Total monthly cost of ownership
Cost to Own a Home in Georgetown, South Carolina
A $159,000 home here costs
$1,313per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $817. The real number is $496 higher every month — 61% 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.
Georgetown against Georgetown County and South Carolina
| Measure | Georgetown | Georgetown County |
|---|---|---|
| Median home value | $158,600 | $262,300 |
| Median property tax | $877 | $1,117 |
| Effective tax rate | 0.553% | 0.426% |
| Median gross rent | $805 | $1,166 |
| Population | 8,511 | 64,200 |
The weather behind that power bill
Georgetown sits in Georgetown County, which averages a high of 91.1°F in its hottest month and a low of 37.0°F in its coldest, with 55.43" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,244 cooling and 2,191 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Georgetown County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Georgetown County
Full Georgetown County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Georgetown?
A $159,000 home in Georgetown, South Carolina costs approximately $1,313 per month with 20% down at 6.66%. That is $817 principal and interest, $73 property tax, $77 homeowners insurance, $213 utilities and $133 set aside for maintenance.
What is the property tax rate in Georgetown?
Georgetown has an effective property tax rate of 0.553%, based on a median home value of $158,600 and median real estate taxes of $877. That is higher than the Georgetown County average of 0.426%.
What is the average home price in Georgetown?
The median owner-occupied home value in Georgetown, South Carolina is $158,600, against $262,300 across Georgetown County.
Is it cheaper to rent or buy in Georgetown?
Median gross rent in Georgetown is $805 a month, against $1,313 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 Georgetown — 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.