South Carolina Mortgage Rates & Home Prices (2026)
Median price: $290,000 · Avg. rate: 6.86%
South Carolina Market Overview
$290,000
Median Home Price
6.86%
Avg. 30-Yr Rate
0.57%
Property Tax Rate
71.4%
Homeownership Rate
South Carolina offers affordable housing with one of the lowest property tax rates in the country. Charleston and Greenville have seen rapid appreciation. SC Housing provides up to $8,000 in forgivable DPA and a mortgage tax credit worth up to $2,000/year.
Estimated Monthly Payment
Median home in South Carolina (20% down, 30-yr fixed)
$1,780/mo
Principal & Interest$1,522
Property Taxes$138
Home Insurance (est.)$121
Total Monthly (PITI)$1,780
Based on a $290,000 home with 20% down ($232,000 loan) at 6.86%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in South Carolina
- SC Housing Palmetto Home Advantage
- SC Housing Forgivable DPA
- SC Housing Mortgage Tax Credit
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: SC Rates
30-Year Fixed6.86%
15-Year Fixed6.09%
5/1 ARM (est.)6.11%
FHA 30-Year6.71%
VA 30-Year6.61%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: SC
FHA Loan Limit$472,030
Median Income$59,318
Cost Index0.90x