/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Monarch Mill is $40k/year.

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What industries drive the economy in Monarch Mill?

The largest employment sectors in Monarch Mill are public administration (18%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.