The total amount of properties with foreclosure filings in the state of South Carolina is about 25,163 properties in the past year, averaging out to one filing for every 80 households, lower than the United States average of 45. This is a little more than one percent of the state's housing units.
South Carolina is the 24th largest U.S. state by population, with 4,561,242 people. Its 32,020 square miles make it the 40th largest state by area. Median household income is $44,625. The state's total gross state product is estimated to be about $155 billion.
During the economic downturn that began in 2008 recession, South Carolina's job losses were among the highest in the U.S. The state's manufacturing and agricultural industries have long been interdependent, with the state producing both in cotton and textiles, and lumber plus paper. South Carolina's agricultural sector also produces rice, tobacco, soybeans, hogs, livestock, pecans, peaches, and others. Its manufacturing sector produces cars, machinery and chemicals. Tourism, particularly along its coast, is also among South Carolina's larger industries.