The typical owner-occupied home in Elliott is worth about $88,500, 66% below the South Carolina median of $259,000 and 73% below the national median of $332,700. Owners pay a median $432 a year in property taxes, about 0.49% of their home's value, close to the South Carolina rate of 0.48%. The median household earns $60,167 a year, so the median home costs 1.5 times the median income (3.7 times for South Carolina). 79% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Elliott at a glance
| Elliott | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $88,500 | $259,000 | $332,700 |
| Median property tax paid per year | $432 | $1,251 | $3,119 |
| Property tax as a share of value | 0.49% | 0.48% | 0.94% |
| Median household income | $60,167 | $69,324 | $80,734 |
| Homes lived in by their owners | 79% | 72% | 65% |
| Owner homes with a mortgage | 15% | 57% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 35.3% | 19.7% | 21.0% |
| Median rent | – | $1,180 | $1,413 |
| Median year homes were built | 1983 | 1992 | 1980 |
| Vacant homes | 24.3% | 13.3% | 10.1% |
| Population | 230 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Elliott
At this week's average 30-year rate of 7.11%, buying the median Elliott home of $88,500 with 20% down costs about $549 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $697, 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 $23,541 for the 20%-down payment. That payment is 11% of the median Elliott household income of $60,167; at that income and 20% down, the 28% guideline points to a home of about $226,000.
| Down payment | $17,700 |
|---|---|
| Loan amount | $70,800 |
| Principal and interest | $476 |
| Property taxes (0.49% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| PMI | $0 |
| Total per month | $549 |
Change the numbers in the calculator
| Down payment | $3,098 |
|---|---|
| Loan amount | $86,897 |
| Principal and interest | $585 |
| Property taxes (0.49% a year) | $36 |
| Homeowners insurance (our estimate, 0.5% a year) | $37 |
| FHA mortgage insurance | $39 |
| Total per month | $697 |
Change the numbers in the calculator
Questions about home buying in Elliott
What is the median home value in Elliott?
About $88,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elliott?
Homeowners pay a median $432 a year, which is about 0.49% 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 Elliott?
For the median home with 20% down at 7.11%, the payment is about $549 a month. Keeping that under 28% of gross income takes about $23,541 a year.
More about Elliott
- Mortgage Refinance in Elliott
- Debt Relief in Elliott
- Home Equity Loans in Elliott
- 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