McCormick County, South Carolina Housing Market
In McCormick County, South Carolina, the median home value is $168,700, with a median monthly rent of $696. This places McCormick County at #1830 nationally out of 3134 counties by median home value, and #26 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: $784
- Establishments: 270
- BLS QCEW, 2025
Housing Supply
- Single-family: 119
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,128 (avg $80,885)
- Outflow: 3,547 (avg $75,761)
- IRS Statistics of Income
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| Metric | McCormick County | South Carolina Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $168,700 | $199,732 | $227,706 |
| Median Gross Rent | $696 | $984 | $968 |
| Owner Occupancy Rate | 87.9% | 73.2% | 73.3% |
| Price/Rent Ratio | 20.2 | 16.3 | 18.7 |
Market Analysis
The median home value in McCormick County is 15.5% below the South Carolina state average and 25.9% below the U.S. national average. The median rent of $696/month is 29.3% below the state average.
With a price-to-rent ratio of 20.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
McCormick County has an owner-occupancy rate of 87.9%, 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 |
|---|---|---|---|
| Upson County | Georgia | $168,700 | $849 |
| Owen County | Kentucky | $168,700 | $830 |
| San Saba County | Texas | $168,700 | $958 |
| Meriwether County | Georgia | $168,800 | $920 |
| Ozark County | Missouri | $168,600 | $631 |
Other Counties in South Carolina
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Laurens County | $170,600 | $880 | 71.5% |
| Sumter County | $165,300 | $1,057 | 68.1% |
| Calhoun County | $172,100 | $1,052 | 85.0% |
| Newberry County | $173,300 | $872 | 73.1% |
| Colleton County | $162,500 | $949 | 73.3% |
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).