The typical owner-occupied home in Luray is worth about $158,600, 39% below the South Carolina median of $259,000 and 52% below the national median of $332,700. Owners pay a median $547 a year in property taxes, about 0.34% of their home's value, lower than the South Carolina rate of 0.48%. 87% of occupied homes here are lived in by their owners, and 21% of those owners still have a mortgage.
Luray at a glance
| Luray | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $158,600 | $259,000 | $332,700 |
| Median property tax paid per year | $547 | $1,251 | $3,119 |
| Property tax as a share of value | 0.34% | 0.48% | 0.94% |
| Median household income | – | $69,324 | $80,734 |
| Homes lived in by their owners | 87% | 72% | 65% |
| Owner homes with a mortgage | 21% | 57% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,529 | $1,963 |
| Median rent | – | $1,180 | $1,413 |
| Median year homes were built | 1994 | 1992 | 1980 |
| Vacant homes | 18.4% | 13.3% | 10.1% |
| Population | 311 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Luray
At this week's average 30-year rate of 7.11%, buying the median Luray home of $158,600 with 20% down costs about $965 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,229, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $41,338 for the 20%-down payment.
| Down payment | $31,720 |
|---|---|
| Loan amount | $126,880 |
| Principal and interest | $854 |
| Property taxes (0.34% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| PMI | $0 |
| Total per month | $965 |
Change the numbers in the calculator
| Down payment | $5,551 |
|---|---|
| Loan amount | $155,727 |
| Principal and interest | $1,048 |
| Property taxes (0.34% a year) | $45 |
| Homeowners insurance (our estimate, 0.5% a year) | $66 |
| FHA mortgage insurance | $70 |
| Total per month | $1,229 |
Change the numbers in the calculator
Questions about home buying in Luray
What is the median home value in Luray?
About $158,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Luray?
Homeowners pay a median $547 a year, which is about 0.34% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Luray?
For the median home with 20% down at 7.11%, the payment is about $965 a month. Keeping that under 28% of gross income takes about $41,338 a year.
More about Luray
- Mortgage Refinance in Luray
- Debt Relief in Luray
- Home Equity Loans in Luray
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data