Total monthly cost of ownership
Cost to Own a Home in Union, South Carolina
A $103,000 home here costs
$984per 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 $42,000 a year.
A standard mortgage calculator would have told you $562. The real number is $422 higher every month, 75% more than the payment most buyers budget for.
Compare Union 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.
Union against Union County and South Carolina
| Measure | Union | Union County |
|---|---|---|
| Median home value | $103,400 | $100,000 |
| Median property tax | $644 | $558 |
| Effective tax rate | 0.623% | 0.558% |
| Median gross rent | $789 | $770 |
| Population | 8,047 | 26,990 |
The weather behind that power bill
Union sits in Union County, which averages a high of 90.4°F in its hottest month and a low of 29.0°F in its coldest, with 45.25" of precipitation a year and 27% of it in a single three-month stretch. That climate drives 1,649 cooling and 3,296 heating degree days, which is what sets the $165 electricity line above.
See the full climate breakdown for Union County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Union County
Full Union County cost breakdown · Every county in South Carolina
Talk to someone who works this market
These are Union 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 Union every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Union?
A $103,000 home in Union, South Carolina costs approximately $984 per month with 20% down at 7.24%. That is $562 principal and interest, $53 property tax, $50 homeowners insurance, $233 utilities and $86 set aside for maintenance.
What is the property tax rate in Union?
Union has an effective property tax rate of 0.623%, based on a median home value of $103,400 and median real estate taxes of $644. That is higher than the Union County average of 0.558%.
What is the average home price in Union?
The median owner-occupied home value in Union, South Carolina is $103,400, against $100,000 across Union County.
Is it cheaper to rent or buy in Union?
Median gross rent in Union is $789 a month, against $984 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 Union?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Union, South Carolina at today's rate takes a household income of roughly $42,000 a year. That covers the full $984 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Union, 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.