The typical home in Sumter, SC is worth about $190,000.
With 20% down that's a loan near $152,000 — the calculator
is pre-filled with that figure. Shaw Air Force Base is Sumter's largest employer, giving the local housing market a steady base of military and civilian-contractor renters and buyers. Inland and outside flood zones, it keeps some of the lowest insurance costs in the state.
$986.88 / month
Total interest
$203,276
Total paid
$355,276
Payoff
30.0 years
How much you need to earn
Sumter, SC's median household income is about
$50,000 a year. Under standard 28/36
lending rules that supports a home price around
$181,175 with 20% down —
below the $190,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Sumter, SC is about $1,050 a month, so owning the median home costs roughly
$174 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Sumter, SC?
On the metro's roughly $190,000 typical home with 20% down, the loan is about $152,000. Principal and interest run near $987 a month at today's rate, and Sumter, SC's property tax plus insurance add about $237, for a full payment near $1,224.
Can I afford a home in Sumter, SC on the median income?
The median household income is about $50,000 a year. Under standard 28/36 lending rules that supports a home price around $181,175 with 20% down — below the $190,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Sumter, SC?
Typical asking rent is about $1,050 a month. The full owner payment on a median home is near $1,224, so owning costs roughly $174 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Sumter, SC?
The effective property tax rate in the core county is about 0.55% of market value — roughly $1,045 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Sumter, SC rising or falling?
Home values are up about 2% over the past year. Shaw Air Force Base is Sumter's largest employer, giving the local housing market a steady base of military and civilian-contractor renters and buyers. Inland and outside flood zones, it keeps some of the lowest insurance costs in the state.