Total monthly cost of ownership
Cost to Own a Home in Lake Wylie, South Carolina
A $464,000 home here costs
$3,551per 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 $152,000 a year.
A standard mortgage calculator would have told you $2,550. The real number is $1,001 higher every month, 39% more than the payment most buyers budget for.
Compare York 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.
Lake Wylie against York County and South Carolina
| Measure | Lake Wylie | York County |
|---|---|---|
| Median home value | $464,200 | $322,700 |
| Median property tax | $1,929 | $1,602 |
| Effective tax rate | 0.416% | 0.496% |
| Median gross rent | $1,517 | $1,304 |
| Population | 15,177 | 288,559 |
The weather behind that power bill
Lake Wylie sits in York County, which averages a high of 89.2°F in its hottest month and a low of 29.5°F in its coldest, with 44.11" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,565 cooling and 3,457 heating degree days, which is what sets the $162 electricity line above.
See the full climate breakdown for York County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in York County
Full York County cost breakdown · Every county in South Carolina
Talk to someone who works this market
These are Lake Wylie 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 Lake Wylie every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lake Wylie I already own here and may sell
Common questions
How much does it cost to own a home in Lake Wylie?
A $464,000 home in Lake Wylie, South Carolina costs approximately $3,551 per month with 20% down at 7.32%. That is $2,550 principal and interest, $161 property tax, $223 homeowners insurance, $230 utilities and $387 set aside for maintenance.
What is the property tax rate in Lake Wylie?
Lake Wylie has an effective property tax rate of 0.416%, based on a median home value of $464,200 and median real estate taxes of $1,929. That is lower than the York County average of 0.496%.
What is the average home price in Lake Wylie?
The median owner-occupied home value in Lake Wylie, South Carolina is $464,200, against $322,700 across York County.
Is it cheaper to rent or buy in Lake Wylie?
Median gross rent in Lake Wylie is $1,517 a month, against $3,551 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 Lake Wylie?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lake Wylie, South Carolina at today's rate takes a household income of roughly $152,000 a year. That covers the full $3,551 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lake Wylie, 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.