Closing costs in Richland County among lowest in South Carolina
January 27, 2016
Closing Costs are a crucial aspect of buying a home, and in its second annual study New York financial technology company SmartAsset shows where they are lowest. The study measures closing costs as a percentage of median home value at the county level. Richland County was among those with the lowest closing costs in South Carolina, ranking number 9, in line with their rank of 9 in 2015.
For a look at how the top counties in South Carolina shook out, check out the table below:
| Rank | County | Avg. Closing Costs | Median Home Value | Closing Costs as % of Home Value | Closing Costs Index |
|---|---|---|---|---|---|
| 1 | Beaufort, SC | $4,360 | $272,900 | 1.6% | 89.29 |
| 2 | Charleston, SC | $4,122 | $236,900 | 1.7% | 87.55 |
| 3 | Dorchester, SC | $3,573 | $164,400 | 2.2% | 82.24 |
| 4 | York, SC | $3,536 | $158,700 | 2.2% | 81.57 |
| 5 | Horry, SC | $3,529 | $157,700 | 2.2% | 81.45 |
| 6 | Georgetown, SC | $3,513 | $155,300 | 2.3% | 81.15 |
| 7 | Greenville, SC | $3,508 | $154,500 | 2.3% | 81.05 |
| 8 | Berkeley, SC | $3,486 | $151,100 | 2.3% | 80.60 |
| 9 | Richland, SC | $3,465 | $148,000 | 2.3% | 80.18 |
| 10 | Lancaster, SC | $3,461 | $147,300 | 2.3% | 80.08 |
