Total monthly cost of ownership
Cost to Own a Home in Greenville, South Carolina
A $453,000 home here costs
$3,341per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,329. The real number is $1,012 higher every month — 43% 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.
Greenville against Greenville County and South Carolina
| Measure | Greenville | Greenville County |
|---|---|---|
| Median home value | $453,300 | $273,900 |
| Median property tax | $2,436 | $1,445 |
| Effective tax rate | 0.537% | 0.528% |
| Median gross rent | $1,248 | $1,198 |
| Population | 71,755 | 537,575 |
The weather behind that power bill
Greenville sits in Greenville County, which averages a high of 90.9°F in its hottest month and a low of 34.6°F in its coldest, with 47.04" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,035 cooling and 2,646 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Greenville County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greenville County
Full Greenville County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Greenville?
A $453,000 home in Greenville, South Carolina costs approximately $3,341 per month with 20% down at 6.66%. That is $2,329 principal and interest, $203 property tax, $218 homeowners insurance, $213 utilities and $378 set aside for maintenance.
What is the property tax rate in Greenville?
Greenville has an effective property tax rate of 0.537%, based on a median home value of $453,300 and median real estate taxes of $2,436. That is in line with the Greenville County average of 0.528%.
What is the average home price in Greenville?
The median owner-occupied home value in Greenville, South Carolina is $453,300, against $273,900 across Greenville County.
Is it cheaper to rent or buy in Greenville?
Median gross rent in Greenville is $1,248 a month, against $3,341 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 Greenville — 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.