The typical owner-occupied home in Gifford is worth about $94,700, 63% below the South Carolina median of $259,000 and 72% below the national median of $332,700. Owners pay a median $380 a year in property taxes, about 0.40% of their home's value, lower than the South Carolina rate of 0.48%. The median household earns $31,389 a year, so the median home costs 3.0 times the median income (3.7 times for South Carolina). 70% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
Gifford at a glance
| Gifford | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $94,700 | $259,000 | $332,700 |
| Median property tax paid per year | $380 | $1,251 | $3,119 |
| Property tax as a share of value | 0.40% | 0.48% | 0.94% |
| Median household income | $31,389 | $69,324 | $80,734 |
| Homes lived in by their owners | 70% | 72% | 65% |
| Owner homes with a mortgage | 22% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $879 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 19.7% | 21.0% |
| Median rent | – | $1,180 | $1,413 |
| Median year homes were built | 1983 | 1992 | 1980 |
| Vacant homes | 16.3% | 13.3% | 10.1% |
| Population | 268 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Gifford
At this week's average 30-year rate of 7.11%, buying the median Gifford home of $94,700 with 20% down costs about $581 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $738, 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 $24,886 for the 20%-down payment. That payment is 22% of the median Gifford household income of $31,389; at that income and 20% down, the 28% guideline points to a home of about $119,000.
| Down payment | $18,940 |
|---|---|
| Loan amount | $75,760 |
| Principal and interest | $510 |
| Property taxes (0.40% a year) | $32 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $581 |
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| Down payment | $3,314 |
|---|---|
| Loan amount | $92,985 |
| Principal and interest | $626 |
| Property taxes (0.40% a year) | $32 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $42 |
| Total per month | $738 |
Change the numbers in the calculator
Questions about home buying in Gifford
What is the median home value in Gifford?
About $94,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gifford?
Homeowners pay a median $380 a year, which is about 0.40% 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 Gifford?
For the median home with 20% down at 7.11%, the payment is about $581 a month. Keeping that under 28% of gross income takes about $24,886 a year.
More about Gifford
- Mortgage Refinance in Gifford
- Debt Relief in Gifford
- Home Equity Loans in Gifford
- 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