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City · 5,480 residents · Colleton County, South Carolina

Walterboro , South Carolina

In Walterboro, a typical home is worth $183,500 and typical rent is $965 a month. Compared with all of Colleton County, the typical home value is 13% higher, typical household income is 10% higher, and the share of households that own their home is 23 points lower.

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  • Typical home value

    $183,500

    13% above the county

    29% below South Carolina

    • Walterboro
    • Colleton
    • South Carolina

  • Typical rent

    $965a month

    About the same as the county

    18% below South Carolina

    • Walterboro
    • Colleton
    • South Carolina

  • Typical household income

    $56,457a year

    10% above the county

    19% below South Carolina

    • Walterboro
    • Colleton
    • South Carolina

  • Households that own their home

    51%

    23 points below the county

    21 points below South Carolina

    • Walterboro
    • Colleton
    • South Carolina

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$212,459
about the same as 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Walterboro is in Colleton County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Colleton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Walterboro apart

What this place has that others do not, from public data, most unusual first.

  1. 51% of households in Walterboro own their home, against 73% in Colleton County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Walterboro

What homes there are in Walterboro, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses, standing on their own, make up 67% of homes here, against 56% in Colleton County.

Year built

The typical home in Walterboro was built in 1976, 11 years before the typical one in Colleton County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,378 a month

Colleton County: $1,364 a month

Without a mortgage

$512 a month

Colleton County: $464 a month

Owners with a mortgage

49%

Colleton County: 45%

Owning costs about the same in Walterboro as in Colleton County: with a mortgage, $1,378 a month; without one, $512.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Walterboro rose 71%; in Colleton County, it rose 80%.

Since 2015–2019, the typical rent in Walterboro rose 63%, more than in Colleton County (27%).

The typical household income in Walterboro rose 72% over that time; home values changed +71% and rent +63%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureWalterboroColleton CountySouth CarolinaUnited States
Rental vacancy Unreliable estimate14.3%8.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate4.5%2.0%3.4%
People per household 2.292.332.442.53
Drive alone 73%79%76%69%
Carpool Unreliable estimate12%9%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate6%12%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Much as in Colleton County, a household in Walterboro has 2.29 people on average.

In Walterboro, 73% of workers drive alone to work; in Colleton County, 79%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Walterboro?

A typical home is tight for the typical income

We start with a typical home in Walterboro, worth $183,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 31% of the typical household income in Walterboro, which is $56,457 a year. For that payment to be 28% of income, a household would need to earn about $63,456 a year.

The calculator's FHA and conventional loan limits are those of all of Colleton County.

Your numbers

Local data
$

Starts at the typical home value in Walterboro. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,423 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,481

at 7.18% · 30 years

Loan amount
$180,176
Total interest
$259,231
Paid off in
November 2056

Includes $3,099 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,317 a month

  • Tight

    $1,317 to $1,694 a month

    Your payment · 31%

  • Hard

    more than $1,694 a month

Compared with the typical household income in Walterboro ($56,457 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,481
Principal & interest$1,221
Property tax$102
Home insurance$77
FHA mortgage insurance (MIP)$81

You need at least $6,423 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Walterboro and Colleton County

Walterboro is in Colleton County, South Carolina. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Walterboro's own numbers

Typical home value
$183,500
Typical monthly rent
$965
Typical yearly household income
$56,457
Households that own their home
51%
Effective property tax rate
0.67%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Colleton County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$913
Price change over 5 years (FHFA)
+74%
Homes in a high flood-risk zone
13%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Colleton County.

Everything about Colleton County

Buying

Buying a home in Walterboro

A typical home in Walterboro is worth $183,500: 13% above the county and 29% below South Carolina. With the typical household income in Walterboro ($56,457 a year), a typical home costs 3.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Walterboro 3.3 years
  • Colleton 3.2 years
  • South Carolina 3.7 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Colleton County

According to FHFA’s house price index, home prices in Colleton County rose 116% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Colleton County.

Period County South Carolina U.S.
Last year (2025) +4.6% +3.6% +2.9%
5 years (2020–2025) +74% +60% +47%
10 years (2015–2025) +116% +104% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Walterboro next to Colleton County, South Carolina and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Walterboro $183,500
  • Colleton $162,500
  • South Carolina $259,000
  • United States $332,700
Typical monthly rent
  • Walterboro $965
  • Colleton $949
  • South Carolina $1,180
  • United States $1,413
Typical yearly household income
  • Walterboro $56,457
  • Colleton $51,114
  • South Carolina $69,324
  • United States $80,734
See the full table
Walterboro next to Colleton County and South Carolina
Measure Walterboro Colleton County South Carolina U.S.
Typical home value $183,500 $162,500 $259,000 $332,700
Typical monthly rent $965 $949 $1,180 $1,413
Typical yearly household income $56,457 $51,114 $69,324 $80,734
Households that own their home 51% 73% 72% 65%
Typical yearly property tax $1,222 $900 $1,251 $3,119
Effective property tax rate 0.67% 0.55% 0.48% 0.94%
Renters with high rent for their income 61% 55% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Colleton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Walterboro

For a typical $183,500 home in Walterboro, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Walterboro's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,481a month

    Least cash to close
    Down payment
    $6,423
    Cash to close
    $11,928
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $81

  • Conventional, 5% down $1,447a month

    Down payment
    $9,175
    Cash to close
    $14,680
    Rate
    7.18%
    Mortgage insurance
    PMI · $87

  • Conventional, 20% down, no PMI $1,173a month

    Down payment
    $36,700
    Cash to close
    $42,205
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,343a month

    Down payment
    $27,525
    Cash to close
    $33,030
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Walterboro and for Colleton County.

Property tax

Effective rate in Walterboro

0.67%of the home’s value each year

$1,222 a year for the typical owner in Walterboro.

  • Walterboro 0.67%
  • Colleton 0.55%
  • South Carolina 0.48%

What South Carolina publishes Special 4% assessment ratio for your legal residence (South Carolina General Assembly (South Carolina Code of Laws))

Exemptions and deadlines in South Carolina

Flood risk in Colleton County

FEMA does not publish these numbers by city: they are for all of Colleton County.

Homes in the high-risk zone
13%
2,487
Of those, with NFIP insurance
59%
County South Carolina U.S.
Homes in the high-risk zone 13% 4% 3.5%
Of those, with NFIP insurance 59% 85% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Walterboro

Typical rent in Walterboro is $965 a month: about the same as the county. In Walterboro, 61% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Colleton County, by unit size. To pay the 2-bedroom one ($913 a month) without spending more than 30% of your income, you would need to earn $17.56 an hour working full time.

HUD fair market rent for all of Colleton County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $664 $12.77 $26,560
1 bedroom $698 $13.42 $27,920
2 bedrooms $913 $17.56 $36,520
3 bedrooms $1,088 $20.92 $43,520
4 bedrooms $1,323 $25.44 $52,920

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Walterboro

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Walterboro is in ZIP code 29488.

For 2 bedrooms it is $900: $13 less than the fair market rent for Colleton County ($913).

  • 29488 $900$1,070

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Walterboro when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Walterboro

HUD lists 10 buildings with rents for lower incomes in Walterboro. These are the largest.

  • COLLETON HEIGHTS (a/k/a DRUID HILLS I) 300 Sniders Hwy, Walterboro 29488 80 low-income homes · For families (843) 538-3665
  • Walterboro Village Associates, Alp 501 Greenpond Hwy, Walterboro 29488 68 low-income homes · For families (843) 549-2732
  • Druid Hills II Apartments 189 Beach Rd, Walterboro 29488 64 low-income homes · For families (843) 538-3522
  • Lincoln Apartments 404 Witsell St, Walterboro 29488 64 low-income homes · For families (842) 549-1022
  • Bay Meadows Apartments 200 Dorsey St, Walterboro 29488 48 low-income homes · 1 bd: 24 · 2 bd: 24 · In service since 2016 · For families

See all 10 buildings in Colleton County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Walterboro

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Colleton County. The nearest ones are below; many serve by phone or online.

A man smiles on a bench outside his apartment building.

HUD counseling is free or low-cost

Assistance programs in Walterboro

1 program is for Walterboro or Colleton County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in South Carolina: they work in Walterboro the same as in the rest of the state.

Which programs do I qualify for? All programs in South Carolina

  • County First Initiative

    For Colleton County

    South Carolina state agency rural initiative for certain counties: an FHA, USDA or VA mortgage at a special fixed rate with forgivable down payment assistance, for first-time buyers and for people who have owned a home before. Offered by SC Housing (South Carolina State Housing Finance and Development Authority).

    Forgivable

    See the program Official page

  • Palmetto Home Advantage

    Statewide in South Carolina

    South Carolina state agency program with forgivable down payment assistance of 0%, 3% or 4% of the loan, with no monthly payments, for any buyer in all 46 counties. Offered by SC Housing (South Carolina State Housing Finance and Development Authority).

    Forgivable

    See the program Official page

  • SC Housing Homebuyer Program

    Statewide in South Carolina

    South Carolina state agency fixed-rate mortgage with forgivable help for the down payment, closing costs or prepaid expenses: a 0% second mortgage with no monthly payments, forgiven if you live in the home 15 years. Offered by SC Housing (South Carolina State Housing Finance and Development Authority).

    Forgivable

    See the program Official page

Housing counselors near Walterboro

The HUD-approved agencies closest to the center of Walterboro, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • CCCS of the Savannah Area, Inc.- SC Branch

    15 Sams Point Rd, Beaufort · 33 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (843) 379-2227

  • Origin SC

    8084 Rivers Ave, North Charleston · 37 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (843) 628-3000

  • Increasing H.o.p.e. Financial Training Center

    8570 Rivers Ave, North Charleston · 37 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (843) 225-4343

All counseling agencies in South Carolina

Help in Spanish near Walterboro

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Walterboro

HUD lists no housing authority with an office in Colleton County. One in a neighboring county or the state’s may serve the area.

All housing agencies in South Carolina Source: HUD

Cities

Nearby cities

The cities closest to Walterboro, with the typical home value.

Everything about Colleton County Housing in South Carolina

Neighboring counties

If Colleton County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Walterboro.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Walterboro

Short answers with the numbers for Walterboro and all of Colleton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Walterboro?

The typical home value in Walterboro is $183,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Colleton County it is $162,500.

How much does it cost to rent in Walterboro?

Typical rent in Walterboro is $965 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Colleton County is $913.

What is the FHA loan limit in Walterboro?

Walterboro uses the FHA limit for all of Colleton County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Walterboro?

The typical homeowner in Walterboro pays $1,222 a year, according to the U.S. Census Bureau. That is 0.67% of the home’s value; in Colleton County, the rate is 0.55%.

Where can I find free help to buy or rent in Walterboro?

We found no HUD-approved counseling agencies with an office in Colleton County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).