Garden City, SC Housing Affordability Index
Garden City, South Carolina has an MBR Housing Affordability Index score of 116.4 (More Affordable Than Average) as of October 30, 2026, ranking 192nd most affordable of 281 scored South Carolina cities, compared with 112.4 statewide and 97.4 nationally. On a median-priced $217,400 home with 20% down, the South Carolina average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $1,186, or 30% of the city’s $47,249 median household income.
The MBR Housing Affordability Index (MBR-HAI) for Garden City 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.
Garden City is 4.1 points above the South Carolina score. Scores as of October 30, 2026. See the South Carolina index
View Garden City Mortgage RatesSee What You Can Afford in Garden City, South Carolina
Use this Garden City, South Carolina home affordability calculator to see how much house you can afford at today’s South Carolina average 30-year mortgage rate of 7.24%. A household earning the Garden City median income of $47,249, with no other debts and $43,000 down, can afford a home of about $185,032, compared with a median home value of $217,400. Buying the median priced home with 20% down takes a household income of about $57,600 once property tax and insurance are counted.
| Loan amount | $142,032 |
| Principal & interest | $968/mo |
| Property tax | $57/mo |
| Home insurance | $77/mo |
| PMI | $0/mo |
| Total monthly payment | $1,102/mo |
How much house can you afford in Garden City?
Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.
In Garden City, property taxes run about 0.37% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,137 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.
What It Takes to Buy in Garden City
Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Garden City, South Carolina. The rate is the South Carolina average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.
How Garden City Ranks in South Carolina
Cite the Garden City Score
Explore Further
Scores update each morning, computed from rate data captured the previous night. Score of 100 = national average at a 6.5% reference rate.
