The typical owner-occupied home in Ruby is worth about $114,400, 56% below the South Carolina median of $259,000 and 66% below the national median of $332,700. Owners pay a median $467 a year in property taxes, about 0.41% of their home's value, lower than the South Carolina rate of 0.48%. The median household earns $75,313 a year, so the median home costs 1.5 times the median income (3.7 times for South Carolina). 86% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Ruby at a glance
| Ruby | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $114,400 | $259,000 | $332,700 |
| Median property tax paid per year | $467 | $1,251 | $3,119 |
| Property tax as a share of value | 0.41% | 0.48% | 0.94% |
| Median household income | $75,313 | $69,324 | $80,734 |
| Homes lived in by their owners | 86% | 72% | 65% |
| Owner homes with a mortgage | 34% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $930 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 19.7% | 21.0% |
| Median rent | $763 | $1,180 | $1,413 |
| Rent as a share of renters' income | 14.7% | 31.1% | 30.6% |
| Median year homes were built | 1974 | 1992 | 1980 |
| Vacant homes | 25.8% | 13.3% | 10.1% |
| Population | 244 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Ruby
At this week's average 30-year rate of 7.11%, buying the median Ruby home of $114,400 with 20% down costs about $702 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $893, 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 $30,103 for the 20%-down payment. That payment is 11% of the median Ruby household income of $75,313; at that income and 20% down, the 28% guideline points to a home of about $286,000.
The median rent here is $763 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,880 |
|---|---|
| Loan amount | $91,520 |
| Principal and interest | $616 |
| Property taxes (0.41% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $702 |
Change the numbers in the calculator
| Down payment | $4,004 |
|---|---|
| Loan amount | $112,328 |
| Principal and interest | $756 |
| Property taxes (0.41% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $893 |
Change the numbers in the calculator
Questions about home buying in Ruby
What is the median home value in Ruby?
About $114,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ruby?
Homeowners pay a median $467 a year, which is about 0.41% 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 Ruby?
For the median home with 20% down at 7.11%, the payment is about $702 a month. Keeping that under 28% of gross income takes about $30,103 a year.
More about Ruby
- Mortgage Refinance in Ruby
- Debt Relief in Ruby
- Home Equity Loans in Ruby
- 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