The typical owner-occupied home in Port Royal is worth about $347,200, 34% above the South Carolina median of $259,000 and 4% above the national median of $332,700. Owners pay a median $2,010 a year in property taxes, about 0.58% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $74,870 a year, so the median home costs 4.6 times the median income (3.7 times for South Carolina). 38% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Port Royal at a glance
| Port Royal | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $347,200 | $259,000 | $332,700 |
| Median property tax paid per year | $2,010 | $1,251 | $3,119 |
| Property tax as a share of value | 0.58% | 0.48% | 0.94% |
| Median household income | $74,870 | $69,324 | $80,734 |
| Homes lived in by their owners | 38% | 72% | 65% |
| Owner homes with a mortgage | 69% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,834 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 20.7% | 19.7% | 21.0% |
| Median rent | $1,726 | $1,180 | $1,413 |
| Rent as a share of renters' income | 29.1% | 31.1% | 30.6% |
| Median year homes were built | 2008 | 1992 | 1980 |
| Vacant homes | 8.5% | 13.3% | 10.1% |
| Population | 15,579 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Port Royal
At this week's average 30-year rate of 7.11%, buying the median Port Royal home of $347,200 with 20% down costs about $2,181 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,759, 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 $93,471 for the 20%-down payment. That payment is 35% of the median Port Royal household income of $74,870; at that income and 20% down, the 28% guideline points to a home of about $278,000.
The median rent here is $1,726 a month, so owning the median home costs about $455 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,440 |
|---|---|
| Loan amount | $277,760 |
| Principal and interest | $1,869 |
| Property taxes (0.58% a year) | $168 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| PMI | $0 |
| Total per month | $2,181 |
Change the numbers in the calculator
| Down payment | $12,152 |
|---|---|
| Loan amount | $340,911 |
| Principal and interest | $2,293 |
| Property taxes (0.58% a year) | $168 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| FHA mortgage insurance | $154 |
| Total per month | $2,759 |
Change the numbers in the calculator
Questions about home buying in Port Royal
What is the median home value in Port Royal?
About $347,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Port Royal?
Homeowners pay a median $2,010 a year, which is about 0.58% 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 Port Royal?
For the median home with 20% down at 7.11%, the payment is about $2,181 a month. Keeping that under 28% of gross income takes about $93,471 a year.
More about Port Royal
- Mortgage Refinance in Port Royal
- Debt Relief in Port Royal
- Home Equity Loans in Port Royal
- 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