Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Calhoun County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,454 | $224,357 | $242,182 |
| Price Trend (Annual %) | 2.0% | 9.2% | 8.2% |
| Median Gross Rent | $993 | $1,126 | $1,342 |
| Rent Trend (Annual %) | 5.6% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calhoun County is about 46% lower than in South Carolina. Rent is about 12% lower than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Calhoun County, up about 2.0% and 5.6% a year respectively. Rent is changing faster.
Median rent in Calhoun County rose about 46.0% between 2015 and 2023, from $680 to $993. Over the same span, rent in South Carolina rose about 42.6%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Calhoun County.
Buying the median-priced home in Calhoun County costs roughly 10.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Calhoun County. The price-to-rent ratio in South Carolina is about 16.6.
| Metric | Calhoun County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,454 | $224,357 | $242,182 |
| Median Household Income | $56,950 | $66,957 | $78,145 |
| Price-to-Income Ratio | 2.1 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Calhoun County fell about 7.5%, while median household income rose about 50.4% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Calhoun County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.6% | 61.6% | 58.2% |
| Rental Rate | 14.1% | 24.6% | 31.3% |
| Vacancy Rate | 13.3% | 13.8% | 10.6% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Calhoun County has a homeownership rate of 72.6%, higher than the South Carolina average of 61.6%. Its housing vacancy rate is 13.3%, compared with 13.8% in South Carolina.
Housing Stock
| Metric | Calhoun County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1987 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Calhoun County was built around 1987. On average, 2.3 people live in a home with about 6.0 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Calhoun County, South Carolina.
What is the median home price in Calhoun County, South Carolina?
The median home price in Calhoun County, South Carolina is $120,454, lower than the South Carolina average of $224,357.
What is the average home price in Calhoun County, South Carolina?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Calhoun County, South Carolina?
The median gross rent in Calhoun County, South Carolina is $993 per month, lower than the South Carolina average of $1,126.
What was the median gross rent in Calhoun County in 2020?
In 2020, the median gross rent in Calhoun County, South Carolina was $665 per month.
What is the price-to-rent ratio in Calhoun County, South Carolina?
The price-to-rent ratio in Calhoun County, South Carolina is about 10.1, meaning it would take roughly 10.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Calhoun County.
Are home prices or rent rising faster in Calhoun County, South Carolina?
Both home prices and rent are rising in Calhoun County, up about 2.0% and 5.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Calhoun County, South Carolina?
72.6% of households in Calhoun County, South Carolina own their home, higher than the South Carolina average of 61.6%.
What is the vacancy rate in Calhoun County, South Carolina?
The housing vacancy rate in Calhoun County, South Carolina is 13.3%, lower than the South Carolina average of 13.8%.