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These days, finding an affordable place to live in the Anderson area can be challenging. Home prices in Anderson are now at a median cost of $237,620, lower than the South Carolina average of $296,593.
The average cost of rent is $1,118/mo in Anderson, primarily driven by the current value of real estate in the Anderson area. In Anderson, 29.33% of households rent, and 43.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Anderson is $5,916 per month. Households that rent pay about 18.90% of their income on rent here. Anderson’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Centerville, SC: equally priced homes
- Northlake, SC: higher priced homes
- Homeland Park, SC: less expensive homes
- Hammond, SC: less expensive homes
- White Plains, SC: equally priced homes
- Belton, SC: less expensive homes
- La France, SC: equally priced homes
- Pendleton, SC: higher priced homes
- Saylors Crossroads, SC: less expensive homes
- Williamston, SC: less expensive homes
Cities with Similar Populations
- Wilmington, DE: higher priced homes
- St. Louis, MO: higher priced homes
- Suffolk, VA: higher priced homes
- St. Petersburg, FL: higher priced homes
- Staten Island, NY: higher priced homes
- Stamford, CT: higher priced homes
- Springfield, MO: less expensive homes
- St. Charles, MO: higher priced homes
- Stafford, VA: higher priced homes
- St. Cloud, FL: higher priced homes
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