Newberry County, South Carolina Housing Market Prices
Newberry County 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 6% below the South Carolina median$224,444
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Median rent 26% below the South Carolina median$871
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Newberry County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,444 | $239,609 | $248,835 |
| Price Trend (Annual %) | 15.1% | 8.9% | 7.5% |
| Median Gross Rent | $871 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Newberry County is about 6% lower than in South Carolina. Rent is about 26% lower 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 Newberry County, up about 15.1% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Newberry County rose about 30.5% between 2015 and 2024, from $667 to $871. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Newberry County.
Buying the median-priced home in Newberry County costs roughly 21.5 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Newberry County. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Newberry County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,444 | $239,609 | $248,835 |
| Median Household Income | $62,057 | $69,383 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Newberry County rose about 110.4%, while median household income rose about 37.5% 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 | Newberry County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.4% | 62.3% | 58.5% |
| Rental Rate | 22.2% | 24.4% | 31.2% |
| Vacancy Rate | 17.4% | 13.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Newberry County has a homeownership rate of 60.4%, lower than the South Carolina average of 62.3%. Its housing vacancy rate is 17.4%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Newberry County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1983 | 1990 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Newberry County was built around 1983. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Newberry County, SC Housing Compared With Nearby Counties
Newberry County, SC is the 3rd largest of the 4 counties compared here, 38,435 residents against a local median of 68,664. Where Newberry County, SC breaks from the counties next to it is median home price, sitting 19% above the local median of $189,062 at $224,444.
The counties themselves spread $177,535 on median home price, so Newberry County, SC sits at one end of an already wide local range rather than apart from it. Newberry County, SC has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Newberry County, SC | 38,435 | $224,444 #2/4 | $871 #3/4 | 73.1% #2/4 |
| Union County, SC | 26,885 | $189,062 | $804 | 71.3% |
| Laurens County, SC | 68,664 | $82,578 | $879 | 71.5% |
| Lexington County, SC | 304,957 | $260,113 | $1,177 | 77.4% |
Frequently Asked Questions
Common questions about the housing market in Newberry County, South Carolina.
What is the median home price in Newberry County, South Carolina?
The median home price in Newberry County, South Carolina is $224,444, lower than the South Carolina average of $239,609.
What is the average home price in Newberry County, South Carolina?
The typical home price in Newberry County, South Carolina, reported as the median sale price, is $224,444. 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 Newberry County, South Carolina?
The median gross rent in Newberry County, South Carolina is $871 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in Newberry County in 2020?
In 2020, the median gross rent in Newberry County, South Carolina was $775 per month.
What is the price-to-rent ratio in Newberry County, South Carolina?
The price-to-rent ratio in Newberry County, South Carolina is about 21.5, meaning it would take roughly 21.5 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Newberry County.
Are home prices or rent rising faster in Newberry County, South Carolina?
Both home prices and rent are rising in Newberry County, up about 15.1% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Newberry County, South Carolina?
60.4% of households in Newberry County, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Newberry County, South Carolina?
The housing vacancy rate in Newberry County, South Carolina is 17.4%, higher than the South Carolina average of 13.3%.
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