Total monthly cost of ownership
Cost to Own a Home in Walterboro, South Carolina
A $171,000 home here costs
$1,411per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $879. The real number is $532 higher every month — 61% 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.
Walterboro against Colleton County and South Carolina
| Measure | Walterboro | Colleton County |
|---|---|---|
| Median home value | $170,500 | $145,900 |
| Median property tax | $1,121 | $883 |
| Effective tax rate | 0.657% | 0.605% |
| Median gross rent | $865 | $905 |
| Population | 5,490 | 38,623 |
The weather behind that power bill
Walterboro sits in Colleton County, which averages a high of 90.5°F in its hottest month and a low of 35.2°F in its coldest, with 51.42" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 2,016 cooling and 2,322 heating degree days, which is what sets the $145 electricity line above.
See the full climate breakdown for Colleton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Colleton County
Full Colleton County cost breakdown · Every county in South Carolina
Common questions
How much does it cost to own a home in Walterboro?
A $171,000 home in Walterboro, South Carolina costs approximately $1,411 per month with 20% down at 6.66%. That is $879 principal and interest, $94 property tax, $82 homeowners insurance, $213 utilities and $143 set aside for maintenance.
What is the property tax rate in Walterboro?
Walterboro has an effective property tax rate of 0.657%, based on a median home value of $170,500 and median real estate taxes of $1,121. That is higher than the Colleton County average of 0.605%.
What is the average home price in Walterboro?
The median owner-occupied home value in Walterboro, South Carolina is $170,500, against $145,900 across Colleton County.
Is it cheaper to rent or buy in Walterboro?
Median gross rent in Walterboro is $865 a month, against $1,411 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 Walterboro — 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.