The typical owner-occupied home in Edgefield is worth about $122,500, 53% below the South Carolina median of $259,000 and 63% below the national median of $332,700. Owners pay a median $794 a year in property taxes, about 0.65% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $39,688 a year, so the median home costs 3.1 times the median income (3.7 times for South Carolina). 51% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Edgefield at a glance
| Edgefield | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $122,500 | $259,000 | $332,700 |
| Median property tax paid per year | $794 | $1,251 | $3,119 |
| Property tax as a share of value | 0.65% | 0.48% | 0.94% |
| Median household income | $39,688 | $69,324 | $80,734 |
| Homes lived in by their owners | 51% | 72% | 65% |
| Owner homes with a mortgage | 60% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,151 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 19.7% | 21.0% |
| Median rent | $731 | $1,180 | $1,413 |
| Rent as a share of renters' income | 51.0% | 31.1% | 30.6% |
| Median year homes were built | 1966 | 1992 | 1980 |
| Vacant homes | 16.2% | 13.3% | 10.1% |
| Population | 4,010 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Edgefield
At this week's average 30-year rate of 7.11%, buying the median Edgefield home of $122,500 with 20% down costs about $777 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $981, 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 $33,285 for the 20%-down payment. That payment is 23% of the median Edgefield household income of $39,688; at that income and 20% down, the 28% guideline points to a home of about $146,000.
The median rent here is $731 a month, so owning the median home costs about $46 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,500 |
|---|---|
| Loan amount | $98,000 |
| Principal and interest | $659 |
| Property taxes (0.65% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $777 |
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| Down payment | $4,288 |
|---|---|
| Loan amount | $120,281 |
| Principal and interest | $809 |
| Property taxes (0.65% a year) | $66 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $981 |
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Questions about home buying in Edgefield
What is the median home value in Edgefield?
About $122,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Edgefield?
Homeowners pay a median $794 a year, which is about 0.65% 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 Edgefield?
For the median home with 20% down at 7.11%, the payment is about $777 a month. Keeping that under 28% of gross income takes about $33,285 a year.
More about Edgefield
- Mortgage Refinance in Edgefield
- Debt Relief in Edgefield
- Home Equity Loans in Edgefield
- 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