Total monthly cost of ownership
Cost to Own a Home in Walterboro, South Carolina
A $171,000 home here costs
$1,484per 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 $63,500 a year.
A standard mortgage calculator would have told you $932. The real number is $552 higher every month, 59% more than the payment most buyers budget for.
Compare Colleton 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.
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 $165 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
Talk to someone who works this market
These are Walterboro 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 Walterboro every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Walterboro I already own here and may sell
Common questions
How much does it cost to own a home in Walterboro?
A $171,000 home in Walterboro, South Carolina costs approximately $1,484 per month with 20% down at 7.24%. That is $932 principal and interest, $94 property tax, $82 homeowners insurance, $233 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 $1,484 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 Walterboro?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Walterboro, South Carolina at today's rate takes a household income of roughly $63,500 a year. That covers the full $1,484 monthly cost, not just the mortgage payment.
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.