Land Market Insights and Pricing in South Carolina

South Carolina's geography spans from the Atlantic coastal plain through the Piedmont to the Blue Ridge Mountains, offering a variety of landscapes for land buyers. The state features over 683 square miles of human-made lakes, providing ample waterfront property opportunities. South Carolina's humid subtropical climate varies from mild winters on the coast to cooler temperatures in the Upstate region, catering to different climate preferences. The state's income tax structure is particularly favorable for lower and middle-income earners, with no tax on the first $3,560 of income and a top marginal rate of 6.20% for income above $17,830. Property taxes are notably low, with an effective rate of 0.51%, ranking 46th lowest nationally. For those seeking homes, Horry County offers attractive options with a median household price of $260,500, below the national average, set against a backdrop of rivers, beaches, and forests. Residential property investors might consider Horry County's rapidly growing population and popularity among retirees and second-home owners. South Carolina's agricultural sector is significant, ranking 9th nationally in cotton harvested acres with over $120 million in production value. The state's economic prospects remain positive, driven by its growing population, thriving tourism industry, and expanding manufacturing sector.