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Wedgefield

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

Median Home$70,958
Median Rent$1,023/month
Population1,862
Leading IndustriesFinance & Insurance · Information & Media7% finance & insurance
Home Value Growth+11.0% over 2 years
Young Adults33% of residentswell above average
Homeowners81% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Wedgefield
SC

Frequently Asked Questions

What are today's mortgage rates in Wedgefield?

As of today, the 30-year fixed mortgage rate for Wedgefield is approximately 6.988% (7.027% 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 Wedgefield?

The median home value in Wedgefield is $71k. The median monthly rent is $1,023. Annual property taxes average $470. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wedgefield?

Home values in Wedgefield have increased 11.0% 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 Wedgefield?

Based on a typical all-in ownership cost of $423/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $18k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wedgefield is $45k/year.

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What industries drive the economy in Wedgefield?

The largest employment sectors in Wedgefield are public administration (23%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.