Mortgage Calculator & Closing Costs: Rock Hill, SC
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Rock Hill, South Carolina.
Median Home Price
$275K
Population
74K
Avg Monthly Rent
$1,250
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 Rock Hill.
Rock Hill vs South Carolina Median
The median home price in Rock Hill is $275,000, which is 10% below the South Carolina state median of $305,000.
Mortgage Calculator — Rock Hill, SC
Pre-filled with Rock Hill median home price and South Carolina tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $275K home using South Carolina's 0.57% tax rate and $2,600/yr insurance.
5% Down
$2,151/mo
Down: $13,750
Loan: $261K
P&I: $1,651
Tax: $131
Insurance: $217
PMI: $152
10% Down
$2,056/mo
Down: $27,500
Loan: $248K
P&I: $1,564
Tax: $131
Insurance: $217
PMI: $144
20% Down (No PMI)
$1,738/mo
Down: $55,000
Loan: $220K
P&I: $1,391
Tax: $131
Insurance: $217
Income needed (28% rule): $74K/year with 20% down, $88K/year with 10% down.
Rent vs Buy in Rock Hill
Rent
$1,250/mo
vs
Buy (10% down)
$2,056/mo
Price-to-rent ratio: 18.3 — A ratio between 15-20 means the rent vs buy decision in Rock Hill 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 Rock Hill is $275,000, 10% below the South Carolina state median of $305,000. With a population of 74,410, Rock Hill 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 Rock Hill 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 Rock Hill is $1,250/month. The price-to-rent ratio in Rock Hill is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Rock Hill presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Rock Hill.