Total monthly cost of ownership
Cost to Own a Home in Calhoun Falls, South Carolina
A $63,000 home here costs
$701per 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 $30,000 a year.
A standard mortgage calculator would have told you $343. The real number is $357 higher every month, 104% more than the payment most buyers budget for.
Compare Abbeville County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Calhoun Falls from a five-year rolling sample, and with about 1,897 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Abbeville County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Calhoun Falls against Abbeville County and South Carolina
| Measure | Calhoun Falls | Abbeville County |
|---|---|---|
| Median home value | $62,500 | $147,200 |
| Median property tax | $487 | $717 |
| Effective tax rate | 0.779% | 0.487% |
| Median gross rent | $476 | $634 |
| Population | 1,897 | 24,352 |
The weather behind that power bill
Calhoun Falls sits in Abbeville County, which averages a high of 90.2°F in its hottest month and a low of 31.8°F in its coldest, with 42.01" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,676 cooling and 3,048 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Abbeville County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Abbeville County
Full Abbeville County cost breakdown · Every county in South Carolina
Talk to someone who works this market
These are Calhoun Falls 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 Calhoun Falls every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Calhoun Falls I already own here and may sell
Common questions
How much does it cost to own a home in Calhoun Falls?
A $63,000 home in Calhoun Falls, South Carolina costs approximately $701 per month with 20% down at 7.24%. That is $343 principal and interest, $41 property tax, $30 homeowners insurance, $233 utilities and $53 set aside for maintenance.
What is the property tax rate in Calhoun Falls?
Calhoun Falls has an effective property tax rate of 0.779%, based on a median home value of $62,500 and median real estate taxes of $487. That is higher than the Abbeville County average of 0.487%.
What is the average home price in Calhoun Falls?
The median owner-occupied home value in Calhoun Falls, South Carolina is $62,500, against $147,200 across Abbeville County.
Is it cheaper to rent or buy in Calhoun Falls?
Median gross rent in Calhoun Falls is $476 a month, against $701 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 Calhoun Falls?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Calhoun Falls, South Carolina at today's rate takes a household income of roughly $30,000 a year. That covers the full $701 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Calhoun Falls, 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.