Total monthly cost of ownership
Cost to Own a Home in Greenwood, South Carolina
A $123,000 home here costs
$1,088per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $632. The real number is $456 higher every month — 72% 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.
Greenwood against Greenwood County and South Carolina
| Measure | Greenwood | Greenwood County |
|---|---|---|
| Median home value | $123,400 | $166,400 |
| Median property tax | $971 | $973 |
| Effective tax rate | 0.787% | 0.585% |
| Median gross rent | $826 | $880 |
| Population | 22,527 | 69,329 |
The weather behind that power bill
Greenwood sits in Greenwood County, which averages a high of 90.2°F in its hottest month and a low of 31.8°F in its coldest, with 42.01" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,676 cooling and 3,048 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Greenwood County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Greenwood County
Full Greenwood County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Greenwood?
A $123,000 home in Greenwood, South Carolina costs approximately $1,088 per month with 20% down at 6.66%. That is $632 principal and interest, $81 property tax, $59 homeowners insurance, $213 utilities and $103 set aside for maintenance.
What is the property tax rate in Greenwood?
Greenwood has an effective property tax rate of 0.787%, based on a median home value of $123,400 and median real estate taxes of $971. That is higher than the Greenwood County average of 0.585%.
What is the average home price in Greenwood?
The median owner-occupied home value in Greenwood, South Carolina is $123,400, against $166,400 across Greenwood County.
Is it cheaper to rent or buy in Greenwood?
Median gross rent in Greenwood is $826 a month, against $1,088 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 Greenwood — 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.