Stacker Studio

Counties with the lowest home prices in South Carolina

Written by:
June 8, 2021
Arina P Habich // Shutterstock

This story originally appeared on Stacker and was produced and distributed in partnership with Stacker Studio.

Counties with the lowest home prices in South Carolina

The real estate market is booming right now thanks to low interest rates, a flood of millennial buyers, and shrinking inventory. The median cost of a home has increased 20% year over year, hitting $347,500, according to a report released in April 2020 by real estate listing website Redfin. These high asking costs—while good for sellers—are pricing many buyers out of the market entirely.

But all things are not equal when it comes to real estate in the United States.

Credible used 2021 data calculated by the National Association of REALTORS to compile a list of counties with the lowest median home values and monthly mortgage payments in South Carolina. Counties were ranked by the monthly mortgage payment for a typical home in 2020, from lowest to highest. Ties were broken by median home values in 2020.

The National Association of REALTORS calculated the fourth quarter 2020 median home values by applying the Federal Housing Finance Agency's House Price Index growth to 2019 housing and population data from the American Community Survey and determining an estimate of 2020 median home values for all counties where data is available. The monthly mortgage payments for fourth quarter 2019 and fourth quarter 2020 were calculated for a 30-year fixed-rate mortgage with a 10% down payment.

Keep reading to discover which county in South Carolina has the lowest home prices.

#30. Aiken County

- Monthly mortgage payment in 2020: $604 (12.0% less than 2019)
- Monthly mortgage payment in 2019: $686
- Median home value in 2020: $163,200
- Ranked #1,961 out of 3,120 counties nationwide

#29. Kershaw County

- Monthly mortgage payment in 2020: $570 (9.5% less than 2019)
- Monthly mortgage payment in 2019: $630
- Median home value in 2020: $153,900
- Ranked #1,832 out of 3,120 counties nationwide

#28. Florence County

- Monthly mortgage payment in 2020: $527 (14.7% less than 2019)
- Monthly mortgage payment in 2019: $618
- Median home value in 2020: $142,300
- Ranked #1,644 out of 3,120 counties nationwide

#27. Sumter County

- Monthly mortgage payment in 2020: $524 (12.9% greater than 2019)
- Monthly mortgage payment in 2019: $464
- Median home value in 2020: $141,600
- Ranked #1,635 out of 3,120 counties nationwide

#26. Edgefield County

- Monthly mortgage payment in 2020: $502 (11.0% less than 2019)
- Monthly mortgage payment in 2019: $564
- Median home value in 2020: $135,600
- Ranked #1,535 out of 3,120 counties nationwide

#25. Greenwood County

- Monthly mortgage payment in 2020: $474 (3.5% less than 2019)
- Monthly mortgage payment in 2019: $491
- Median home value in 2020: $128,000
- Ranked #1,389 out of 3,120 counties nationwide

#24. Laurens County

- Monthly mortgage payment in 2020: $455 (5.8% greater than 2019)
- Monthly mortgage payment in 2019: $430
- Median home value in 2020: $122,800
- Ranked #1,279 out of 3,120 counties nationwide

#23. McCormick County

- Monthly mortgage payment in 2020: $454 (12.5% less than 2019)
- Monthly mortgage payment in 2019: $519
- Median home value in 2020: $122,500
- Ranked #1,265 out of 3,120 counties nationwide

#22. Darlington County

- Monthly mortgage payment in 2020: $453 (3.4% less than 2019)
- Monthly mortgage payment in 2019: $469
- Median home value in 2020: $122,300
- Ranked #1,259 out of 3,120 counties nationwide

#21. Newberry County

- Monthly mortgage payment in 2020: $453 (2.7% greater than 2019)
- Monthly mortgage payment in 2019: $441
- Median home value in 2020: $122,300
- Ranked #1,260 out of 3,120 counties nationwide

#20. Saluda County

- Monthly mortgage payment in 2020: $422 (10.4% less than 2019)
- Monthly mortgage payment in 2019: $471
- Median home value in 2020: $113,800
- Ranked #1,058 out of 3,120 counties nationwide

#19. Calhoun County

- Monthly mortgage payment in 2020: $416 (8.6% less than 2019)
- Monthly mortgage payment in 2019: $455
- Median home value in 2020: $112,400
- Ranked #1,029 out of 3,120 counties nationwide

#18. Fairfield County

- Monthly mortgage payment in 2020: $400 (10.9% less than 2019)
- Monthly mortgage payment in 2019: $449
- Median home value in 2020: $108,000
- Ranked #913 out of 3,120 counties nationwide

#17. Clarendon County

- Monthly mortgage payment in 2020: $397 (4.1% less than 2019)
- Monthly mortgage payment in 2019: $414
- Median home value in 2020: $107,300
- Ranked #891 out of 3,120 counties nationwide

#16. Cherokee County

- Monthly mortgage payment in 2020: $395 (6.0% less than 2019)
- Monthly mortgage payment in 2019: $420
- Median home value in 2020: $106,700
- Ranked #875 out of 3,120 counties nationwide

#15. Chester County

- Monthly mortgage payment in 2020: $379 (4.8% less than 2019)
- Monthly mortgage payment in 2019: $398
- Median home value in 2020: $102,300
- Ranked #758 out of 3,120 counties nationwide

#14. Abbeville County

- Monthly mortgage payment in 2020: $354 (9.7% less than 2019)
- Monthly mortgage payment in 2019: $392
- Median home value in 2020: $95,500
- Ranked #609 out of 3,120 counties nationwide

#13. Colleton County

- Monthly mortgage payment in 2020: $352 (6.1% less than 2019)
- Monthly mortgage payment in 2019: $375
- Median home value in 2020: $95,100
- Ranked #598 out of 3,120 counties nationwide

#12. Orangeburg County

- Monthly mortgage payment in 2020: $345 (21.4% less than 2019)
- Monthly mortgage payment in 2019: $439
- Median home value in 2020: $93,200
- Ranked #545 out of 3,120 counties nationwide

#11. Barnwell County

- Monthly mortgage payment in 2020: $319 (9.4% less than 2019)
- Monthly mortgage payment in 2019: $352
- Median home value in 2020: $86,100
- Ranked #357 out of 3,120 counties nationwide

#10. Chesterfield County

- Monthly mortgage payment in 2020: $317 (12.7% less than 2019)
- Monthly mortgage payment in 2019: $363
- Median home value in 2020: $85,700
- Ranked #344 out of 3,120 counties nationwide

#9. Union County

- Monthly mortgage payment in 2020: $312 (8.5% less than 2019)
- Monthly mortgage payment in 2019: $341
- Median home value in 2020: $84,100
- Ranked #301 out of 3,120 counties nationwide

#8. Dillon County

- Monthly mortgage payment in 2020: $309 (3.7% less than 2019)
- Monthly mortgage payment in 2019: $321
- Median home value in 2020: $83,400
- Ranked #288 out of 3,120 counties nationwide

#7. Lee County

- Monthly mortgage payment in 2020: $307 (5.0% less than 2019)
- Monthly mortgage payment in 2019: $323
- Median home value in 2020: $82,900
- Ranked #280 out of 3,120 counties nationwide

#6. Marion County

- Monthly mortgage payment in 2020: $299 (11.5% less than 2019)
- Monthly mortgage payment in 2019: $338
- Median home value in 2020: $80,700
- Ranked #240 out of 3,120 counties nationwide

#5. Bamberg County

- Monthly mortgage payment in 2020: $294 (6.7% less than 2019)
- Monthly mortgage payment in 2019: $315
- Median home value in 2020: $79,300
- Ranked #208 out of 3,120 counties nationwide

#4. Hampton County

- Monthly mortgage payment in 2020: $282 (12.4% less than 2019)
- Monthly mortgage payment in 2019: $322
- Median home value in 2020: $76,000
- Ranked #159 out of 3,120 counties nationwide

#3. Williamsburg County

- Monthly mortgage payment in 2020: $266 (9.5% less than 2019)
- Monthly mortgage payment in 2019: $294
- Median home value in 2020: $71,800
- Ranked #114 out of 3,120 counties nationwide

#2. Marlboro County

- Monthly mortgage payment in 2020: $263 (6.7% less than 2019)
- Monthly mortgage payment in 2019: $282
- Median home value in 2020: $71,000
- Ranked #107 out of 3,120 counties nationwide

#1. Allendale County

- Monthly mortgage payment in 2020: $192 (16.5% less than 2019)
- Monthly mortgage payment in 2019: $230
- Median home value in 2020: $51,700
- Ranked #13 out of 3,120 counties nationwide

Trending Now