Cost of Ownership · South Carolina
The true cost of owning a home in South Carolina
For a median $259,000 home in South Carolina, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.
Lender-approved payment
$1,818/mo
PITI + PMI
True monthly cost
$2,034/mo
everything, incl. upkeep
The gap
+$216/mo
what approval leaves out
Effective property-tax rate
0.48%
Avg. homeowners premium
$1,571/yr
NFIP flood claims on record
49,606
Closing costs in South Carolina
Median closing costs and lender origination charges on real home-purchase loans in South Carolina, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$6,731
Typically $4,497–$10,060
Median origination charges
$3,121
Typically $1,490–$5,261
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $4,497 | $6,731 | $10,060 | 72,371 |
| All | $4,166 | $6,470 | $9,740 | 68,469 |
| < $250k | $4,067 | $5,748 | $8,162 | 25,563 |
| < $250k | $3,746 | $5,437 | $7,739 | 27,319 |
| $250k–$500k | $4,709 | $7,739 | $11,301 | 37,139 |
| $250k–$500k | $4,433 | $7,626 | $11,174 | 33,640 |
| $500k–$750k | $4,630 | $6,869 | $11,712 | 5,350 |
| $500k–$750k | $4,807 | $6,266 | $11,290 | 6,321 |
| > $750k | $5,691 | $7,221 | $11,801 | 3,348 |
| > $750k | $5,595 | $7,266 | $12,049 | 2,160 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in South Carolina
- What are the median closing costs in South Carolina?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in South Carolina are about $6,731, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in South Carolina?
- The effective property-tax rate in South Carolina is about 0.48%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in South Carolina?
- A median $259,000 home in South Carolina costs about $2,034 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $1,818. Every figure is from public data.
These figures use South Carolina's median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how South Carolina ranks on property tax and insurance, or browse every state.