Quick facts: Lyman, SC

Quick Facts

102.3
Cost of Living
above US average
6,510
Population
10.75
Crime Rate per 1000
below US average
$76,723
Median Income
below US average
$318,490
Median House Price
above US average
$1822.5
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $76,723.

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Income Needed to Buy

βœ— Stretch
$100k/year
Based on $318,490 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $100k vs median $76,723
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Income Needed to Rent

⚠ Stretch
$78k/year
Based on $1822.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $78k vs median $76,723
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lyman, SC

Lyman is a small town located in Spartanburg County, South Carolina. Nestled within the foothills of the Appalachian Mountains, Lyman offers a charming Southern community atmosphere. With a population of just over 3,000 residents, it is known for its friendly neighborhoods and strong community spirit. The town is primarily residential, featuring a mix of historic homes and newer developments. Nature lovers can enjoy the nearby scenic landscapes and parks, including opportunities for hiking and outdoor activities in the surrounding area. Lyman is conveniently situated near major highways, providing easy access to larger cities like Spartanburg and Greenville, making it an ideal spot for those looking to enjoy a peaceful lifestyle while still being close to urban amenities. Local dining options, shops, and services cater to the residents' needs, and the community often hosts events that bring people together. Lyman's proximity to larger city attractions and its small-town charm make it a desirable place to live in South Carolina.

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