Market Overview
Home Prices in Gaffney, SC
The median home value in Gaffney, SC is $189,721 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.1% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gaffney are priced54% below average. Gaffney is part of the Gaffney, SC metro area.
Over the past five years, Gaffney home values have fallen by approximately0.2%, reflecting softening conditions in this market.
Price History
Gaffney Home Price Trend
City Comparison
Gaffney vs. National Median
At $189,721, homes in Gaffney cost 54% below the national median of $410,000. This makes Gaffney a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gaffney?
20% Down Payment
$37,944
on $189,721
Monthly P&I
$989/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,256/mo
incl. taxes & insurance
Income Needed
$50,240
gross annual (30% rule)
10% Down Option
$18,972
+ PMI applies
Loan Amount (20% dn)
$151,777
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 Gaffney, SC?
The median home value in Gaffney is $189,721 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.1% year-over-year.
How much have home prices changed in Gaffney?
Over the past year, home values in Gaffney have decreased by 4.1%. Over five years, prices have fallen approximately 0.2%.
How much do I need to earn to buy a home in Gaffney?
To comfortably afford the median home price of $189,721 with a 20% down payment ($37,944) at today's rates (6.8%), you'd need a gross annual income of approximately $50,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Gaffney compare to the national average home price?
The national median home value is approximately $410,000. At $189,721, homes in Gaffney are 54% below the national average.
What metro area is Gaffney part of?
Gaffney is part of the Gaffney, SC metropolitan area. Home prices and market conditions can vary across the broader metro region.