About the South Carolina housing market
South Carolina's housing market is well below the national average, with a median home price around $305,000. Charleston is the largest metro, with Columbia a close second. South Carolina has below-average property taxes and a primary-residence exemption that further reduces bills; Charleston's tourism-driven economy has lifted coastal prices. South Carolina's effective property tax rate of 0.57% is below the national average.
The median South Carolina home costs $305,000. At today's average 30-year fixed rate (6.7%) with 20% down, principal & interest works out to roughly $1,574, and the total monthly payment including taxes, insurance, and average HOA comes to approximately $2,021. First-time buyers in South Carolina can explore programs through SC HFA.
