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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Mount Pleasant, SC Real Estate Market

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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Mount Pleasant, SC Housing Market Trends

With 94,545 people, 36,673 houses or apartments, and a median cost of homes of $757,273, Mount Pleasant house prices are not only among the most expensive in South Carolina, Mount Pleasant 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 Mount Pleasant, accounting for 64.28% of the town's housing units. Other types of housing that are prevalent in Mount Pleasant include large apartment complexes or high rise apartments ( 19.88%), row houses and other attached homes ( 12.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Pleasant. Owner-occupied housing accounts for 72.04% of Mount Pleasant's homes, and 65.27% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Pleasant 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 Mount Pleasant built between 2000 and later ( 42.50%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.24%).

Mount Pleasant Home Appreciation Rates

In the last 10 years, Mount Pleasant has experienced some of the highest home appreciation rates of any community in the nation. Mount Pleasant real estate appreciated 122.08% over the last ten years, which is an average annual home appreciation rate of 8.31%, putting Mount Pleasant in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mount Pleasant definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Mount Pleasant that despite a nationwide downturn in the housing market, Mount Pleasant real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Pleasant appreciation rates continue to be some of the highest in America, at 6.47%, which is higher than appreciation rates in 77.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Pleasant. Mount Pleasant appreciation rates in the latest quarter were at 4.31%, which equates to an annual appreciation rate of 18.37%.

Relative to South Carolina, our data show that Mount Pleasant's latest annual appreciation rate is higher than 50% 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 town. Individual neighborhoods within Mount Pleasant differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Pleasant - 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 Mount Pleasant real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$757,273

Mount Pleasant, SC Home Prices
> $1,446,000
$1,084,001 - $1,446,000
$723,001 - $1,084,000
$578,001 - $723,000
$434,001 - $578,000
$289,001 - $434,000
$145,001 - $289,000
$72,001 - $145,000
$0 - $72,000
8.5%
8.5%
10.3%
10.3%
29.7%
29.7%
16.6%
16.6%
20.2%
20.2%
8.6%
8.6%
4.1%
4.1%
0.9%
0.9%
1.1%
1.1%
0% 100.0%
% of Homes
Very High

for South carolina

Very High

for nation

Number of Homes And Apartments:

36,673

Mount Pleasant Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,802 / per month

Homeownership Rate

Owners
Renters
Vacant
72.0%
72.0%
28.0%
28.0%
8.4%
8.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
42.5%
42.5%
49.4%
49.4%
7.2%
7.2%
0.8%
0.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.3%
64.3%
12.1%
12.1%
3.1%
3.1%
19.9%
19.9%
0.5%
0.5%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
6.3%
6.3%
18.9%
18.9%
40.0%
40.0%
25.2%
25.2%
8.2%
8.2%
0% 100.0%
% of Homes