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Summerton

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

Median Home$109,413
Median Rent$803/month
Population788
Leading IndustriesFinance & Insurance · Information & Media8% finance & insurance
Home Value Growth⬆⬆+18.8% over 2 years
Retirees28% of residentswell above average
Homeowners59% of occupied units
NotableAffordable Market$109k median home · lower cost than 89% of the country
Summerton
SC

Frequently Asked Questions

What are today's mortgage rates in Summerton?

As of today, the 30-year fixed mortgage rate for Summerton is approximately 7.026% (7.067% 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 Summerton?

The median home value in Summerton is $109k. The median monthly rent is $803. Annual property taxes average $924. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Summerton?

Home values in Summerton have increased 18.8% 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 Summerton?

Based on a typical all-in ownership cost of $777/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Summerton is $46k/year.

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What industries drive the economy in Summerton?

The largest employment sectors in Summerton are public administration (20%) and information and media (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.