Total monthly cost of ownership
Cost to Own a Home in Aiken, South Carolina
A $262,000 home here costs
$2,107per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $90,500 a year.
A standard mortgage calculator would have told you $1,428. The real number is $679 higher every month, 48% more than the payment most buyers budget for.
Compare Aiken County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Aiken against Aiken County and South Carolina
| Measure | Aiken | Aiken County |
|---|---|---|
| Median home value | $261,800 | $199,500 |
| Median property tax | $1,207 | $862 |
| Effective tax rate | 0.461% | 0.432% |
| Median gross rent | $1,199 | $1,031 |
| Population | 32,334 | 171,949 |
The weather behind that power bill
Aiken sits in Aiken County, which averages a high of 90.8°F in its hottest month and a low of 35.6°F in its coldest, with 46.22" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,005 cooling and 2,383 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Aiken County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Aiken County
Full Aiken County cost breakdown · Every county in South Carolina
Talk to someone who works this market
These are Aiken averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Aiken every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Aiken?
A $262,000 home in Aiken, South Carolina costs approximately $2,107 per month with 20% down at 7.24%. That is $1,428 principal and interest, $101 property tax, $126 homeowners insurance, $233 utilities and $218 set aside for maintenance.
What is the property tax rate in Aiken?
Aiken has an effective property tax rate of 0.461%, based on a median home value of $261,800 and median real estate taxes of $1,207. That is higher than the Aiken County average of 0.432%.
What is the average home price in Aiken?
The median owner-occupied home value in Aiken, South Carolina is $261,800, against $199,500 across Aiken County.
Is it cheaper to rent or buy in Aiken?
Median gross rent in Aiken is $1,199 a month, against $2,107 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Aiken?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Aiken, South Carolina at today's rate takes a household income of roughly $90,500 a year. That covers the full $2,107 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Aiken, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for South Carolina.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.