CALCMONEY // HOME AFFORDABILITY // SC // GREENVILLE
How much house can you afford in Greenville? Based on local median home prices, current SC mortgage rates, and Greenville property tax data.
$340,000
$2,080/mo
$89,160/yr
$264,007
Monthly housing costs of $2,080 represent 34.7% of Greenville's median gross monthly income ($6,000/mo). At 34.7%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $340,000 |
| Down Payment (20%) | $68,000 |
| Loan Amount | $272,000 |
| Monthly PI Payment | $1,791 |
| Monthly Property Tax | $147 |
| Monthly Insurance Est. | $142 |
| Total Monthly PITI | $2,080 |
| Housing Cost % of Income | 34.7% |
| Required Income (28% rule) | $89,160/yr |
| Max Affordable Home | $264,007 |
$11,900
$2,682/mo
Greenville Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $340,000 | Greenville city median |
| Down Payment (20%) | $68,000 | Conventional loan |
| Monthly PITI | $2,080 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $89,160 | Annual gross |
| Max Affordable Home | $264,007 | Based on median income |
| FHA Down (3.5%) | $11,900 | Minimum FHA |
| Housing Cost % of Income | 34.7% | Median income: $72,000/yr |
| Property Tax Rate | 0.52% | $1,768/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Greenville is $340,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $272,000, generating a monthly P&I payment of $1,791. Adding property taxes ($147/mo) and homeowners insurance ($142/mo) brings total monthly PITI to $2,080.
Greenville's property tax rate of 0.52% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Greenville median home, that is $147/month, or $1,768 per year.
South Carolina levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Greenville should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Greenville's median income of $72,000/year can afford up to $1,680/month in total housing costs. Based on Greenville's mortgage rate of 6.9% and property tax rate of 0.52%, that translates to a maximum affordable home price of approximately $264,007 with 20% down on a 30-year loan.
To afford the median Greenville home priced at $340,000, you need an annual gross income of approximately $89,160. Total monthly housing costs (principal and interest of $1,791, property taxes of $147, and insurance of $142) come to $2,080/month, which equals 28% of the required income.
At the median home price of $340,000 and median household income of $72,000, the total monthly housing cost of $2,080 represents 34.7% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Greenville home of $340,000 is $68,000. An FHA loan requires just 3.5% down — $11,900 — but adds mortgage insurance of roughly $232/month, bringing total FHA payments to $2,682/month.
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