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South Carolina

Learn about the people, housing, costs and businesses across South Carolina

Median Home$285,150
Median Rent$1,270/month
Population5,296,225
Leading IndustriesRetail · Professional Services13% retail
Home Value Growth⬆⬆+19.8% over 2 years
Retirees19% of residentsslightly above average
Homeowners72% of occupied units
NotableVeteran Community8% of residents · top 21% nationally
South Carolina

Frequently Asked Questions

What are today's mortgage rates in South Carolina?

As of today, the 30-year fixed mortgage rate for South Carolina is approximately 6.858% (6.911% 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 South Carolina?

The median home value in South Carolina is $285k. The median monthly rent is $1,270. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in South Carolina?

Home values in South Carolina have increased 19.8% 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 South Carolina?

Based on a typical all-in ownership cost of $1,129/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in South Carolina is $74k/year.

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What industries drive the economy in South Carolina?

The largest employment sectors in South Carolina are public administration (22%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.