Total monthly cost of ownership
Cost to Own a Home in Landrum, South Carolina
A $195,000 home here costs
$1,576per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,002. The real number is $574 higher every month — 57% 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.
Landrum against Spartanburg County and South Carolina
| Measure | Landrum | Spartanburg County |
|---|---|---|
| Median home value | $194,700 | $216,000 |
| Median property tax | $1,246 | $1,217 |
| Effective tax rate | 0.640% | 0.563% |
| Median gross rent | $485 | $1,019 |
| Population | 2,564 | 338,096 |
The weather behind that power bill
Landrum sits in Spartanburg County, which averages a high of 90.1°F in its hottest month and a low of 31.5°F in its coldest, with 50.24" of precipitation a year and 26% of it in a single three-month stretch. That climate drives 1,664 cooling and 3,015 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Spartanburg County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Spartanburg County
Full Spartanburg County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Landrum?
A $195,000 home in Landrum, South Carolina costs approximately $1,576 per month with 20% down at 6.66%. That is $1,002 principal and interest, $104 property tax, $94 homeowners insurance, $213 utilities and $163 set aside for maintenance.
What is the property tax rate in Landrum?
Landrum has an effective property tax rate of 0.640%, based on a median home value of $194,700 and median real estate taxes of $1,246. That is higher than the Spartanburg County average of 0.563%.
What is the average home price in Landrum?
The median owner-occupied home value in Landrum, South Carolina is $194,700, against $216,000 across Spartanburg County.
Is it cheaper to rent or buy in Landrum?
Median gross rent in Landrum is $485 a month, against $1,576 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 Landrum — 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.