Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for South Carolina homebuyers.
Pre-filled with South Carolina medians. Adjust for your property.
Estimated closing costs based on South Carolina tax rates and fees.
The median home price in South Carolina is $305,000, with property taxes averaging 0.57% annually. South Carolina's low property tax rate is a major advantage for buyers, keeping monthly costs well below what you'd pay in high-tax states.
Closing costs in South Carolina average $4K (1.3%% of purchase price). The state charges a 0.37% transfer tax on real estate transactions, which modestly adds to closing costs. Homeowners insurance runs approximately $2,600 per year. This is within the normal range nationally.
South Carolina offers the SC Housing Palmetto Home for first-time buyers: Up to $8,000 forgivable. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
South Carolina presents moderate affordability. The $305K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.