2026 data · 0.55% property tax · Median home $249,100
South Carolina Mortgage Calculator
A median-priced home in South Carolina ($249,100) costs roughly $1,589 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. South Carolina's effective property tax rate is 0.55% — well below the US average of about 1.0%.
South Carolina median-home monthly payment
$1,589/mo
P&I $1,326 · Tax $114 · Insurance $149
@ $249,100 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in South Carolina
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $92 | $120 | $1,276 |
| $249,100 (state median) | $49,820 | $1,326 | $114 | $149 | $1,589 |
| $300,000 | $60,000 | $1,597 | $138 | $180 | $1,914 |
| $400,000 | $80,000 | $2,129 | $183 | $240 | $2,552 |
| $500,000 | $100,000 | $2,661 | $229 | $300 | $3,190 |
| $750,000 | $150,000 | $3,992 | $344 | $450 | $4,786 |
Calculations use South Carolina's 0.55% effective property tax rate, estimated homeowners insurance at 0.72%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
South Carolina property tax
Effective rate
0.55%
Median home value
$249,100
Median property tax
$1,372/yr
South Carolina has very low property tax rates (0.55%) and offers a 4% assessment rate for primary residences (vs. 6% for second homes/rentals) — a major savings. Homestead exemption of $50,000 for residents 65+ or disabled.
See our property tax calculator for a state-by-state property tax breakdown, and our South Carolina paycheck calculator to estimate take-home pay against this monthly housing cost.
South Carolina vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| South Carolina (this page) | 0.55% | $249,100 | $1,372 | |
| North Carolina | 0.73% | $280,000 | $2,050 | North Carolina mortgage → |
| Georgia | 0.83% | $273,400 | $2,250 | Georgia mortgage → |
FAQs about South Carolina mortgages
What is the property tax rate in South Carolina?
South Carolina's effective property tax rate is 0.55%, meaning the average homeowner pays roughly 0.55% of their home's value in property tax annually. On a $249,100 home (the state median), that's about $1,372 per year, or $114 per month added to your mortgage payment.
What is the average monthly mortgage payment in South Carolina?
For a home at South Carolina's median value of $249,100, assuming 20% down, a 30-year fixed mortgage at 7.0%, and South Carolina's 0.55% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,589. This includes $1,326 principal & interest, $114 property tax, and $149 homeowners insurance.
How much income do I need to buy a house in South Carolina?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $68,100 to comfortably afford South Carolina's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $44,344 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is South Carolina a good state to buy a house?
South Carolina's combination of 0.55% property tax (well below the national average of ~1.0%) and median home value of $249,100 make it one of the more affordable states for homeowners. South Carolina has very low property tax rates (0.55%) and offers a 4% assessment rate for primary residences (vs.
How does South Carolina property tax compare to neighboring states?
South Carolina's 0.55% rate compares to: North Carolina at 0.73%, Georgia at 0.83%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does South Carolina have a homestead exemption?
South Carolina has very low property tax rates (0.55%) and offers a 4% assessment rate for primary residences (vs. 6% for second homes/rentals) — a major savings. Homestead exemption of $50,000 for residents 65+ or disabled.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your South Carolina mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,326, Property Tax $114, Homeowners Insurance $149. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.