Total monthly cost of ownership
Cost to Own a Home in Timmonsville, South Carolina
A $88,000 home here costs
$820per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $452. The real number is $367 higher every month — 81% 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.
Timmonsville against Florence County and South Carolina
| Measure | Timmonsville | Florence County |
|---|---|---|
| Median home value | $88,000 | $165,500 |
| Median property tax | $459 | $724 |
| Effective tax rate | 0.522% | 0.437% |
| Median gross rent | $826 | $908 |
| Population | 2,153 | 136,921 |
The weather behind that power bill
Timmonsville sits in Florence County, which averages a high of 92.0°F in its hottest month and a low of 36.0°F in its coldest, with 45.3" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 2,257 cooling and 2,334 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Florence County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Florence County
Full Florence County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Timmonsville?
A $88,000 home in Timmonsville, South Carolina costs approximately $820 per month with 20% down at 6.66%. That is $452 principal and interest, $38 property tax, $42 homeowners insurance, $213 utilities and $73 set aside for maintenance.
What is the property tax rate in Timmonsville?
Timmonsville has an effective property tax rate of 0.522%, based on a median home value of $88,000 and median real estate taxes of $459. That is higher than the Florence County average of 0.437%.
What is the average home price in Timmonsville?
The median owner-occupied home value in Timmonsville, South Carolina is $88,000, against $165,500 across Florence County.
Is it cheaper to rent or buy in Timmonsville?
Median gross rent in Timmonsville is $826 a month, against $820 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Timmonsville — 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.