Hilton Head Island, South Carolina Housing Market Prices
Hilton Head Island 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 40% above the South Carolina median$335,939
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Median rent 26% above the South Carolina median$1,484
Housing Market Overview
| Metric | Hilton Head Island | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,939 | $239,609 | $248,835 |
| Price Trend (Annual %) | -2.6% | 8.9% | 7.5% |
| Median Gross Rent | $1,484 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hilton Head Island is about 40% higher than in South Carolina. Rent is about 26% higher than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Hilton Head Island: home prices fell about 2.6% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
Median rent in Hilton Head Island rose about 39.0% between 2015 and 2024, from $1,068 to $1,484. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in Hilton Head Island.
Buying the median-priced home in Hilton Head Island costs roughly 18.9 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 Hilton Head Island. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Hilton Head Island | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,939 | $239,609 | $248,835 |
| Median Household Income | $95,574 | $69,383 | $80,455 |
| Price-to-Income Ratio | 3.5 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hilton Head Island rose about 9.7%, while median household income rose about 38.9% between 2009 and 2025 — 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 | Hilton Head Island | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.0% | 62.3% | 58.5% |
| Rental Rate | 12.9% | 24.4% | 31.2% |
| Vacancy Rate | 40.1% | 13.3% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Hilton Head Island has a homeownership rate of 47.0%, lower than the South Carolina average of 62.3%. Its housing vacancy rate is 40.1%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Hilton Head Island | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.03 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1991 | 1990 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Hilton Head Island was built around 1991. On average, 2.0 people live in a home with about 5.2 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hilton Head Island, South Carolina.
What is the median home price in Hilton Head Island, South Carolina?
The median home price in Hilton Head Island, South Carolina is $335,939, higher than the South Carolina average of $239,609.
What is the average home price in Hilton Head Island, South Carolina?
The typical home price in Hilton Head Island, South Carolina, reported as the median sale price, is $335,939. 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 Hilton Head Island, South Carolina?
The median gross rent in Hilton Head Island, South Carolina is $1,484 per month, higher than the South Carolina average of $1,179.
What was the median gross rent in Hilton Head Island in 2020?
In 2020, the median gross rent in Hilton Head Island, South Carolina was $1,315 per month.
What is the price-to-rent ratio in Hilton Head Island, South Carolina?
The price-to-rent ratio in Hilton Head Island, South Carolina is about 18.9, meaning it would take roughly 18.9 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 Hilton Head Island.
Are home prices or rent rising faster in Hilton Head Island, South Carolina?
Home prices and rent are moving in opposite directions in Hilton Head Island: home prices fell about 2.6% a year while rent rose about 3.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Hilton Head Island, South Carolina?
47.0% of households in Hilton Head Island, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Hilton Head Island, South Carolina?
The housing vacancy rate in Hilton Head Island, South Carolina is 40.1%, higher than the South Carolina average of 13.3%.
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