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Vance

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

Median Home$184,200
Median Rent$1,072/month
Population96
Leading IndustriesFinance & Insurance · Wholesale Trade · Information & Media15% finance & insurance
Home Value Growth⬆⬆+16.0% over 2 years
Young Adults22% of residents
Homeowners68% of occupied units
Vance
SC

Frequently Asked Questions

What are today's mortgage rates in Vance?

As of today, the 30-year fixed mortgage rate for Vance is approximately 6.998% (7.038% 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 Vance?

The median home value in Vance is $184k. The median monthly rent is $1,072. Annual property taxes average $534. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Vance?

Home values in Vance have increased 16.0% 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 Vance?

Based on a typical all-in ownership cost of $837/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Vance is $38k/year.

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What industries drive the economy in Vance?

The largest employment sectors in Vance are retail (23%) and wholesale trade (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.