Total monthly cost of ownership
Cost to Own a Home in Bamberg, South Carolina
A $130,000 home here costs
$1,133per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $668. The real number is $465 higher every month — 70% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bamberg against Bamberg County and South Carolina
| Measure | Bamberg | Bamberg County |
|---|---|---|
| Median home value | $129,500 | $96,000 |
| Median property tax | $960 | $796 |
| Effective tax rate | 0.741% | 0.829% |
| Median gross rent | $779 | $794 |
| Population | 3,036 | 13,164 |
The weather behind that power bill
Bamberg sits in Bamberg County, which averages a high of 91.2°F in its hottest month and a low of 36.5°F in its coldest, with 48.54" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,094 cooling and 2,284 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Bamberg County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bamberg County
Full Bamberg County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Bamberg?
A $130,000 home in Bamberg, South Carolina costs approximately $1,133 per month with 20% down at 6.66%. That is $668 principal and interest, $80 property tax, $63 homeowners insurance, $213 utilities and $108 set aside for maintenance.
What is the property tax rate in Bamberg?
Bamberg has an effective property tax rate of 0.741%, based on a median home value of $129,500 and median real estate taxes of $960. That is lower than the Bamberg County average of 0.829%.
What is the average home price in Bamberg?
The median owner-occupied home value in Bamberg, South Carolina is $129,500, against $96,000 across Bamberg County.
Is it cheaper to rent or buy in Bamberg?
Median gross rent in Bamberg is $779 a month, against $1,133 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bamberg — 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.