Lancaster County, South Carolina Housing Market
In Lancaster County, South Carolina, the median home value is $329,900, with a median monthly rent of $959. This places Lancaster County at #492 nationally out of 3134 counties by median home value, and #4 within South Carolina.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,315
- Establishments: 2,262
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,110
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 42,218 (avg $85,043)
- Outflow: 38,258 (avg $83,272)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Lancaster County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 29707 | 299.1 | +2.96% | 2025 |
| 2 | 29720 | 258.7 | +0.82% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lancaster County Compares
| Metric | Lancaster County | South Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $329,900 | $199,732 | $227,706 |
| Median Gross Rent | $959 | $984 | $968 |
| Owner Occupancy Rate | 83.3% | 73.2% | 73.3% |
| Price/Rent Ratio | 28.7 | 16.3 | 18.7 |
Market Analysis
The median home value in Lancaster County is 65.2% above the South Carolina state average and 44.9% above the U.S. national average. The median rent of $959/month is 2.5% below the state average.
With a price-to-rent ratio of 28.7, Lancaster County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Lancaster County has an owner-occupancy rate of 83.3%, compared to 73.2% in South Carolina and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Churchill County | Nevada | $329,900 | $1,319 |
| Santa Rosa County | Florida | $329,800 | $1,544 |
| Spencer County | Kentucky | $330,000 | $987 |
| Tulare County | California | $330,100 | $1,280 |
| Sweet Grass County | Montana | $330,100 | $1,149 |
Other Counties in South Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Dorchester County | $329,300 | $1,463 | 75.5% |
| Jasper County | $325,500 | $1,328 | 77.2% |
| Berkeley County | $310,300 | $1,654 | 74.5% |
| Greenville County | $299,000 | $1,262 | 68.9% |
| York County | $361,300 | $1,387 | 74.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).