Total monthly cost of ownership
Cost to Own a Home in Marion, South Carolina
A $119,000 home here costs
$1,039per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $612. The real number is $427 higher every month — 70% 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.
Marion against Marion County and South Carolina
| Measure | Marion | Marion County |
|---|---|---|
| Median home value | $119,400 | $86,800 |
| Median property tax | $689 | $397 |
| Effective tax rate | 0.577% | 0.457% |
| Median gross rent | $624 | $663 |
| Population | 6,338 | 28,900 |
The weather behind that power bill
Marion sits in Marion County, which averages a high of 90.5°F in its hottest month and a low of 33.9°F in its coldest, with 49.27" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 1,944 cooling and 2,582 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Full Marion County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Marion?
A $119,000 home in Marion, South Carolina costs approximately $1,039 per month with 20% down at 6.66%. That is $612 principal and interest, $57 property tax, $57 homeowners insurance, $213 utilities and $99 set aside for maintenance.
What is the property tax rate in Marion?
Marion has an effective property tax rate of 0.577%, based on a median home value of $119,400 and median real estate taxes of $689. That is higher than the Marion County average of 0.457%.
What is the average home price in Marion?
The median owner-occupied home value in Marion, South Carolina is $119,400, against $86,800 across Marion County.
Is it cheaper to rent or buy in Marion?
Median gross rent in Marion is $624 a month, against $1,039 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 Marion — 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.