The typical owner-occupied home in Drayton is worth about $131,300, 49% below the South Carolina median of $259,000 and 61% below the national median of $332,700. Owners pay a median $922 a year in property taxes, about 0.70% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $77,813 a year, so the median home costs 1.7 times the median income (3.7 times for South Carolina). 63% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Drayton at a glance
| Drayton | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $131,300 | $259,000 | $332,700 |
| Median property tax paid per year | $922 | $1,251 | $3,119 |
| Property tax as a share of value | 0.70% | 0.48% | 0.94% |
| Median household income | $77,813 | $69,324 | $80,734 |
| Homes lived in by their owners | 63% | 72% | 65% |
| Owner homes with a mortgage | 44% | 57% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 12.7% | 19.7% | 21.0% |
| Median rent | $1,438 | $1,180 | $1,413 |
| Rent as a share of renters' income | 27.7% | 31.1% | 30.6% |
| Median year homes were built | 1962 | 1992 | 1980 |
| Vacant homes | 16.7% | 13.3% | 10.1% |
| Population | 1,452 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Drayton
At this week's average 30-year rate of 7.11%, buying the median Drayton home of $131,300 with 20% down costs about $838 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,057, 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 $35,910 for the 20%-down payment. That payment is 13% of the median Drayton household income of $77,813; at that income and 20% down, the 28% guideline points to a home of about $285,000.
The median rent here is $1,438 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $26,260 |
|---|---|
| Loan amount | $105,040 |
| Principal and interest | $707 |
| Property taxes (0.70% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| PMI | $0 |
| Total per month | $838 |
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| Down payment | $4,596 |
|---|---|
| Loan amount | $128,922 |
| Principal and interest | $867 |
| Property taxes (0.70% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $55 |
| FHA mortgage insurance | $58 |
| Total per month | $1,057 |
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Questions about home buying in Drayton
What is the median home value in Drayton?
About $131,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Drayton?
Homeowners pay a median $922 a year, which is about 0.70% 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 Drayton?
For the median home with 20% down at 7.11%, the payment is about $838 a month. Keeping that under 28% of gross income takes about $35,910 a year.
More about Drayton
- Mortgage Refinance in Drayton
- Debt Relief in Drayton
- Home Equity Loans in Drayton
- 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