The typical owner-occupied home in Pawleys Island is worth about $1,694,400, 6.5 times the South Carolina median of $259,000 and 5.1 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.59% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $122,500 a year, so the median home costs 13.8 times the median income (3.7 times for South Carolina). 98% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Pawleys Island at a glance
| Pawleys Island | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $1,694,400 | $259,000 | $332,700 |
| Median property tax paid per year | $10,001 | $1,251 | $3,119 |
| Property tax as a share of value | 0.59% | 0.48% | 0.94% |
| Median household income | $122,500 | $69,324 | $80,734 |
| Homes lived in by their owners | 98% | 72% | 65% |
| Owner homes with a mortgage | 33% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $3,281 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 24.2% | 19.7% | 21.0% |
| Median rent | – | $1,180 | $1,413 |
| Median year homes were built | 1977 | 1992 | 1980 |
| Vacant homes | 83.5% | 13.3% | 10.1% |
| Population | 170 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Pawleys Island
At this week's average 30-year rate of 7.11%, buying the median Pawleys Island home of $1,694,400 with 20% down costs about $10,658 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $13,753, 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 $456,761 for the 20%-down payment. That payment is 104% of the median Pawleys Island household income of $122,500; at that income and 20% down, the 28% guideline points to a home of about $454,000.
| Down payment | $338,880 |
|---|---|
| Loan amount | $1,355,520 |
| Principal and interest | $9,119 |
| Property taxes (0.59% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $706 |
| PMI | $0 |
| Total per month | $10,658 |
Change the numbers in the calculator
| Down payment | $59,304 |
|---|---|
| Loan amount | $1,663,710 |
| Principal and interest | $11,192 |
| Property taxes (0.59% a year) | $833 |
| Homeowners insurance (our estimate, 0.5% a year) | $706 |
| FHA mortgage insurance | $1,022 |
| Total per month | $13,753 |
Change the numbers in the calculator
Questions about home buying in Pawleys Island
What is the median home value in Pawleys Island?
About $1,694,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pawleys Island?
Homeowners pay a median $10,001 a year, which is about 0.59% 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 Pawleys Island?
For the median home with 20% down at 7.11%, the payment is about $10,658 a month. Keeping that under 28% of gross income takes about $456,761 a year.
More about Pawleys Island
- Mortgage Refinance in Pawleys Island
- Debt Relief in Pawleys Island
- Home Equity Loans in Pawleys Island
- 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