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Advertise here →Gaffney, SC · Market Data
Gaffney, South Carolina real estate market data.
Real estate market data for Gaffney, SC (Cherokee County) — Census median home value $141,100, county listing prices down about 1.2% over the past year.
Gaffney, SC is in Cherokee County, South Carolina — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 12,612, with a median household income of $41,214. Census data puts Gaffney's median home value at $141,100 (all owner-occupied homes); Cherokee County's current median listing price runs $269,975, down about 1.2% over the past year.
At a glance
Gaffney market snapshot
Population
12,612
Median Household Income
$41,214
Median Home Value (city)
$141,100
Median Listing Price (Cherokee County)
$269,975
Median Gross Rent
$822/mo
Price Trend (YoY)
-1.2%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Gaffney different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Gaffney's median home value — across all owner-occupied homes, not just recent sales — at $141,100. Separately, Cherokee County's current median listing price (via Realtor.com data, 2026-06-01) runs $269,975. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Cherokee County's FHFA house price index shows a 9.03% annual change in 2025.
Population & Income
Gaffney has an estimated population of 12,612 and a median household income of $41,214, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Gaffney's Census-reported median home value works out to about 3.4x the area's median household income, and median gross rent runs roughly 24% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Gaffney FAQ
What are home values like in Gaffney, SC?
The Census Bureau's American Community Survey puts Gaffney's median home value at $141,100. Cherokee County's current median listing price runs $269,975, down about 1.2% over the past year.
What is the population of Gaffney, SC?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Gaffney's population at approximately 12,612.
What's the median rent in Gaffney, SC?
The Census ACS estimates median gross rent in Gaffney at approximately $822 per month.
What is the median household income in Gaffney, SC?
Census ACS data puts the median household income in Gaffney at approximately $41,214.
Is the Gaffney housing market growing?
Cherokee County's FHFA house price index shows a 9.03% annual change in 2025.
Is Gaffney, SC affordable relative to income?
Census ACS data puts Gaffney's median home value at about 3.4 times the median household income, with median gross rent equal to roughly 24% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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