Mortgage payment estimates, closing cost breakdowns, and homebuying data for Hilton Head Island, South Carolina.
Pre-filled with Hilton Head Island 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 Hilton Head Island prices.
The median home price in Hilton Head Island is $575,000, 89% above the South Carolina state median of $305,000. With a population of 40,512, Hilton Head Island is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in South Carolina average 0.57% annually. This low property tax rate is a significant advantage for Hilton Head Island 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 Hilton Head Island is $2,050/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Hilton Head Island is a higher-cost market. At $575K median, buyers need significant savings or strong income. Down payment assistance through South Carolina's SC Housing Palmetto Home program becomes especially important.