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:$316,923
Avg Rent:$1,588/mo
Avg Price/Rent:16.7
South Carolina Housing Market Summary
13
Cities Analyzed
6
Favor Buying
0
Favor Renting
7
Toss-Up
Across South Carolina's 13 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in South Carolina is $316,923, with average rents at $1,588/month. This gives an average price-to-rent ratio of 16.7.
$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 |
|---|---|---|---|---|---|
| Charleston | $355,000 | $1,700 | 17.4 | 8 yrs | Toss-up |
| Columbia | $345,000 | $1,550 | 18.5 | 9 yrs | Toss-up |
| North Charleston | $370,000 | $1,750 | 17.6 | 6 yrs | Toss-up |
| Mount Pleasant | $275,000 | $1,800 | 12.7 | 6 yrs | Buy |
| Rock Hill | $315,000 | $1,700 | 15.4 | 5 yrs | Buy |
| Greenville | $290,000 | $1,650 | 14.6 | 5 yrs | Buy |
| Summerville | $335,000 | $1,700 | 16.4 | 6 yrs | Buy |
| Goose Creek | $300,000 | $1,500 | 16.7 | 3 yrs | Buy |
| Hilton Head Island | $315,000 | $1,500 | 17.5 | 8 yrs | Toss-up |
| Sumter | $275,000 | $1,300 | 17.6 | 7 yrs | Toss-up |
| Florence | $330,000 | $1,300 | 21.2 | 7 yrs | Toss-up |
| Spartanburg | $335,000 | $1,600 | 17.4 | 7 yrs | Toss-up |
| Myrtle Beach | $280,000 | $1,600 | 14.6 | 3 yrs | Buy |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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