Total monthly cost of ownership
Cost to Own a Home in Greenville, South Carolina
A $453,000 home here costs
$3,518per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $151,000 a year.
A standard mortgage calculator would have told you $2,489. The real number is $1,029 higher every month, 41% more than the payment most buyers budget for.
Compare Greenville County with anywhere in America · full county breakdown
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 $162 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
Talk to someone who works this market
These are Greenville 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 Greenville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Greenville I already own here and may sell
Common questions
How much does it cost to own a home in Greenville?
A $453,000 home in Greenville, South Carolina costs approximately $3,518 per month with 20% down at 7.32%. That is $2,489 principal and interest, $203 property tax, $218 homeowners insurance, $230 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 $3,518 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 Greenville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Greenville, South Carolina at today's rate takes a household income of roughly $151,000 a year. That covers the full $3,518 monthly cost, not just the mortgage payment.
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.