Calculate your monthly mortgage payment in South Carolina. Pre-filled with South Carolina's typical home value of $306,300 (Zillow Home Value Index, August 2026) and an effective property tax rate of 0.45% (Census ACS 2024 1-year, median taxes ÷ median home value).
Est. Monthly Payment
$1,878
Principal & Interest
$1,635
Property Tax / mo
$115
Total Interest Paid
$343,631
| Home Price | $306,300 | Typical home value in South Carolina — Zillow Home Value Index, August 2026 |
| Down Payment | 20% ($61,260) | Assumption — no sourced state average |
| Loan Amount | $245,040 | Home price minus down payment |
| Interest Rate | 7.03% | Freddie Mac PMMS national average, week of 2026-09-24 — not a South Carolina rate |
| Loan Term | 30 years | Assumption |
| Property Tax | 0.45% / year | South Carolina effective rate — Census ACS 2024 1-year, median taxes ÷ median home value |
| Home Insurance | 0.5% / year | Assumption — not a sourced premium |
Programs named for South Carolina: SC Housing Palmetto Home Advantage, MCC. This list has no recorded source or date and may be out of date — confirm current programs and eligibility with the South Carolina housing finance agency before you rely on it.
Cost of living: Moderate (index 92.7, MERIC (C2ER index), Second Quarter 2026) · Population: 5,570,274 (Census Bureau estimate, July 1, 2025)
South Carolina has a typical home value of about $306,300 (Zillow Home Value Index, August 2026), below the U.S. typical value of $368,700. With an assumed 20% down payment of $61,260, a buyer would finance $245,040 over 30 years. At the national 7.03% fixed rate, the monthly principal and interest payment comes to $1,635.
The effective property tax rate in South Carolina — median real estate taxes paid divided by median home value — is 0.45% per year (Census ACS 2024 1-year, median taxes ÷ median home value), against 0.89% for the U.S. Combined with an assumed $128 a month for homeowners insurance, the estimated all-in monthly housing cost is about $1,878.
Using the 28% housing cost guideline, you would need a gross annual income of approximately $80,494 to qualify comfortably. The median household income in South Carolina is $72,350 (Census ACS 2024 1-year).
