Rent vs Buy in South Carolina
Compare 13 cities across South Carolina. Find out whether renting or buying makes more financial sense in your area.
13cities analyzed
Avg Home:$383,669
Avg Rent:$1,717/mo
Avg Price/Rent:18.1
South Carolina Housing Market Summary
13
Cities Analyzed
0
Favor Buying
13
Favor Renting
0
Toss-Up
Across South Carolina's 13 analyzed cities, the majority (13 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of South Carolina.
The average home price in South Carolina is $383,669, with average rents at $1,717/month. This gives an average price-to-rent ratio of 18.1.
$Most Affordable Cities
$$Most Expensive Cities
All South Carolina Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Columbia | $238,958.68 | $1,543.58 | 12.9 | N/A | Rent |
| Spartanburg | $272,812.09 | $1,435.86 | 15.8 | N/A | Rent |
| Greenville | $329,079.09 | $1,598.11 | 17.2 | N/A | Rent |
| Charleston | $598,246.01 | $2,023.98 | 24.6 | N/A | Rent |
| North Charleston | $598,246.01 | $2,023.98 | 24.6 | N/A | Rent |
| Mount Pleasant | $598,246.01 | $2,023.98 | 24.6 | N/A | Rent |
| Rock Hill | $385,980.96 | $1,649.66 | 19.5 | N/A | Rent |
| Summerville | $343,637.94 | $1,650.14 | 17.4 | N/A | Rent |
| Goose Creek | $366,587.32 | $1,947.71 | 15.7 | N/A | Rent |
| Hilton Head Island | $538,039.02 | $2,120.09 | 21.1 | N/A | Rent |
| Florence | $196,260.79 | $1,221.97 | 13.4 | N/A | Rent |
| Myrtle Beach | $313,507.59 | $1,708.83 | 15.3 | N/A | Rent |
| Sumter | $208,094.98 | $1,367.66 | 12.7 | N/A | Rent |
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