The typical owner-occupied home in Pinewood is worth about $104,800, 60% below the South Carolina median of $259,000 and 69% below the national median of $332,700. Owners pay a median $500 a year in property taxes, about 0.48% of their home's value, close to the South Carolina rate of 0.48%. The median household earns $27,813 a year, so the median home costs 3.8 times the median income (3.7 times for South Carolina). 46% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.
Pinewood at a glance
| Pinewood | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $104,800 | $259,000 | $332,700 |
| Median property tax paid per year | $500 | $1,251 | $3,119 |
| Property tax as a share of value | 0.48% | 0.48% | 0.94% |
| Median household income | $27,813 | $69,324 | $80,734 |
| Homes lived in by their owners | 46% | 72% | 65% |
| Owner homes with a mortgage | 29% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,313 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 12.8% | 19.7% | 21.0% |
| Median rent | – | $1,180 | $1,413 |
| Rent as a share of renters' income | 19.1% | 31.1% | 30.6% |
| Median year homes were built | 1971 | 1992 | 1980 |
| Vacant homes | 17.3% | 13.3% | 10.1% |
| Population | 668 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Pinewood
At this week's average 30-year rate of 7.11%, buying the median Pinewood home of $104,800 with 20% down costs about $650 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $824, 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 $27,840 for the 20%-down payment. That payment is 28% of the median Pinewood household income of $27,813; at that income and 20% down, the 28% guideline points to a home of about $105,000.
| Down payment | $20,960 |
|---|---|
| Loan amount | $83,840 |
| Principal and interest | $564 |
| Property taxes (0.48% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| PMI | $0 |
| Total per month | $650 |
Change the numbers in the calculator
| Down payment | $3,668 |
|---|---|
| Loan amount | $102,902 |
| Principal and interest | $692 |
| Property taxes (0.48% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $44 |
| FHA mortgage insurance | $46 |
| Total per month | $824 |
Change the numbers in the calculator
Questions about home buying in Pinewood
What is the median home value in Pinewood?
About $104,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pinewood?
Homeowners pay a median $500 a year, which is about 0.48% 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 Pinewood?
For the median home with 20% down at 7.11%, the payment is about $650 a month. Keeping that under 28% of gross income takes about $27,840 a year.
More about Pinewood
- Mortgage Refinance in Pinewood
- Debt Relief in Pinewood
- Home Equity Loans in Pinewood
- 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