Total monthly cost of ownership
Cost to Own a Home in Lake Wylie, South Carolina
A $464,000 home here costs
$3,370per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,385. The real number is $984 higher every month — 41% 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 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 $145 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
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 $3,370 per month with 20% down at 6.66%. That is $2,385 principal and interest, $161 property tax, $223 homeowners insurance, $213 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 $3,370 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 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.