The typical owner-occupied home in Lancaster County is worth about $329,900, 27% above the South Carolina median of $259,000 and about the same as the national median of $332,700. Owners pay a median $1,657 a year in property taxes, about 0.50% of their home's value, close to the South Carolina rate of 0.48%. The median household earns $78,869 a year, so the median home costs 4.2 times the median income (3.7 times for South Carolina). 83% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Lancaster County at a glance
| Lancaster County | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $329,900 | $259,000 | $332,700 |
| Median property tax paid per year | $1,657 | $1,251 | $3,119 |
| Property tax as a share of value | 0.50% | 0.48% | 0.94% |
| Median household income | $78,869 | $69,324 | $80,734 |
| Homes lived in by their owners | 83% | 72% | 65% |
| Owner homes with a mortgage | 59% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,684 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 19.7% | 21.0% |
| Median rent | $959 | $1,180 | $1,413 |
| Rent as a share of renters' income | 32.9% | 31.1% | 30.6% |
| Median year homes were built | 2000 | 1992 | 1980 |
| Vacant homes | 8.5% | 13.3% | 10.1% |
| Population | 104,475 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Lancaster County
At this week's average 30-year rate of 7.11%, buying the median Lancaster County home of $329,900 with 20% down costs about $2,050 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,600, 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 $87,871 for the 20%-down payment. That payment is 31% of the median Lancaster County household income of $78,869; at that income and 20% down, the 28% guideline points to a home of about $296,000.
The median rent here is $959 a month, so owning the median home costs about $1,091 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $65,980 |
|---|---|
| Loan amount | $263,920 |
| Principal and interest | $1,775 |
| Property taxes (0.50% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $137 |
| PMI | $0 |
| Total per month | $2,050 |
Change the numbers in the calculator
| Down payment | $11,546 |
|---|---|
| Loan amount | $323,925 |
| Principal and interest | $2,179 |
| Property taxes (0.50% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $137 |
| FHA mortgage insurance | $146 |
| Total per month | $2,600 |
Change the numbers in the calculator
Questions about home buying in Lancaster County
What is the median home value in Lancaster County?
About $329,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lancaster County?
Homeowners pay a median $1,657 a year, which is about 0.50% 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 Lancaster County?
For the median home with 20% down at 7.11%, the payment is about $2,050 a month. Keeping that under 28% of gross income takes about $87,871 a year.
More about Lancaster County
- Mortgage Refinance in Lancaster County
- Debt Relief in Lancaster County
- Home Equity Loans in Lancaster 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