Mortgage Affordability Calculator for South Carolina (SC) — Free Calculator

Buying a Home in South Carolina: What You Can Afford

The median home value in South Carolina is $290,000. Charleston metro and Hilton Head have become premium national markets with prices up 40-60% since 2019. Greenville and Columbia have grown significantly driven by manufacturing and healthcare investment.

Conforming Loan Limits in South Carolina

The conforming loan limit in South Carolina is $726,200. All South Carolina counties are at the standard conforming limit. Loans above this threshold are considered jumbo loans and typically carry stricter qualification requirements and slightly higher rates.

Property Taxes to Budget For

Beyond your mortgage payment, budget for South Carolina's property taxes: the effective rate is 0.57%, meaning a home at the median value generates about $1,322/year in taxes. This is a real cost that lenders include in your debt-to-income (DTI) calculation.

Closing Costs in South Carolina

Buyers typically pay around $2,900 in closing costs in South Carolina. South Carolina charges a deed recording fee ($1.85/$500 of value) and a mortgage recording fee. Total closing costs are moderate by Southeast standards. Factor this into your upfront cash requirement alongside your down payment.

Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.

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Frequently Asked Questions

What is the median home price in South Carolina?

The median home value in South Carolina is $290,000. Charleston metro and Hilton Head have become premium national markets with prices up 40-60% since 2019. Greenville and Columbia have grown significantly driven by manufacturing and healthcare investment.

What is the conforming loan limit in South Carolina?

The conforming loan limit in most of South Carolina is $726,200. All South Carolina counties are at the standard conforming limit.

How much are property taxes in South Carolina?

South Carolina's effective property tax rate is 0.57%, with an average annual bill of $1,322. Lenders include property taxes in your monthly PITI payment and DTI calculation.

How much do I need for a down payment in South Carolina?

For a home at South Carolina's median value of $290,000, a 20% conventional down payment is $58,000, and a 3.5% FHA down payment is $10,200. Budget an additional $2,900 for closing costs.