Total monthly cost of ownership
Cost to Own a Home in Fort Mill, South Carolina
A $457,000 home here costs
$3,446per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,349. The real number is $1,097 higher every month — 47% 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.
Fort Mill against York County and South Carolina
| Measure | Fort Mill | York County |
|---|---|---|
| Median home value | $457,000 | $322,700 |
| Median property tax | $3,391 | $1,602 |
| Effective tax rate | 0.742% | 0.496% |
| Median gross rent | $1,437 | $1,304 |
| Population | 28,281 | 288,559 |
The weather behind that power bill
Fort Mill sits in York County, which averages a high of 89.2°F in its hottest month and a low of 29.5°F in its coldest, with 44.11" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,565 cooling and 3,457 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for York County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in York County
Full York County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Fort Mill?
A $457,000 home in Fort Mill, South Carolina costs approximately $3,446 per month with 20% down at 6.66%. That is $2,349 principal and interest, $283 property tax, $220 homeowners insurance, $213 utilities and $381 set aside for maintenance.
What is the property tax rate in Fort Mill?
Fort Mill has an effective property tax rate of 0.742%, based on a median home value of $457,000 and median real estate taxes of $3,391. That is higher than the York County average of 0.496%.
What is the average home price in Fort Mill?
The median owner-occupied home value in Fort Mill, South Carolina is $457,000, against $322,700 across York County.
Is it cheaper to rent or buy in Fort Mill?
Median gross rent in Fort Mill is $1,437 a month, against $3,446 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 Fort Mill — 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.