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These days, finding an affordable place to live in the Folly Beach area can be challenging. Home prices in Folly Beach are now at a median cost of $541,688, higher than the South Carolina average of $233,397.
The average cost of rent is $1,464/mo in Folly Beach, primarily driven by the current value of real estate in the Folly Beach area. While nearly 56.99% of residents own their homes outright in Folly Beach, 19.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in Folly Beach is $6,293 per month. Households that rent pay about 23.26% of their income on rent here. Folly Beach's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Kiawah Island, SC: higher priced homes
- Johns Island, SC: less expensive homes
- Legareville, SC: less expensive homes
- Charleston, SC: less expensive homes
- Sullivans Island, SC: higher priced homes
- Fenwick Hills, SC: less expensive homes
- Wadmalaw Island, SC: less expensive homes
- Seabrook Island, SC: higher priced homes
- Rockville, SC: less expensive homes
- Yonges Island, SC: less expensive homes
Cities with Similar Populations
- Woodway, VA: less expensive homes
- Polk, OH: less expensive homes
- Allenton, WI: less expensive homes
- Sigourney, IA: less expensive homes
- Stonewood, WV: less expensive homes
- Thompsontown, PA: less expensive homes
- Farley, IA: less expensive homes
- Vernon, VT: less expensive homes
- Elmwood Place, OH: less expensive homes
- East Brookfield, MA: less expensive homes
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