Total monthly cost of ownership
Cost to Own a Home in Lake Secession, South Carolina
A $336,000 home here costs
$2,471per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,727. The real number is $744 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.
Lake Secession against Abbeville County and South Carolina
| Measure | Lake Secession | Abbeville County |
|---|---|---|
| Median home value | $335,500 | $147,200 |
| Median property tax | $1,060 | $717 |
| Effective tax rate | 0.316% | 0.487% |
| Median gross rent | $950 | $634 |
| Population | 1,209 | 24,352 |
The weather behind that power bill
Lake Secession sits in Abbeville 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 Abbeville County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Abbeville County
Full Abbeville County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Lake Secession?
A $336,000 home in Lake Secession, South Carolina costs approximately $2,471 per month with 20% down at 6.66%. That is $1,727 principal and interest, $88 property tax, $162 homeowners insurance, $213 utilities and $280 set aside for maintenance.
What is the property tax rate in Lake Secession?
Lake Secession has an effective property tax rate of 0.316%, based on a median home value of $335,500 and median real estate taxes of $1,060. That is lower than the Abbeville County average of 0.487%.
What is the average home price in Lake Secession?
The median owner-occupied home value in Lake Secession, South Carolina is $335,500, against $147,200 across Abbeville County.
Is it cheaper to rent or buy in Lake Secession?
Median gross rent in Lake Secession is $950 a month, against $2,471 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 Lake Secession — 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.