Rock Hill, South Carolina Housing Market Prices
Rock Hill 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 35% below the South Carolina median$156,064
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Median rent 11% above the South Carolina median$1,305
Housing Market Overview
| Metric | Rock Hill | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,064 | $239,609 | $248,835 |
| Price Trend (Annual %) | 10.1% | 8.9% | 7.5% |
| Median Gross Rent | $1,305 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rock Hill is about 35% lower than in South Carolina. Rent is about 11% 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 Rock Hill, up about 10.1% and 5.8% a year respectively. Home prices are changing faster.
Median rent in Rock Hill rose about 65.1% between 2015 and 2024, from $791 to $1,305. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Rock Hill.
Buying the median-priced home in Rock Hill costs roughly 10.0 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 Rock Hill. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Rock Hill | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $156,064 | $239,609 | $248,835 |
| Median Household Income | $66,220 | $69,383 | $80,455 |
| Price-to-Income Ratio | 2.4 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rock Hill rose about 60.5%, while median household income rose about 49.1% 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 | Rock Hill | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.1% | 62.3% | 58.5% |
| Rental Rate | 40.5% | 24.4% | 31.2% |
| Vacancy Rate | 8.3% | 13.3% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Rock Hill has a homeownership rate of 51.1%, lower than the South Carolina average of 62.3%. Its housing vacancy rate is 8.3%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Rock Hill | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1988 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.7 | 5.5 |
The typical housing unit in Rock Hill was built around 1988. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rock Hill, South Carolina.
What is the median home price in Rock Hill, South Carolina?
The median home price in Rock Hill, South Carolina is $156,064, lower than the South Carolina average of $239,609.
What is the average home price in Rock Hill, South Carolina?
The typical home price in Rock Hill, South Carolina, reported as the median sale price, is $156,064. 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 Rock Hill, South Carolina?
The median gross rent in Rock Hill, South Carolina is $1,305 per month, higher than the South Carolina average of $1,179.
What was the median gross rent in Rock Hill in 2020?
In 2020, the median gross rent in Rock Hill, South Carolina was $995 per month.
What is the price-to-rent ratio in Rock Hill, South Carolina?
The price-to-rent ratio in Rock Hill, South Carolina is about 10.0, meaning it would take roughly 10.0 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 Rock Hill.
Are home prices or rent rising faster in Rock Hill, South Carolina?
Both home prices and rent are rising in Rock Hill, up about 10.1% and 5.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rock Hill, South Carolina?
51.1% of households in Rock Hill, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Rock Hill, South Carolina?
The housing vacancy rate in Rock Hill, South Carolina is 8.3%, lower than the South Carolina average of 13.3%.
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