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Nichols

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

Median Home$102,500
Median Rent$602/month
Population238
Leading IndustriesTransportation · Construction · Agriculture & Mining4% transportation
Home Value Growth+4.8% over 2 years
Family-Friendly31% of residentstop 3% nationally
Homeowners53% of occupied units
NotableTransit85/100 · excellent transit access
NotableAffordable Market$103k median home · lower cost than 91% of the country
Nichols
SC

Frequently Asked Questions

What are today's mortgage rates in Nichols?

As of today, the 30-year fixed mortgage rate for Nichols is approximately 6.998% (7.038% 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 Nichols?

The median home value in Nichols is $103k. The median monthly rent is $602. Annual property taxes average $523. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Nichols?

Home values in Nichols have increased 4.8% over the past two years. This represents moderate growth. 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 Nichols?

Based on a typical all-in ownership cost of $526/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Nichols is $33k/year.

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What industries drive the economy in Nichols?

The largest employment sectors in Nichols are public administration (22%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.