Market Overview
Home Prices in Cheraw, SC
The median home value in Cheraw, SC is $162,884 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and down 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cheraw are priced60% below average.
Over the past five years, Cheraw home values have risen by approximately15.3%, reflecting steady appreciation in this market.
Price History
Cheraw Home Price Trend
2020
$122,544
$123K
—
2021
$141,219
$141K
+15.2%
2022
$162,627
$163K
+15.2%
2023
$169,513
$170K
+4.2%
2024
$169,207
$169K
-0.2%
2025
$161,613
$162K
-4.5%
2026
$162,884
$163K
+0.8%
City Comparison
Cheraw vs. National Median
🏠 Cheraw
$162,884
National Median
$410,000
At $162,884, homes in Cheraw cost 60% below the national median of $410,000. This makes Cheraw a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cheraw?
20% Down Payment
$32,577
on $162,884
Monthly P&I
$850/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,080/mo
incl. taxes & insurance
Income Needed
$43,200
gross annual (30% rule)
10% Down Option
$16,288
+ PMI applies
Loan Amount (20% dn)
$130,307
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cheraw, SC?
The median home value in Cheraw is $162,884 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Cheraw?
Over the past year, home values in Cheraw have increased by 0.8%. Over five years, prices have risen approximately 15.3%.
How much do I need to earn to buy a home in Cheraw?
To comfortably afford the median home price of $162,884 with a 20% down payment ($32,577) at today's rates (6.8%), you'd need a gross annual income of approximately $43,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Cheraw compare to the national average home price?
The national median home value is approximately $410,000. At $162,884, homes in Cheraw are 60% below the national average.