The typical owner-occupied home in Chesnee is worth about $103,700, 60% below the South Carolina median of $259,000 and 69% below the national median of $332,700. Owners pay a median $880 a year in property taxes, about 0.85% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $37,708 a year, so the median home costs 2.8 times the median income (3.7 times for South Carolina). 54% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Chesnee at a glance
| Chesnee | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $103,700 | $259,000 | $332,700 |
| Median property tax paid per year | $880 | $1,251 | $3,119 |
| Property tax as a share of value | 0.85% | 0.48% | 0.94% |
| Median household income | $37,708 | $69,324 | $80,734 |
| Homes lived in by their owners | 54% | 72% | 65% |
| Owner homes with a mortgage | 38% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,042 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 19.7% | 21.0% |
| Median rent | $839 | $1,180 | $1,413 |
| Rent as a share of renters' income | 31.5% | 31.1% | 30.6% |
| Median year homes were built | 1962 | 1992 | 1980 |
| Vacant homes | 15.3% | 13.3% | 10.1% |
| Population | 896 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Chesnee
At this week's average 30-year rate of 7.11%, buying the median Chesnee home of $103,700 with 20% down costs about $675 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $847, 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 $28,917 for the 20%-down payment. That payment is 21% of the median Chesnee household income of $37,708; at that income and 20% down, the 28% guideline points to a home of about $135,000.
The median rent here is $839 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,740 |
|---|---|
| Loan amount | $82,960 |
| Principal and interest | $558 |
| Property taxes (0.85% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $675 |
Change the numbers in the calculator
| Down payment | $3,630 |
|---|---|
| Loan amount | $101,822 |
| Principal and interest | $685 |
| Property taxes (0.85% a year) | $73 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $46 |
| Total per month | $847 |
Change the numbers in the calculator
Questions about home buying in Chesnee
What is the median home value in Chesnee?
About $103,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chesnee?
Homeowners pay a median $880 a year, which is about 0.85% 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 Chesnee?
For the median home with 20% down at 7.11%, the payment is about $675 a month. Keeping that under 28% of gross income takes about $28,917 a year.
More about Chesnee
- Mortgage Refinance in Chesnee
- Debt Relief in Chesnee
- Home Equity Loans in Chesnee
- 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