Total monthly cost of ownership
Cost to Own a Home in St. Matthews, South Carolina
A $147,000 home here costs
$1,224per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $756. The real number is $468 higher every month — 62% 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.
St. Matthews against Calhoun County and South Carolina
| Measure | St. Matthews | Calhoun County |
|---|---|---|
| Median home value | $146,600 | $148,800 |
| Median property tax | $738 | $630 |
| Effective tax rate | 0.503% | 0.423% |
| Median gross rent | $825 | $994 |
| Population | 1,626 | 14,150 |
The weather behind that power bill
St. Matthews sits in Calhoun County, which averages a high of 91.9°F in its hottest month and a low of 36.9°F in its coldest, with 43.67" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 2,234 cooling and 2,195 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Calhoun County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Calhoun County
No other places of this size are published in Calhoun County.
Full Calhoun County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in St. Matthews?
A $147,000 home in St. Matthews, South Carolina costs approximately $1,224 per month with 20% down at 6.66%. That is $756 principal and interest, $62 property tax, $71 homeowners insurance, $213 utilities and $123 set aside for maintenance.
What is the property tax rate in St. Matthews?
St. Matthews has an effective property tax rate of 0.503%, based on a median home value of $146,600 and median real estate taxes of $738. That is higher than the Calhoun County average of 0.423%.
What is the average home price in St. Matthews?
The median owner-occupied home value in St. Matthews, South Carolina is $146,600, against $148,800 across Calhoun County.
Is it cheaper to rent or buy in St. Matthews?
Median gross rent in St. Matthews is $825 a month, against $1,224 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 St. Matthews — 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.