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These days, finding an affordable place to live in the Hilton Head Island area can be challenging. Home prices in Hilton Head Island are now at a median cost of $673,761, higher than the South Carolina average of $296,593.
The average cost of rent is $1,706/mo in Hilton Head Island, primarily driven by the current value of real estate in the Hilton Head Island area. In Hilton Head Island, 20.78% of households rent, and 48.59% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hilton Head Island is $8,861 per month. Households that rent pay about 19.25% of their income on rent here. Hilton Head Island’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Brighton Beach, SC: less expensive homes
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- Port Royal, SC: less expensive homes
- Pritchardville, SC: equally priced homes
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- Lands End, SC: less expensive homes
- St. Helena Island, SC: less expensive homes
- Limehouse, SC: less expensive homes
Cities with Similar Populations
- Atlantic City, NJ: less expensive homes
- Woburn, MA: equally priced homes
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- Wenatchee, WA: less expensive homes
- Villa Rica, GA: less expensive homes
- Vicksburg, MS: less expensive homes
- Summit, AZ: less expensive homes
- South Valley, NM: less expensive homes
- Shrewsbury, MA: less expensive homes
- Long Beach, NY: equally priced homes
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