Charleston, SC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Charleston Housing Market Information

With a population of 137,566, 55,013 total housing units (homes and apartments), and a median house value of $388,851, Charleston house prices are not only among the most expensive in South Carolina, Charleston real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Charleston, accounting for 49.95% of the city's housing units. Other types of housing that are prevalent in Charleston include large apartment complexes or high rise apartments ( 30.35%), duplexes, homes converted to apartments or other small apartment buildings ( 12.42%), and a few row houses and other attached homes ( 6.05%).

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 52.67% owning and 47.33% 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 ( 30.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.89%). There's also some housing in Charleston built before 1939 ( 12.24%).

Vacant housing appears to be an issue in Charleston. Fully 12.33% 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

In the last 10 years, Charleston has experienced some of the highest home appreciation rates of any community in the nation. Charleston real estate appreciated 59.12% over the last ten years, which is an average annual home appreciation rate of 4.75%, putting Charleston in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Charleston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Charleston's appreciation rate, at 4.34%, has been at or slightly above the national average. In the latest quarter, Charleston's appreciation rate has been 1.49%, which annualizes to a rate of 6.11%.

Relative to South Carolina, our data show that Charleston's latest annual appreciation rate is lower than 60% 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

 
info

Median Home Value:
$388,851

Charleston, SC HOME PRICES

> $1,268,000
6.3%
6.3%
$951,001 - $1,268,000
5.1%
5.1%
$634,001 - $951,000
13.2%
13.2%
$507,001 - $634,000
9.4%
9.4%
$380,001 - $507,000
17.0%
17.0%
$254,001 - $380,000
24.1%
24.1%
$127,001 - $254,000
17.0%
17.0%
$63,001 - $127,000
5.1%
5.1%
$0 - $63,000
2.8%
2.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for SC

Value Relative To Nation

Number Of Homes And Apartments:
55,013

Charleston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
136.57% 4.24%
10
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,911 / per month

Homeownership Rate

Owners
52.7%
52.7%
Renters
47.3%
47.3%
Vacant
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
30.3%
30.3%
1970 - 1999
38.6%
38.6%
1940 - 1969
18.9%
18.9%
1939 or Older
12.2%
12.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
49.9%
49.9%
Townhomes
6.0%
6.0%
Small Apt. Buildings
12.4%
12.4%
Apt. Complexes
30.3%
30.3%
Mobile Homes
1.2%
1.2%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
11.4%
11.4%
2 Bedrooms
31.9%
31.9%
3 Bedrooms
36.3%
36.3%
4 Bedrooms
15.2%
15.2%
5 or more bedrooms
3.2%
3.2%
0.0% 100.0%
% OF HOMES