Quick facts: Vance, SC

Quick Facts

102.3
Cost of Living
above US average
124
Population
Crime rate Data is updating, will be available soon
$26,250
Median Income
below US average
$400,000
Median House Price
above US average
$1495.0
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 $26,250.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $400,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $26,250
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Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1495.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $26,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Vance, SC

Vance is a small, unincorporated community located in Orangeburg County, South Carolina. Nestled in the heart of the state, Vance is characterized by its rural charm and close-knit atmosphere. The area is primarily residential, surrounded by lush landscapes and typical southern scenery, including pine forests and fields of cotton and corn. While Vance may not boast many amenities, it offers a peaceful lifestyle away from the hustle and bustle of larger cities. Nearby, the city of Orangeburg serves as the county seat and provides more extensive services and attractions. Residents of Vance have access to schools, shopping, and dining options in Orangeburg, which is just a short drive away. Additionally, the region is rich in history, with several historical sites and parks that reflect the cultural heritage of South Carolina. Outdoor enthusiasts can enjoy recreational activities in the surrounding areas, such as fishing, hiking, and exploring local wildlife. Overall, Vance can be an appealing option for those seeking a quiet, rural lifestyle with easy access to nearby urban conveniences.

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