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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

Gaffney, SC Housing Affordability Index

Gaffney, South Carolina has an MBR Housing Affordability Index score of 129.6 (Highly Affordable) as of October 30, 2026, ranking 134th most affordable of 281 scored South Carolina cities, compared with 112.4 statewide and 97.4 nationally. On a median-priced $137,700 home with 20% down, the South Carolina average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $751, or 22% of the city’s $41,089 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Gaffney 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.

Gaffney MBR-HAI 129.6 Highly Affordable
Rank in South Carolina 134 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 $137,700 U.S. Census Bureau

Gaffney is 17.3 points above the South Carolina score. Scores as of October 30, 2026. See the South Carolina index

View Gaffney Mortgage Rates

What It Takes to Buy in Gaffney

$751/mo
Principal & Interest
Median home, 20% down, 7.24%
$32,200
Income Needed
To keep the payment at 28% of income
$41,089
Median Household Income
South Carolina: $69,324
3.4x
Price-to-Income Ratio
South Carolina: 3.7x
$654/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$841/yr
Median Property Tax
0.61% of median value
33.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
42.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Gaffney Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Gaffney, South Carolina score: 129.6 (Highly Affordable), ranked 134 of 281 South Carolina cities. monitorbankrates.com/housing-affordability-index/south-carolina/gaffney”