The typical owner-occupied home in Gadsden is worth about $112,900, 56% below the South Carolina median of $259,000 and 66% below the national median of $332,700. Owners pay a median $589 a year in property taxes, about 0.52% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $52,966 a year, so the median home costs 2.1 times the median income (3.7 times for South Carolina). 90% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Gadsden at a glance
| Gadsden | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $112,900 | $259,000 | $332,700 |
| Median property tax paid per year | $589 | $1,251 | $3,119 |
| Property tax as a share of value | 0.52% | 0.48% | 0.94% |
| Median household income | $52,966 | $69,324 | $80,734 |
| Homes lived in by their owners | 90% | 72% | 65% |
| Owner homes with a mortgage | 53% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,353 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 19.7% | 21.0% |
| Median rent | – | $1,180 | $1,413 |
| Median year homes were built | 1984 | 1992 | 1980 |
| Vacant homes | 12.3% | 13.3% | 10.1% |
| Population | 1,443 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Gadsden
At this week's average 30-year rate of 7.11%, buying the median Gadsden home of $112,900 with 20% down costs about $704 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $892, 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 $30,153 for the 20%-down payment. That payment is 16% of the median Gadsden household income of $52,966; at that income and 20% down, the 28% guideline points to a home of about $198,000.
| Down payment | $22,580 |
|---|---|
| Loan amount | $90,320 |
| Principal and interest | $608 |
| Property taxes (0.52% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $704 |
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| Down payment | $3,952 |
|---|---|
| Loan amount | $110,855 |
| Principal and interest | $746 |
| Property taxes (0.52% a year) | $49 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $892 |
Change the numbers in the calculator
Questions about home buying in Gadsden
What is the median home value in Gadsden?
About $112,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gadsden?
Homeowners pay a median $589 a year, which is about 0.52% 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 Gadsden?
For the median home with 20% down at 7.11%, the payment is about $704 a month. Keeping that under 28% of gross income takes about $30,153 a year.
More about Gadsden
- Mortgage Refinance in Gadsden
- Debt Relief in Gadsden
- Home Equity Loans in Gadsden
- 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