Estimate your monthly payment using South Carolina's average home price of $300,000 and property tax rate of 0.57%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
South Carolina's housing market in 2026 has a median home price of approximately $300,000, placing it below the national median of around $420,000. Charleston is one of the fastest-growing cities in the Southeast with demand from retirees remote workers and tourism industry growth. Whether you're buying your first home in Charleston or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in South Carolina average 0.57% of assessed value annually — among the lowest property tax rates in the nation. On a $300,000 home, that translates to roughly $142 per month added to your mortgage payment. Charleston, Columbia, and Greenville all fall under South Carolina's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
SC Housing Homebuyer Program provides down payment assistance and a tax credit worth up to $2,000 annually. Beyond state programs, FHA loans remain popular in South Carolina requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
South Carolina offers a 4% property tax rate for owner-occupied primary residences versus 6% for investment and vacation properties. When shopping for a mortgage in South Carolina, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $300,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average South Carolina home of $300,000 puts your estimated total monthly cost at approximately $1,832 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in South Carolina is approximately $300,000 as of 2026. Prices vary significantly by city and county — Charleston tends to be pricier while more rural areas offer lower prices.
South Carolina has among the lowest property tax rates in the nation at 0.57% of assessed value. On a $300,000 home that adds about $142 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
SC Housing Homebuyer Program provides down payment assistance and a tax credit worth up to $2,000 annually. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.