Total monthly cost of ownership
Cost to Own a Home in Gadsden, South Carolina
A $98,000 home here costs
$939per 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 $40,500 a year.
A standard mortgage calculator would have told you $534. The real number is $405 higher every month, 76% more than the payment most buyers budget for.
Compare Richland County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Gadsden from a five-year rolling sample, and with about 1,131 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 Richland 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.
Gadsden against Richland County and South Carolina
| Measure | Gadsden | Richland County |
|---|---|---|
| Median home value | $98,300 | $224,200 |
| Median property tax | $513 | $1,569 |
| Effective tax rate | 0.522% | 0.700% |
| Median gross rent | — | $1,185 |
| Population | 1,131 | 418,725 |
The weather behind that power bill
Gadsden sits in Richland County, which averages a high of 93.2°F in its hottest month and a low of 37.0°F in its coldest, with 43.68" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,418 cooling and 2,210 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Richland County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Richland County
Full Richland County cost breakdown · Every county in South Carolina
Talk to someone who works this market
These are Gadsden 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 Gadsden every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gadsden I already own here and may sell
Common questions
How much does it cost to own a home in Gadsden?
A $98,000 home in Gadsden, South Carolina costs approximately $939 per month with 20% down at 7.24%. That is $534 principal and interest, $43 property tax, $47 homeowners insurance, $233 utilities and $82 set aside for maintenance.
What is the property tax rate in Gadsden?
Gadsden has an effective property tax rate of 0.522%, based on a median home value of $98,300 and median real estate taxes of $513. That is lower than the Richland County average of 0.700%.
What is the average home price in Gadsden?
The median owner-occupied home value in Gadsden, South Carolina is $98,300, against $224,200 across Richland County.
Is it cheaper to rent or buy in Gadsden?
Rent data is not published for Gadsden at this level of detail.
What salary do you need to buy a home in Gadsden?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gadsden, South Carolina at today's rate takes a household income of roughly $40,500 a year. That covers the full $939 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gadsden, 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.