Mortgage on a $250K house in South Carolina
$1,563 a month with 20% down — $1,345 principal and interest plus $93 property tax and $125 insurance.
South Carolina's typical property tax is 0.45% of the home's value a year (U.S. average 0.9%), which adds $93 a month on a $250K home. The typical home in South Carolina is worth $304,319, so $250K is 18% below the typical price.
$250K home in South Carolina: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,000 | $200,000 | $1,345 | $0 | $218 | $1,563 | $67,000 |
| 10% down | $25,000 | $225,000 | $1,514 | $94 | $218 | $1,825 | $78,200 |
| 5% down | $12,500 | $237,500 | $1,598 | $99 | $218 | $1,915 | $82,100 |
| 3.5% down (FHA) | $8,750 | $245,472 | $1,651 | $111 | $218 | $1,980 | $84,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.45% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Where in South Carolina does $250K buy a typical home?
In these counties the typical home value is within 15% of $250K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Colleton County | $251,954 | 0.55% | $1,586 |
| Aiken County | $243,437 | 0.41% | $1,556 |
| Richland County | $241,261 | 0.67% | $1,611 |
| Kershaw County | $259,885 | 0.47% | $1,568 |
| Lexington County | $271,722 | 0.49% | $1,573 |
| Spartanburg County | $274,874 | 0.55% | $1,584 |
| Newberry County | $222,525 | 0.67% | $1,609 |
| Edgefield County | $277,600 | 0.43% | $1,560 |
| Laurens County | $214,803 | 0.41% | $1,556 |
| Anderson County | $287,369 | 0.45% | $1,564 |
27 of 46 South Carolina counties tracked by Zillow have a typical home value at or below $250K. See all South Carolina home prices.
Other prices in South Carolina
Frequently asked questions
What is the mortgage on a $250K house in South Carolina?
About $1,563 a month with 20% down at 7.11%: $1,345 principal and interest, $93 property tax and $125 insurance.
How much do I need to make to buy a $250K house in South Carolina?
About $67,000 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $250K house in South Carolina?
At South Carolina's typical effective rate of 0.45%, about $1,116 a year. Rates vary by county and city — see the county pages.