Wade Hampton, South Carolina Housing Market Prices
Wade Hampton 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$341,567
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Median rent 2% below the South Carolina median$1,156
Housing Market Overview
| Metric | Wade Hampton | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $341,567 | $239,609 | $248,835 |
| Price Trend (Annual %) | 24.4% | 8.9% | 7.5% |
| Median Gross Rent | $1,156 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wade Hampton is about 43% higher than in South Carolina. Rent is about 2% 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 Wade Hampton, up about 24.4% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Wade Hampton rose about 56.7% between 2015 and 2024, from $738 to $1,156. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Wade Hampton.
Buying the median-priced home in Wade Hampton costs roughly 24.6 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 Wade Hampton. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Wade Hampton | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $341,567 | $239,609 | $248,835 |
| Median Household Income | $77,662 | $69,383 | $80,455 |
| Price-to-Income Ratio | 4.4 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Wade Hampton rose about 263.8%, while median household income rose about 55.9% 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 | Wade Hampton | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.9% | 62.3% | 58.5% |
| Rental Rate | 34.1% | 24.4% | 31.2% |
| Vacancy Rate | 7.9% | 13.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Wade Hampton has a homeownership rate of 57.9%, lower than the South Carolina average of 62.3%. Its housing vacancy rate is 7.9%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Wade Hampton | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1975 | 1990 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Wade Hampton was built around 1975. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Wade Hampton, SC Housing Compared With Nearby Cities
How Wade Hampton, SC compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Wade Hampton, SC | 22,508 | $341,567 #1/3 | $1,156 #3/3 | 62.9% #2/3 |
| Taylors, SC | 21,768 | $266,008 | $1,329 | 73.7% |
| Greenville, SC | 73,880 | $288,615 | $1,293 | 46.1% |
Frequently Asked Questions
Common questions about the housing market in Wade Hampton, South Carolina.
What is the median home price in Wade Hampton, South Carolina?
The median home price in Wade Hampton, South Carolina is $341,567, higher than the South Carolina average of $239,609.
What is the average home price in Wade Hampton, South Carolina?
The typical home price in Wade Hampton, South Carolina, reported as the median sale price, is $341,567. 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 Wade Hampton, South Carolina?
The median gross rent in Wade Hampton, South Carolina is $1,156 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in Wade Hampton in 2020?
In 2020, the median gross rent in Wade Hampton, South Carolina was $930 per month.
What is the price-to-rent ratio in Wade Hampton, South Carolina?
The price-to-rent ratio in Wade Hampton, South Carolina is about 24.6, meaning it would take roughly 24.6 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 Wade Hampton.
Are home prices or rent rising faster in Wade Hampton, South Carolina?
Both home prices and rent are rising in Wade Hampton, up about 24.4% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Wade Hampton, South Carolina?
57.9% of households in Wade Hampton, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Wade Hampton, South Carolina?
The housing vacancy rate in Wade Hampton, South Carolina is 7.9%, lower than the South Carolina average of 13.3%.
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