The typical owner-occupied home in Lyman is worth about $277,600, 7% above the South Carolina median of $259,000 and 17% below the national median of $332,700. Owners pay a median $1,655 a year in property taxes, about 0.60% of their home's value, higher than the South Carolina rate of 0.48%. The median household earns $75,653 a year, so the median home costs 3.7 times the median income (3.7 times for South Carolina). 92% of occupied homes here are lived in by their owners, and 80% of those owners still have a mortgage.
Lyman at a glance
| Lyman | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $277,600 | $259,000 | $332,700 |
| Median property tax paid per year | $1,655 | $1,251 | $3,119 |
| Property tax as a share of value | 0.60% | 0.48% | 0.94% |
| Median household income | $75,653 | $69,324 | $80,734 |
| Homes lived in by their owners | 92% | 72% | 65% |
| Owner homes with a mortgage | 80% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,539 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 19.7% | 21.0% |
| Median rent | $1,081 | $1,180 | $1,413 |
| Rent as a share of renters' income | 29.9% | 31.1% | 30.6% |
| Median year homes were built | 2010 | 1992 | 1980 |
| Vacant homes | 2.2% | 13.3% | 10.1% |
| Population | 6,547 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Lyman
At this week's average 30-year rate of 7.11%, buying the median Lyman home of $277,600 with 20% down costs about $1,748 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,211, 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 $74,932 for the 20%-down payment. That payment is 28% of the median Lyman household income of $75,653; at that income and 20% down, the 28% guideline points to a home of about $280,000.
The median rent here is $1,081 a month, so owning the median home costs about $667 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $55,520 |
|---|---|
| Loan amount | $222,080 |
| Principal and interest | $1,494 |
| Property taxes (0.60% a year) | $139 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| PMI | $0 |
| Total per month | $1,748 |
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| Down payment | $9,716 |
|---|---|
| Loan amount | $272,572 |
| Principal and interest | $1,834 |
| Property taxes (0.60% a year) | $139 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| FHA mortgage insurance | $123 |
| Total per month | $2,211 |
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Questions about home buying in Lyman
What is the median home value in Lyman?
About $277,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lyman?
Homeowners pay a median $1,655 a year, which is about 0.60% 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 Lyman?
For the median home with 20% down at 7.11%, the payment is about $1,748 a month. Keeping that under 28% of gross income takes about $74,932 a year.
More about Lyman
- Mortgage Refinance in Lyman
- Debt Relief in Lyman
- Home Equity Loans in Lyman
- 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