Oconee County, South Carolina Housing Market Prices
Oconee 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.
-
Median home price 50% below the South Carolina median$120,098
-
Median rent 25% below the South Carolina median$880
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Oconee County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,098 | $239,609 | $248,835 |
| Price Trend (Annual %) | -2.9% | 8.9% | 7.5% |
| Median Gross Rent | $880 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oconee County is about 50% lower than in South Carolina. Rent is about 25% lower 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 Oconee County: home prices fell about 2.9% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
Median rent in Oconee County rose about 31.4% between 2015 and 2024, from $669 to $880. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Oconee County.
Buying the median-priced home in Oconee County costs roughly 11.4 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 Oconee County. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Oconee County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $120,098 | $239,609 | $248,835 |
| Median Household Income | $63,288 | $69,383 | $80,455 |
| Price-to-Income Ratio | 1.9 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oconee County fell about 33.0%, while median household income rose about 44.7% 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 | Oconee County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.5% | 62.3% | 58.5% |
| Rental Rate | 19.5% | 24.4% | 31.2% |
| Vacancy Rate | 18.0% | 13.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Oconee County has a homeownership rate of 62.5%, about the same as the South Carolina average of 62.3%. Its housing vacancy rate is 18.0%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Oconee County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1987 | 1990 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Oconee County was built around 1987. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Oconee County, SC Housing Compared With Nearby Counties
How Oconee County, SC compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oconee County, SC | 80,589 | $120,098 #3/3 | $880 #3/3 | 76.2% #2/3 |
| Rabun County, GA | 17,312 | $398,863 | $1,046 | 77.1% |
| Pickens County, SC | 134,527 | $268,520 | $971 | 70.9% |
Frequently Asked Questions
Common questions about the housing market in Oconee County, South Carolina.
What is the median home price in Oconee County, South Carolina?
The median home price in Oconee County, South Carolina is $120,098, lower than the South Carolina average of $239,609.
What is the average home price in Oconee County, South Carolina?
The typical home price in Oconee County, South Carolina, reported as the median sale price, is $120,098. 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 Oconee County, South Carolina?
The median gross rent in Oconee County, South Carolina is $880 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in Oconee County in 2020?
In 2020, the median gross rent in Oconee County, South Carolina was $761 per month.
What is the price-to-rent ratio in Oconee County, South Carolina?
The price-to-rent ratio in Oconee County, South Carolina is about 11.4, meaning it would take roughly 11.4 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 Oconee County.
Are home prices or rent rising faster in Oconee County, South Carolina?
Home prices and rent are moving in opposite directions in Oconee County: home prices fell about 2.9% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Oconee County, South Carolina?
62.5% of households in Oconee County, South Carolina own their home, about the same as the South Carolina average.
What is the vacancy rate in Oconee County, South Carolina?
The housing vacancy rate in Oconee County, South Carolina is 18.0%, higher than the South Carolina average of 13.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →