Total monthly cost of ownership
Cost to Own a Home in Lugoff, South Carolina
A $202,000 home here costs
$1,692per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $72,500 a year.
A standard mortgage calculator would have told you $1,101. The real number is $590 higher every month, 54% more than the payment most buyers budget for.
Compare Kershaw 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.
Lugoff against Kershaw County and South Carolina
| Measure | Lugoff | Kershaw County |
|---|---|---|
| Median home value | $201,800 | $191,900 |
| Median property tax | $1,093 | $937 |
| Effective tax rate | 0.542% | 0.488% |
| Median gross rent | $793 | $872 |
| Population | 9,475 | 66,924 |
The weather behind that power bill
Lugoff sits in Kershaw County, which averages a high of 92.2°F in its hottest month and a low of 31.5°F in its coldest, with 38.31" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,024 cooling and 2,759 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Kershaw County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Kershaw County
Full Kershaw County cost breakdown · Every county in South Carolina
Talk to someone who works this market
These are Lugoff 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 Lugoff every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lugoff I already own here and may sell
Common questions
How much does it cost to own a home in Lugoff?
A $202,000 home in Lugoff, South Carolina costs approximately $1,692 per month with 20% down at 7.24%. That is $1,101 principal and interest, $91 property tax, $97 homeowners insurance, $233 utilities and $168 set aside for maintenance.
What is the property tax rate in Lugoff?
Lugoff has an effective property tax rate of 0.542%, based on a median home value of $201,800 and median real estate taxes of $1,093. That is higher than the Kershaw County average of 0.488%.
What is the average home price in Lugoff?
The median owner-occupied home value in Lugoff, South Carolina is $201,800, against $191,900 across Kershaw County.
Is it cheaper to rent or buy in Lugoff?
Median gross rent in Lugoff is $793 a month, against $1,692 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 Lugoff?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lugoff, South Carolina at today's rate takes a household income of roughly $72,500 a year. That covers the full $1,692 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lugoff, 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.