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Lancaster County Housing Market

South Carolina · 46 counties · Ranked #2645 in home value

Above National Avg

Housing at a Glance

Median Home Value

$298,100

vs national+$298,100 vs $281,900 national

Median Gross Rent

$892/mo

vs national$892 vs $1,163 national

Effective Tax Rate

0.50%

vs national0.50% vs 1.02% national

Median Household Income

$74,751

vs national$74,751 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,487

Tax as % of Home Value

0.50%

Monthly Owner Cost

$1,012

Renter Income

$35,936

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Mortgage

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Home Search

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Similar Counties by Home Value

Capitol Planning Region

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Frequently Asked Questions

What is the median home value in Lancaster County?

The median home value in Lancaster County is $298,100. This is above the national median of $281,900.

How much is rent in Lancaster County?

The median gross rent in Lancaster County is $892 per month.

What is the property tax rate in Lancaster County?

The effective property tax rate in Lancaster County is 0.50%. The median annual property tax bill is $1,487.

Is Lancaster County affordable?

With a home-value-to-income ratio of 4x, Lancaster County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.