Home Values in Hilton Head Island, South Carolina — 2026 Market Report
Updated March 2026 | Seller's Market | +5.6% YoY
The median home value in Hilton Head Island, South Carolina is $595,000 as of March 2026, which is above the national median of $400,000. Home values in Hilton Head Island have increased by 5.6% over the past year and 31.3% over the last five years. With a population of 40,000 and a median household income of $82,250, the price-to-income ratio stands at 7.2x, making Hilton Head Island affordable for the average household.
Hilton Head Island Housing Market Conditions
| Metric | Hilton Head Island | National Avg |
|---|---|---|
| Median Home Value | $595,000 | $400,000 |
| YoY Appreciation | +5.6% | +3.8% |
| 5-Year Appreciation | +31.3% | +22.4% |
| Price per Sq Ft | $209 | $222 |
| Days on Market | 44 days | 45 days |
| Months of Supply | 2.6 | 3.5 |
| List-to-Sale Ratio | 97.5% | 98.5% |
| Monthly Homes Sold | 25 | — |
| Foreclosure Rate | 0.29% | 0.3% |
Home Value Trends in Hilton Head Island
A homeowner who purchased at the median price of $453,161 five years ago in Hilton Head Island would have gained approximately $141,839 in equity, representing a 31.3% return on investment. Over the past year alone, the typical homeowner gained $31,553 in home equity.
Affordability in Hilton Head Island, SC
With a median household income of $82,250 and a median home price of $595,000, the price-to-income ratio in Hilton Head Island is 7.2x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,694 compared to estimated monthly ownership costs of $3,109 gives a rent-vs-buy ratio of 0.84. In Hilton Head Island, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Hilton Head Island
The effective property tax rate in South Carolina is 0.57%. On a home valued at $595,000, the estimated annual property tax bill is $3,392, or approximately $283/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Hilton Head Island is 118.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Hilton Head Island, SC?
The median home value in Hilton Head Island, South Carolina is $595,000 as of March 2026. Home values have changed +5.6% over the past year, with a 5-year appreciation of 31.3%.
Is Hilton Head Island a buyer's or seller's market?
Hilton Head Island is currently a seller's market with 2.6 months of housing supply. Homes spend an average of 44 days on market, and the list-to-sale price ratio is 97.5%. Low inventory gives sellers an advantage.
Are home values going up in Hilton Head Island?
Yes, home values in Hilton Head Island have increased by 5.6% over the past year. The 5-year appreciation rate is 31.3%, meaning a home worth $453,161 five years ago is now worth $595,000.
Is it better to rent or buy in Hilton Head Island?
The average monthly rent in Hilton Head Island is $3,694, while estimated monthly homeownership costs are approximately $3,109. The price-to-rent ratio is 13.4. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Hilton Head Island, South Carolina is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.