The typical owner-occupied home in Hamer is worth about $163,000, 37% below the South Carolina median of $259,000 and 51% below the national median of $332,700. Owners pay a median $447 a year in property taxes, about 0.27% of their home's value, lower than the South Carolina rate of 0.48%. The median household earns $64,300 a year, so the median home costs 2.5 times the median income (3.7 times for South Carolina). 67% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Hamer at a glance
| Hamer | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $163,000 | $259,000 | $332,700 |
| Median property tax paid per year | $447 | $1,251 | $3,119 |
| Property tax as a share of value | 0.27% | 0.48% | 0.94% |
| Median household income | $64,300 | $69,324 | $80,734 |
| Homes lived in by their owners | 67% | 72% | 65% |
| Owner homes with a mortgage | 60% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,956 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 19.7% | 21.0% |
| Median rent | $904 | $1,180 | $1,413 |
| Rent as a share of renters' income | 13.9% | 31.1% | 30.6% |
| Median year homes were built | 2006 | 1992 | 1980 |
| Vacant homes | 8.4% | 13.3% | 10.1% |
| Population | 1,042 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Hamer
At this week's average 30-year rate of 7.11%, buying the median Hamer home of $163,000 with 20% down costs about $982 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,253, 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 $42,077 for the 20%-down payment. That payment is 18% of the median Hamer household income of $64,300; at that income and 20% down, the 28% guideline points to a home of about $249,000.
The median rent here is $904 a month, so owning the median home costs about $78 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,600 |
|---|---|
| Loan amount | $130,400 |
| Principal and interest | $877 |
| Property taxes (0.27% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| PMI | $0 |
| Total per month | $982 |
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| Down payment | $5,705 |
|---|---|
| Loan amount | $160,048 |
| Principal and interest | $1,077 |
| Property taxes (0.27% a year) | $37 |
| Homeowners insurance (our estimate, 0.5% a year) | $68 |
| FHA mortgage insurance | $72 |
| Total per month | $1,253 |
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Questions about home buying in Hamer
What is the median home value in Hamer?
About $163,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hamer?
Homeowners pay a median $447 a year, which is about 0.27% 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 Hamer?
For the median home with 20% down at 7.11%, the payment is about $982 a month. Keeping that under 28% of gross income takes about $42,077 a year.
More about Hamer
- Mortgage Refinance in Hamer
- Debt Relief in Hamer
- Home Equity Loans in Hamer
- 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