The typical owner-occupied home in Ulmer is worth about $161,800, 38% below the South Carolina median of $259,000 and 51% below the national median of $332,700. The median household earns $90,192 a year, so the median home costs 1.8 times the median income (3.7 times for South Carolina). 80% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Ulmer at a glance
| Ulmer | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $161,800 | $259,000 | $332,700 |
| Median property tax paid per year | – | $1,251 | $3,119 |
| Median household income | $90,192 | $69,324 | $80,734 |
| Homes lived in by their owners | 80% | 72% | 65% |
| Owner homes with a mortgage | 35% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,054 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 19.7% | 21.0% |
| Median rent | $1,656 | $1,180 | $1,413 |
| Rent as a share of renters' income | 32.8% | 31.1% | 30.6% |
| Median year homes were built | 1960 | 1992 | 1980 |
| Vacant homes | 31.0% | 13.3% | 10.1% |
| Population | 190 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Ulmer
At this week's average 30-year rate of 7.11%, buying the median Ulmer home of $161,800 with 20% down costs about $1,086 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,356, 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 $46,563 for the 20%-down payment. That payment is 14% of the median Ulmer household income of $90,192; at that income and 20% down, the 28% guideline points to a home of about $313,000.
The median rent here is $1,656 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $32,360 |
|---|---|
| Loan amount | $129,440 |
| Principal and interest | $871 |
| Property taxes (1.10% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| PMI | $0 |
| Total per month | $1,086 |
Change the numbers in the calculator
| Down payment | $5,663 |
|---|---|
| Loan amount | $158,869 |
| Principal and interest | $1,069 |
| Property taxes (1.10% a year) | $148 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| FHA mortgage insurance | $72 |
| Total per month | $1,356 |
Change the numbers in the calculator
Questions about home buying in Ulmer
What is the median home value in Ulmer?
About $161,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Ulmer?
For the median home with 20% down at 7.11%, the payment is about $1,086 a month. Keeping that under 28% of gross income takes about $46,563 a year.
More about Ulmer
- Mortgage Refinance in Ulmer
- Debt Relief in Ulmer
- Home Equity Loans in Ulmer
- 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