Total monthly cost of ownership
Cost to Own a Home in South Congaree, South Carolina
A $172,000 home here costs
$1,464per 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 $62,500 a year.
A standard mortgage calculator would have told you $938. The real number is $526 higher every month, 56% more than the payment most buyers budget for.
Compare Lexington County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for South Congaree from a five-year rolling sample, and with about 1,918 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Lexington County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
South Congaree against Lexington County and South Carolina
| Measure | South Congaree | Lexington County |
|---|---|---|
| Median home value | $172,000 | $217,700 |
| Median property tax | $797 | $1,136 |
| Effective tax rate | 0.463% | 0.522% |
| Median gross rent | $839 | $1,115 |
| Population | 1,918 | 300,370 |
The weather behind that power bill
South Congaree sits in Lexington County, which averages a high of 92.7°F in its hottest month and a low of 34.6°F in its coldest, with 45.24" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 2,236 cooling and 2,473 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Lexington County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lexington County
Full Lexington County cost breakdown · Every county in South Carolina
Talk to someone who works this market
These are South Congaree 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 South Congaree every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in South Congaree I already own here and may sell
Common questions
How much does it cost to own a home in South Congaree?
A $172,000 home in South Congaree, South Carolina costs approximately $1,464 per month with 20% down at 7.24%. That is $938 principal and interest, $66 property tax, $83 homeowners insurance, $233 utilities and $143 set aside for maintenance.
What is the property tax rate in South Congaree?
South Congaree has an effective property tax rate of 0.463%, based on a median home value of $172,000 and median real estate taxes of $797. That is lower than the Lexington County average of 0.522%.
What is the average home price in South Congaree?
The median owner-occupied home value in South Congaree, South Carolina is $172,000, against $217,700 across Lexington County.
Is it cheaper to rent or buy in South Congaree?
Median gross rent in South Congaree is $839 a month, against $1,464 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 South Congaree?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in South Congaree, South Carolina at today's rate takes a household income of roughly $62,500 a year. That covers the full $1,464 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Congaree, 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.