The typical owner-occupied home in Fairfield County is worth about $151,200, 42% below the South Carolina median of $259,000 and 55% below the national median of $332,700. Owners pay a median $776 a year in property taxes, about 0.51% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $47,885 a year, so the median home costs 3.2 times the median income (3.7 times for South Carolina). 75% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Fairfield County at a glance
| Fairfield County | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $151,200 | $259,000 | $332,700 |
| Median property tax paid per year | $776 | $1,251 | $3,119 |
| Property tax as a share of value | 0.51% | 0.48% | 0.94% |
| Median household income | $47,885 | $69,324 | $80,734 |
| Homes lived in by their owners | 75% | 72% | 65% |
| Owner homes with a mortgage | 42% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,393 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 21.6% | 19.7% | 21.0% |
| Median rent | $938 | $1,180 | $1,413 |
| Rent as a share of renters' income | 33.4% | 31.1% | 30.6% |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 18.8% | 13.3% | 10.1% |
| Population | 20,550 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Fairfield County
At this week's average 30-year rate of 7.11%, buying the median Fairfield County home of $151,200 with 20% down costs about $941 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,193, 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 $40,327 for the 20%-down payment. That payment is 24% of the median Fairfield County household income of $47,885; at that income and 20% down, the 28% guideline points to a home of about $180,000.
The median rent here is $938 a month, so owning the median home costs about $3 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,240 |
|---|---|
| Loan amount | $120,960 |
| Principal and interest | $814 |
| Property taxes (0.51% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| PMI | $0 |
| Total per month | $941 |
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| Down payment | $5,292 |
|---|---|
| Loan amount | $148,461 |
| Principal and interest | $999 |
| Property taxes (0.51% a year) | $64 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| FHA mortgage insurance | $67 |
| Total per month | $1,193 |
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Questions about home buying in Fairfield County
What is the median home value in Fairfield County?
About $151,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fairfield County?
Homeowners pay a median $776 a year, which is about 0.51% 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 Fairfield County?
For the median home with 20% down at 7.11%, the payment is about $941 a month. Keeping that under 28% of gross income takes about $40,327 a year.
More about Fairfield County
- Mortgage Refinance in Fairfield County
- Debt Relief in Fairfield County
- Home Equity Loans in Fairfield County
- 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