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Olar

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

Median Home$68,500
Median Rent$858/month
Population201
Leading IndustriesRetail · Construction · Agriculture & Mining44% retail
Home Value Growth-7.8% over 2 years
Retirees24% of residentsslightly above average
Homeowners88% of occupied units
Olar
SC

Frequently Asked Questions

What are today's mortgage rates in Olar?

As of today, the 30-year fixed mortgage rate for Olar is approximately 7.060% (7.101% 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 Olar?

The median home value in Olar is $69k. The median monthly rent is $858. Annual property taxes average $856. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Olar?

Home values in Olar have decreased 7.8% over the past two years. Buyers may find more negotiating room in this market. 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 Olar?

Based on a typical all-in ownership cost of $455/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $20k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Olar is $37k/year.

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What industries drive the economy in Olar?

The largest employment sectors in Olar are retail (44%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.