Fort Mill, South Carolina Housing Market Prices
Fort Mill Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 43% above the South Carolina median$343,012
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Median rent 34% above the South Carolina median$1,582
Housing Market Overview
| Metric | Fort Mill | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $343,012 | $239,609 | $248,835 |
| Price Trend (Annual %) | 29.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,582 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 7.3% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fort Mill is about 43% higher than in South Carolina. Rent is about 34% higher than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Fort Mill, up about 29.3% and 7.3% a year respectively. Home prices are changing faster.
Median rent in Fort Mill rose about 77.6% between 2015 and 2024, from $891 to $1,582. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Fort Mill.
Buying the median-priced home in Fort Mill costs roughly 18.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Fort Mill. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Fort Mill | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $343,012 | $239,609 | $248,835 |
| Median Household Income | $113,076 | $69,383 | $80,455 |
| Price-to-Income Ratio | 3.0 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fort Mill rose about 220.9%, while median household income rose about 65.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Fort Mill | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 77.8% | 62.3% | 58.5% |
| Rental Rate | 19.3% | 24.4% | 31.2% |
| Vacancy Rate | 2.9% | 13.3% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Fort Mill has a homeownership rate of 77.8%, higher than the South Carolina average of 62.3%. Its housing vacancy rate is 2.9%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Fort Mill | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 2001 | 1990 | 1978 |
| Median Number of Rooms | 6.6 | 5.7 | 5.5 |
The typical housing unit in Fort Mill was built around 2001. On average, 2.7 people live in a home with about 6.6 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fort Mill, South Carolina.
What is the median home price in Fort Mill, South Carolina?
The median home price in Fort Mill, South Carolina is $343,012, higher than the South Carolina average of $239,609.
What is the average home price in Fort Mill, South Carolina?
The typical home price in Fort Mill, South Carolina, reported as the median sale price, is $343,012. 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 Fort Mill, South Carolina?
The median gross rent in Fort Mill, South Carolina is $1,582 per month, higher than the South Carolina average of $1,179.
What was the median gross rent in Fort Mill in 2020?
In 2020, the median gross rent in Fort Mill, South Carolina was $1,119 per month.
What is the price-to-rent ratio in Fort Mill, South Carolina?
The price-to-rent ratio in Fort Mill, South Carolina is about 18.1, meaning it would take roughly 18.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Fort Mill.
Are home prices or rent rising faster in Fort Mill, South Carolina?
Both home prices and rent are rising in Fort Mill, up about 29.3% and 7.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fort Mill, South Carolina?
77.8% of households in Fort Mill, South Carolina own their home, higher than the South Carolina average of 62.3%.
What is the vacancy rate in Fort Mill, South Carolina?
The housing vacancy rate in Fort Mill, South Carolina is 2.9%, lower than the South Carolina average of 13.3%.
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