Total monthly cost of ownership
Cost to Own a Home in Latta, South Carolina
A $106,000 home here costs
$952per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $545. The real number is $407 higher every month — 75% 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.
Latta against Dillon County and South Carolina
| Measure | Latta | Dillon County |
|---|---|---|
| Median home value | $106,000 | $84,400 |
| Median property tax | $652 | $425 |
| Effective tax rate | 0.615% | 0.504% |
| Median gross rent | $685 | $692 |
| Population | 1,301 | 28,031 |
The weather behind that power bill
Latta sits in Dillon County, which averages a high of 92.2°F in its hottest month and a low of 31.9°F in its coldest, with 48.63" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 1,950 cooling and 2,752 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Dillon County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Dillon County
Full Dillon County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Latta?
A $106,000 home in Latta, South Carolina costs approximately $952 per month with 20% down at 6.66%. That is $545 principal and interest, $54 property tax, $51 homeowners insurance, $213 utilities and $88 set aside for maintenance.
What is the property tax rate in Latta?
Latta has an effective property tax rate of 0.615%, based on a median home value of $106,000 and median real estate taxes of $652. That is higher than the Dillon County average of 0.504%.
What is the average home price in Latta?
The median owner-occupied home value in Latta, South Carolina is $106,000, against $84,400 across Dillon County.
Is it cheaper to rent or buy in Latta?
Median gross rent in Latta is $685 a month, against $952 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 Latta — 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.