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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Folly Beach, SC Housing Affordability Index

Folly Beach, South Carolina has an MBR Housing Affordability Index score of 67.3 (Significantly Less Affordable) as of October 30, 2026, ranking 279th most affordable of 281 scored South Carolina cities, compared with 112.4 statewide and 97.4 nationally. On a median-priced $1,000,000 home with 20% down, the South Carolina average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $5,454, or 64% of the city’s $102,279 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Folly Beach is updated every night from live South Carolina mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Folly Beach MBR-HAI 67.3 Significantly Less Affordable
Rank in South Carolina 279 of 281 1 = most affordable
South Carolina 112.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.24% South Carolina lenders
Median home value $1,000,000 U.S. Census Bureau

Folly Beach is 45.0 points below the South Carolina score. Scores as of October 30, 2026. See the South Carolina index

View Folly Beach Mortgage Rates

What It Takes to Buy in Folly Beach

$5,454/mo
Principal & Interest
Median home, 20% down, 7.24%
$233,700
Income Needed
To keep the payment at 28% of income
$102,279
Median Household Income
South Carolina: $69,324
9.8x
Price-to-Income Ratio
South Carolina: 3.7x
$1,867/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,281/yr
Median Property Tax
0.33% of median value
25.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
100.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Folly Beach, South Carolina. The rate is the South Carolina average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Folly Beach Ranks in South Carolina

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Cite the Folly Beach Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Folly Beach, South Carolina score: 67.3 (Significantly Less Affordable), ranked 279 of 281 South Carolina cities. monitorbankrates.com/housing-affordability-index/south-carolina/folly-beach”