Quick facts: Heath springs, SC

Quick Facts

102.3
Cost of Living
above US average
802
Population
27.43
Crime Rate per 1000
above US average
$48,462
Median Income
below US average
$239,900
Median House Price
above US average
$1000.0
Average Rent
below US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $48,462.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $239,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $48,462
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Income Needed to Rent

βœ“ Affordable
$43k/year
Based on $1000.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($48,462) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Heath springs, SC

Heath Springs is a small town located in Lancaster County, South Carolina. With a quaint population of around 600 residents, it embodies a tight-knit community spirit. Situated northeast of the larger city of Lancaster, Heath Springs offers a serene atmosphere surrounded by picturesque landscapes typical of the Carolinas. The town features a mix of historical charm and rural beauty, with key attractions including the historic downtown area, which showcases classic southern architecture and local businesses. The nearby Catawba River provides opportunities for outdoor activities like fishing, kayaking, and hiking. Heath Springs is also known for its friendly community events, like the annual Heath Springs Christmas Parade and local farmers' markets, fostering a sense of camaraderie among residents. The town is served by the Lancaster County School District, providing educational facilities for local children. Rich in history, Heath Springs has deep roots dating back to the 19th century, making it a place where tradition meets modern living. With its peaceful ambiance and welcoming environment, Heath Springs represents the quintessential small-town life in South Carolina.

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