Total monthly cost of ownership
Cost to Own a Home in Litchfield Beach, South Carolina
A $409,000 home here costs
$2,981per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,103. The real number is $878 higher every month — 42% 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.
Litchfield Beach against Georgetown County and South Carolina
| Measure | Litchfield Beach | Georgetown County |
|---|---|---|
| Median home value | $409,100 | $262,300 |
| Median property tax | $1,526 | $1,117 |
| Effective tax rate | 0.373% | 0.426% |
| Median gross rent | $1,623 | $1,166 |
| Population | 9,544 | 64,200 |
The weather behind that power bill
Litchfield Beach sits in Georgetown County, which averages a high of 91.1°F in its hottest month and a low of 37.0°F in its coldest, with 55.43" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 2,244 cooling and 2,191 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Georgetown County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Georgetown County
Full Georgetown County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Litchfield Beach?
A $409,000 home in Litchfield Beach, South Carolina costs approximately $2,981 per month with 20% down at 6.66%. That is $2,103 principal and interest, $127 property tax, $197 homeowners insurance, $213 utilities and $341 set aside for maintenance.
What is the property tax rate in Litchfield Beach?
Litchfield Beach has an effective property tax rate of 0.373%, based on a median home value of $409,100 and median real estate taxes of $1,526. That is lower than the Georgetown County average of 0.426%.
What is the average home price in Litchfield Beach?
The median owner-occupied home value in Litchfield Beach, South Carolina is $409,100, against $262,300 across Georgetown County.
Is it cheaper to rent or buy in Litchfield Beach?
Median gross rent in Litchfield Beach is $1,623 a month, against $2,981 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 Litchfield Beach — 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.