Charleston, SC


Highest Appreciating Charleston Neighborhoods Since 2000

Charleston, SC Real Estate Data

Charleston Housing Market Information

With 132,609 people, 52,450 houses or apartments, and a median cost of homes of $287,818, Charleston real estate is some of the most expensive in South Carolina, although Charleston home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Charleston, accounting for 49.27% of the city's housing units. Other types of housing that are prevalent in Charleston include large apartment complexes or high rise apartments ( 31.12%), duplexes, homes converted to apartments or other small apartment buildings ( 11.43%), and a few row houses and other attached homes ( 7.01%).

The most prevalent building size and type in Charleston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.07% owning and 48.93% renting.

There is a lot of housing in Charleston built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Charleston built between 2000 and later ( 27.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.99%). There's also some housing in Charleston built before 1939 ( 13.47%).

Vacant housing appears to be an issue in Charleston. Fully 12.13% of the housing stock is classified as vacant. Left unchecked, vacant Charleston homes and apartments can be a drag on the real estate market, holding Charleston real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Charleston Home Appreciation Rates

Appreciation rates for homes in Charleston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.17%, which ranks in the top 30% nationwide. This equates to an annual average Charleston house appreciation rate of 0.97%.

Appreciation rates are so strong in Charleston that despite a nationwide downturn in the housing market, Charleston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Charleston appreciation rates continue to be some of the highest in America, at 8.33%, which is higher than appreciation rates in 87.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Charleston. Charleston appreciation rates in the latest quarter were at 1.53%, which equates to an annual appreciation rate of 6.24%.

Importantly, this makes Charleston one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to South Carolina, our data show that Charleston's latest annual appreciation rate is higher than 80% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Charleston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Charleston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Charleston real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Charleston, SC HOME PRICES

Value Range
> $1,265,000 3.0
$948,001 - $1,265,000 3.1
$632,001 - $948,000 10.5
$506,001 - $632,000 7.3
$379,001 - $506,000 11.9
$253,001 - $379,000 24.6
$126,001 - $253,000 26.1
$63,001 - $126,000 6.2
$0 - $63,000 4.3

Very High for SC
Very High for Nation

Value Relative to Nation Value Relative to State
17.2272354388843 5.94795539033457

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,340 / per month

Homeownership Rate

Owners 51.07
Renters 48.93
Vacant 12.13

Housing Market Details


Age of Homes

AGE OF Charleston HOMES
2000 or Newer 27.5
1970 - 1999 38.1
1940 - 1969 21.0
1939 or Older 13.5

Types of Homes

TYPE OF Charleston HOMES
Single-Family 49.3
Townhomes 7.0
Small Apt. Buildings 11.4
Apt. Complexes 31.1
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Charleston HOMES
No Bedroom 1.43
1 Bedroom 12.88
2 Bedrooms 31.69
3 Bedrooms 37.34
4 Bedrooms 13.73
5 or more bedrooms 2.93

Charleston Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
90.68% 3.81% 10 10
* 10 is highest