The typical owner-occupied home in Fort Mill is worth about $487,500, 88% above the South Carolina median of $259,000 and 47% above the national median of $332,700. Owners pay a median $3,385 a year in property taxes, about 0.69% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $121,823 a year, so the median home costs 4.0 times the median income (3.7 times for South Carolina). 83% of occupied homes here are lived in by their owners, and 75% of those owners still have a mortgage.
Fort Mill at a glance
| Fort Mill | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $487,500 | $259,000 | $332,700 |
| Median property tax paid per year | $3,385 | $1,251 | $3,119 |
| Property tax as a share of value | 0.69% | 0.48% | 0.94% |
| Median household income | $121,823 | $69,324 | $80,734 |
| Homes lived in by their owners | 83% | 72% | 65% |
| Owner homes with a mortgage | 75% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $2,201 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 19.7% | 21.0% |
| Median rent | $1,503 | $1,180 | $1,413 |
| Rent as a share of renters' income | 32.0% | 31.1% | 30.6% |
| Median year homes were built | 2011 | 1992 | 1980 |
| Vacant homes | 2.8% | 13.3% | 10.1% |
| Population | 30,775 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Fort Mill
At this week's average 30-year rate of 7.11%, buying the median Fort Mill home of $487,500 with 20% down costs about $3,107 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,919, 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 $133,157 for the 20%-down payment. That payment is 31% of the median Fort Mill household income of $121,823; at that income and 20% down, the 28% guideline points to a home of about $446,000.
The median rent here is $1,503 a month, so owning the median home costs about $1,604 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $97,500 |
|---|---|
| Loan amount | $390,000 |
| Principal and interest | $2,624 |
| Property taxes (0.69% a year) | $280 |
| Homeowners insurance (our estimate, 0.5% a year) | $203 |
| PMI | $0 |
| Total per month | $3,107 |
Change the numbers in the calculator
| Down payment | $17,062 |
|---|---|
| Loan amount | $478,670 |
| Principal and interest | $3,220 |
| Property taxes (0.69% a year) | $280 |
| Homeowners insurance (our estimate, 0.5% a year) | $203 |
| FHA mortgage insurance | $216 |
| Total per month | $3,919 |
Change the numbers in the calculator
Questions about home buying in Fort Mill
What is the median home value in Fort Mill?
About $487,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fort Mill?
Homeowners pay a median $3,385 a year, which is about 0.69% 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 Fort Mill?
For the median home with 20% down at 7.11%, the payment is about $3,107 a month. Keeping that under 28% of gross income takes about $133,157 a year.
More about Fort Mill
- Mortgage Refinance in Fort Mill
- Debt Relief in Fort Mill
- Home Equity Loans in Fort Mill
- 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