Total monthly cost of ownership
Cost to Own a Home in Moncks Corner, South Carolina
A $313,000 home here costs
$2,381per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,609. The real number is $771 higher every month — 48% 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.
Moncks Corner against Berkeley County and South Carolina
| Measure | Moncks Corner | Berkeley County |
|---|---|---|
| Median home value | $312,800 | $280,300 |
| Median property tax | $1,755 | $1,343 |
| Effective tax rate | 0.561% | 0.479% |
| Median gross rent | $1,203 | $1,518 |
| Population | 14,362 | 238,723 |
The weather behind that power bill
Moncks Corner sits in Berkeley County, which averages a high of 93.1°F in its hottest month and a low of 38.4°F in its coldest, with 52.32" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 2,473 cooling and 2,043 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Berkeley County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Berkeley County
Full Berkeley County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Moncks Corner?
A $313,000 home in Moncks Corner, South Carolina costs approximately $2,381 per month with 20% down at 6.66%. That is $1,609 principal and interest, $146 property tax, $151 homeowners insurance, $213 utilities and $261 set aside for maintenance.
What is the property tax rate in Moncks Corner?
Moncks Corner has an effective property tax rate of 0.561%, based on a median home value of $312,800 and median real estate taxes of $1,755. That is higher than the Berkeley County average of 0.479%.
What is the average home price in Moncks Corner?
The median owner-occupied home value in Moncks Corner, South Carolina is $312,800, against $280,300 across Berkeley County.
Is it cheaper to rent or buy in Moncks Corner?
Median gross rent in Moncks Corner is $1,203 a month, against $2,381 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 Moncks Corner — 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.