Total monthly cost of ownership
Cost to Own a Home in Tega Cay, South Carolina
A $495,000 home here costs
$3,865per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $165,500 a year.
A standard mortgage calculator would have told you $2,720. The real number is $1,145 higher every month, 42% more than the payment most buyers budget for.
Compare York 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.
Tega Cay against York County and South Carolina
| Measure | Tega Cay | York County |
|---|---|---|
| Median home value | $494,500 | $322,700 |
| Median property tax | $3,162 | $1,602 |
| Effective tax rate | 0.639% | 0.496% |
| Median gross rent | $1,307 | $1,304 |
| Population | 13,267 | 288,559 |
The weather behind that power bill
Tega Cay sits in York County, which averages a high of 89.2°F in its hottest month and a low of 29.5°F in its coldest, with 44.11" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,565 cooling and 3,457 heating degree days, which is what sets the $162 electricity line above.
See the full climate breakdown for York County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in York County
Full York County cost breakdown · Every county in South Carolina
Talk to someone who works this market
These are Tega Cay 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 Tega Cay every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Tega Cay I already own here and may sell
Common questions
How much does it cost to own a home in Tega Cay?
A $495,000 home in Tega Cay, South Carolina costs approximately $3,865 per month with 20% down at 7.32%. That is $2,720 principal and interest, $264 property tax, $238 homeowners insurance, $230 utilities and $413 set aside for maintenance.
What is the property tax rate in Tega Cay?
Tega Cay has an effective property tax rate of 0.639%, based on a median home value of $494,500 and median real estate taxes of $3,162. That is higher than the York County average of 0.496%.
What is the average home price in Tega Cay?
The median owner-occupied home value in Tega Cay, South Carolina is $494,500, against $322,700 across York County.
Is it cheaper to rent or buy in Tega Cay?
Median gross rent in Tega Cay is $1,307 a month, against $3,865 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 Tega Cay?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Tega Cay, South Carolina at today's rate takes a household income of roughly $165,500 a year. That covers the full $3,865 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Tega Cay, 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.