CALCMONEY // MORTGAGE // SC // CHARLESTON
Calculate your monthly mortgage payment using Charleston-specific property tax rates and local market data.
$520,000
6.9%
0.5%
113
| Principal & Interest | $2,740 |
| Property Tax | $217 |
| Homeowners Insurance (est.) | $173 |
| Total Monthly Payment (PITI) | $3,130 |
$104,000
$570,320
$134,133/yr
The median home price in Charleston is $520,000, above the national median of $420,000. With a median household income of $78,000, the price-to-income ratio is 6.7x — meaning buyers typically spend 6.7 years of gross income on the purchase price.
Property taxes in Charleston run 0.5% of assessed value. On the median home, that is $2,600 per year, or $217 per month added to your mortgage payment. This is well below the national average of 1.1%, giving Charleston homeowners a meaningful property tax advantage.
South Carolina has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Charleston is 113 (national average = 100). Expect to pay more for groceries, transportation, and services in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $416,000 loan saves $18,720 in interest over 30 years.
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