Total monthly cost of ownership
Cost to Own a Home in Bennettsville, South Carolina
A $83,000 home here costs
$849per 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 $36,500 a year.
A standard mortgage calculator would have told you $453. The real number is $396 higher every month, 88% more than the payment most buyers budget for.
Compare Marlboro 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.
Bennettsville against Marlboro County and South Carolina
| Measure | Bennettsville | Marlboro County |
|---|---|---|
| Median home value | $82,700 | $74,500 |
| Median property tax | $639 | $475 |
| Effective tax rate | 0.773% | 0.638% |
| Median gross rent | $650 | $686 |
| Population | 6,798 | 26,285 |
The weather behind that power bill
Bennettsville sits in Marlboro County, which averages a high of 91.5°F in its hottest month and a low of 34.3°F in its coldest, with 41.72" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,023 cooling and 2,594 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Marlboro County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marlboro County
Full Marlboro County cost breakdown · Every county in South Carolina
Talk to someone who works this market
These are Bennettsville 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 Bennettsville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bennettsville I already own here and may sell
Common questions
How much does it cost to own a home in Bennettsville?
A $83,000 home in Bennettsville, South Carolina costs approximately $849 per month with 20% down at 7.24%. That is $453 principal and interest, $53 property tax, $40 homeowners insurance, $233 utilities and $69 set aside for maintenance.
What is the property tax rate in Bennettsville?
Bennettsville has an effective property tax rate of 0.773%, based on a median home value of $82,700 and median real estate taxes of $639. That is higher than the Marlboro County average of 0.638%.
What is the average home price in Bennettsville?
The median owner-occupied home value in Bennettsville, South Carolina is $82,700, against $74,500 across Marlboro County.
Is it cheaper to rent or buy in Bennettsville?
Median gross rent in Bennettsville is $650 a month, against $849 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 Bennettsville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bennettsville, South Carolina at today's rate takes a household income of roughly $36,500 a year. That covers the full $849 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bennettsville, 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.