Louisiana vs South Carolina: Mortgage & Housing Costs
Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Louisiana and South Carolina. Updated for 2026.
Metric
Louisiana
South Carolina
Median Home Price
$195K
$305K
Property Tax Rate
0.55%
0.57%
Avg Closing Costs
$3K
$4K
Closing Cost %
1.6%
1.3%
Transfer Tax
None
0.37%
Homeowners Insurance
$3,500/yr
$2,600/yr
First-Time Buyer Program
LHC Resilience Soft Second
Up to $55,000 forgivable
SC Housing Palmetto Home
Up to $8,000 forgivable
Verdict
Louisiana wins 4 of 6 cost categories, making it the more affordable state for homebuyers overall. With a median home price of $195K and lower overall costs, Louisiana offers meaningful savings compared to South Carolina. Both states offer first-time buyer programs — explore the state pages for full details.