Quick facts: Greenwood, SC

Quick Facts

102.3
Cost of Living
above US average
22,454
Population
48.1
Crime Rate per 1000
above US average
$38,884
Median Income
below US average
$319,000
Median House Price
above US average
$1758.69
Average Rent
above US average
17%
Poverty Rate
above US average
4.1%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $38,884.

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Income Needed to Buy

βœ— Stretch
$100k/year
Based on $319,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $100k vs median $38,884
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1758.69/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $38,884
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Greenwood, SC

Greenwood, South Carolina, is a charming city known for its rich history and vibrant community. Located in the Piedmont region of the state, Greenwood serves as the county seat of Greenwood County. The city boasts a distinctive blend of southern hospitality and modern amenities. One of the hallmark attractions in Greenwood is Lake Hartwell, offering numerous recreational activities like fishing, boating, and hiking. The city is also home to the annual SC Festival of Flowers, a celebration of floral beauty and community spirit. The downtown area features a variety of shops, restaurants, and cultural venues, including the Arts Center and the historic Emerald Home. Greenwood has a strong educational presence, with Lander University contributing to the local culture and economy. The area's parks and green spaces, such as the picturesque Greenwood Community Park, provide residents and visitors alike with areas to relax and enjoy nature. Overall, Greenwood presents a welcoming environment with a rich tapestry of cultural events, outdoor activities, and community-centric living, making it a delightful place to visit or call home.

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