Travelers Rest, SC Real Estate & Homes For Sale

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Travelers Rest Real Estate Market Facts

$155,800Median home price
8% higher than South Carolina
$648Median rent asked
20% lower than South Carolina
57.0%Home owners
17% lower than South Carolina
2.7People per home
6% higher than South Carolina

Above, you'll find an overview of the real estate market in Travelers Rest, SC. Generally, real estate in the Travelers Rest, SC area is less affordable in South Carolina, as the median price of a home in Travelers Rest, SC is $155,800, which is 8% higher than the South Carolina average. The median rental price in Travelers Rest, SC is $648. This is 20% lower than the average rental price in South Carolina. Home owners comprise 57.0% of the population of Travelers Rest, SC, where an average of 2.7 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Travelers Rest, SC. Below, you can search for real estate listings in Travelers Rest, SC using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Travelers Rest Home Affordability

$155,800Median home price
8% higher than South Carolina
$52,684Median home income
12% higher than South Carolina
3.0xHome price to income ratio
3% lower than South Carolina

When searching for real estate in Travelers Rest, SC, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Travelers Rest, SC, the median house price is $155,800, while the median income for households in the area is $52,684. Therefore, the ratio of house price to income is 3.0x; this ratio is 3% lower than the average in South Carolina. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Travelers Rest, SC.

Travelers Rest Affordability Calculator

You can afford a home up to:

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Monthly income breakdown

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Monthly payment
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Income taxes
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Finding the right home in Travelers Rest, SC means not only finding the right piece of real estate that meets your specifications, but finding a home that is priced within your individual budget requirements. Using the home affordability calculator is one of the best ways to determine your price range when seeking a Travelers Rest, SC home, by inputting your down payment, income, and debt information. An even more detailed analysis can be generated by calculating additional factors, such as mortgage rate, length of mortgage, property taxes, home insurance, and any HOA dues. After evaluating these factors, the calculator will display the price range of homes within that individual budget. Determining your price range prior to beginning your house hunt in Travelers Rest, SC will streamline the process by allowing you to seek only the homes you can comfortably afford. Using the home affordability calculator to determine your housing budget also gives you the peace of mind of knowing how much will remain in your budget for savings and other expenses.

Travelers Rest Mortgage Calculator

Your monthly payment will be:

Monthly payment breakdown

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Mortgage
PMI fees
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HOA dues

So you want to buy some real estate in Travelers Rest, SC. What can you expect to pay for it on a monthly basis? This is determined in a number of different ways. One of the biggest variables when it comes to calculating the monthly price is simply the cost of the house itself. There are other significant factors though, such as interest rates, home owner's association fees, the amount of a down payment that was put on the property, PMI (private mortgage insurance), and property taxes. You can eliminate all PMI payments by making a down payment of at least 20% on the house. Using a mortgage calculator will have all these variables available, but they will be filled out with default data. These can be tweaked and filled in with the data specifically for the home you're looking at for a better overview of the monthly cost. When buying a home, you want to keep your debt to income ratio at 36%. This means that you want to pay no more than 36% of your monthly income on your house and other debt payments.

Travelers Rest Demographics

4,903Population
1,038People / sq mile
32.4Median age
0.9:1Male/Female ratio

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Tigerville, SC	1,808	$0	100%
Judson, SC	2,091	$48,400	74%
Parker, SC	12,743	$67,700	63%
City View, SC	1,684	$70,300	62%
Welcome, SC	6,629	$82,600	55%
Travelers Rest, SC	4,903	$155,800	16%

Cities with similar population

City, State	Population	Home Price	National Avg.
Eagleton Village, TN	4,902	$110,200	40%
Brent, AL	4,902	$103,300	44%
Big Pine Key, FL	4,902	$342,000	85%
Glendale, CO	4,905	$135,200	27%
Cochran, GA	4,901	$81,000	56%
Travelers Rest, SC	4,903	$155,800	16%

Source: The Travelers Rest, SC housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).