Mortgage payment estimates, closing cost breakdowns, and homebuying data for Aiken, South Carolina.
Median Home Price
$245K
Population
31K
Avg Monthly Rent
$1,080
Property Tax Rate
0.57% *
* Property tax shown is the South Carolina state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Aiken.
Aiken vs South Carolina Median
The median home price in Aiken is $245,000, which is 20% below the South Carolina state median of $305,000.
Mortgage Calculator — Aiken, SC
Pre-filled with Aiken median home price and South Carolina tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $245K home using South Carolina's 0.57% tax rate and $2,600/yr insurance.
5% Down
$1,940/mo
Down: $12,250
Loan: $233K
P&I: $1,471
Tax: $116
Insurance: $217
PMI: $136
10% Down
$1,855/mo
Down: $24,500
Loan: $221K
P&I: $1,394
Tax: $116
Insurance: $217
PMI: $129
20% Down (No PMI)
$1,572/mo
Down: $49,000
Loan: $196K
P&I: $1,239
Tax: $116
Insurance: $217
Income needed (28% rule): $67K/year with 20% down, $80K/year with 10% down.
Rent vs Buy in Aiken
Rent
$1,080/mo
vs
Buy (10% down)
$1,855/mo
Price-to-rent ratio: 18.9 — A ratio between 15-20 means the rent vs buy decision in Aiken depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Aiken is $245,000, 20% below the South Carolina state median of $305,000. With a population of 31,249, Aiken is a smaller market where home prices tend to be more accessible than in many parts of South Carolina.
Property taxes in South Carolina average 0.57% annually. This low property tax rate is a significant advantage for Aiken buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in South Carolina runs approximately $2,600 per year. This is within the normal range nationally.
Average rent in Aiken is $1,080/month. The price-to-rent ratio in Aiken is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Aiken offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with South Carolina's SC Housing Palmetto Home program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Aiken.