Income needed to buy a home
Cherokee County, SC
$60,035
a year in household income to buy the typical Cherokee County home with 10% down.
The monthly math
Typical home value$186,202
Down payment (10%)$18,620
Loan$167,582
Principal and interest (7.40%)$1,160/mo
Property tax (0.5% a year)$78/mo
Homeowners insurance (estimate)$93/mo
Mortgage insurance$70/mo
Total monthly cost$1,401/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
A stretch
The typical household here earns $50,288 a year, 84% of what it takes.
In South Carolina
Cherokee County ranks #15 of 46 for the income a home takes, from least to most.
Easiest to afford in South Carolina
| County | Typical home | Income needed |
|---|---|---|
| Allendale County | $75,620 | $24,392 |
| Marlboro County | $123,762 | $39,934 |
| Williamsburg County | $126,513 | $41,346 |
| Union County | $133,802 | $42,796 |
| Dillon County | $134,534 | $43,069 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.