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Southern Shops

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

Median Home$125,690
Median Rent$1,055/month
Population3,870
Leading IndustriesWholesale Trade · Healthcare · Transportation18% wholesale trade
Home Value Growth⬆⬆+20.3% over 2 years
Young Adults36% of residentstop 5% nationally
Renters54% of occupied units
Southern Shops
SC

Frequently Asked Questions

What are today's mortgage rates in Southern Shops?

As of today, the 30-year fixed mortgage rate for Southern Shops is approximately 7.124% (7.171% 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 Southern Shops?

The median home value in Southern Shops is $126k. The median monthly rent is $1,055. Annual property taxes average $856. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Southern Shops?

Home values in Southern Shops have increased 20.3% 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 Southern Shops?

Based on a typical all-in ownership cost of $929/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Southern Shops is $38k/year.

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What industries drive the economy in Southern Shops?

The largest employment sectors in Southern Shops are wholesale trade (18%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.