South Carolina is emerging as a favored destination for first-time homebuyers, boasting a growing job market and relatively reasonable home prices. In 2024, the average price of a starter home is reported at $287,840, requiring a household income of around $68,940 to afford comfortably. This amount is slightly below the national average and much lower than neighboring states like Florida and North Carolina. Despite a 43% rise in home prices over five years, affordability remains in focus, particularly in less tourist-heavy inland cities such as Columbia and Greenville, which are attractive for new buyers.
South Carolina's average price for a starter home is $287,840 in 2024, requiring a household income of at least $68,940 to manage payments comfortably.
While the last five years have seen a 43% increase in starter home prices in South Carolina, the state still boasts affordable options compared to nearby states.
Columbia, Greenville, and Spartanburg stand out as the best cities for first-time buyers in South Carolina, offering a mix of affordability and economic stability.
The rise in mortgage payments by 102% over five years highlights the growing demand in South Carolina, contrasting with more significant spikes elsewhere in the country.
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