Mortgage payment estimates, closing cost breakdowns, and homebuying data for Columbia, South Carolina.
Pre-filled with Columbia median home price and South Carolina tax/insurance rates. Adjust for your property.
Estimated closing costs based on South Carolina rates and fees applied to Columbia prices.
The median home price in Columbia is $225,000, 26% below the South Carolina state median of $305,000. With a population of 136,632, Columbia is a mid-size city where home prices tend to be more accessible than in many parts of South Carolina.
Property taxes in South Carolina average 0.57% annually. This low property tax rate is a significant advantage for Columbia buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in South Carolina runs approximately $2,600 per year. This is within the normal range nationally.
Average rent in Columbia is $1,180/month. The price-to-rent ratio in Columbia is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Columbia offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with South Carolina's SC Housing Palmetto Home program.