The typical owner-occupied home in Pacolet is worth about $89,600, 65% below the South Carolina median of $259,000 and 73% below the national median of $332,700. Owners pay a median $928 a year in property taxes, about 1.04% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $42,359 a year, so the median home costs 2.1 times the median income (3.7 times for South Carolina). 72% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Pacolet at a glance
| Pacolet | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $89,600 | $259,000 | $332,700 |
| Median property tax paid per year | $928 | $1,251 | $3,119 |
| Property tax as a share of value | 1.04% | 0.48% | 0.94% |
| Median household income | $42,359 | $69,324 | $80,734 |
| Homes lived in by their owners | 72% | 72% | 65% |
| Owner homes with a mortgage | 26% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,048 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 19.7% | 21.0% |
| Median rent | $902 | $1,180 | $1,413 |
| Rent as a share of renters' income | 20.1% | 31.1% | 30.6% |
| Median year homes were built | 1963 | 1992 | 1980 |
| Vacant homes | 17.9% | 13.3% | 10.1% |
| Population | 2,419 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Pacolet
At this week's average 30-year rate of 7.11%, buying the median Pacolet home of $89,600 with 20% down costs about $597 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $746, 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 $25,594 for the 20%-down payment. That payment is 17% of the median Pacolet household income of $42,359; at that income and 20% down, the 28% guideline points to a home of about $148,000.
The median rent here is $902 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,920 |
|---|---|
| Loan amount | $71,680 |
| Principal and interest | $482 |
| Property taxes (1.04% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $597 |
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| Down payment | $3,136 |
|---|---|
| Loan amount | $87,977 |
| Principal and interest | $592 |
| Property taxes (1.04% a year) | $78 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $40 |
| Total per month | $746 |
Change the numbers in the calculator
Questions about home buying in Pacolet
What is the median home value in Pacolet?
About $89,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pacolet?
Homeowners pay a median $928 a year, which is about 1.04% 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 Pacolet?
For the median home with 20% down at 7.11%, the payment is about $597 a month. Keeping that under 28% of gross income takes about $25,594 a year.
More about Pacolet
- Mortgage Refinance in Pacolet
- Debt Relief in Pacolet
- Home Equity Loans in Pacolet
- 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