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Promised Land

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

Median Home$236,200
Median Rent$664/month
Population386
Leading IndustriesRetail · Healthcare · Wholesale Trade21% retail
Home Value Growth⬆⬆⬆+32.3% over 2 years
Retirees22% of residentsnear the national average
Homeowners57% of occupied units
Promised Land
SC

Frequently Asked Questions

What are today's mortgage rates in Promised Land?

As of today, the 30-year fixed mortgage rate for Promised Land is approximately 6.899% (6.935% 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 Promised Land?

The median home value in Promised Land is $236k. The median monthly rent is $664. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Promised Land?

Home values in Promised Land have increased 32.3% 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 Promised Land?

Based on a typical all-in ownership cost of $711/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Promised Land is $42k/year.

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What industries drive the economy in Promised Land?

The largest employment sectors in Promised Land are public administration (26%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.