North Charleston SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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North 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 Q2 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

North Charleston Housing Market Information

With a population of 113,237, 41,004 total housing units (homes and apartments), and a median house value of $198,025, North Charleston real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in North Charleston, accounting for 48.92% of the city's housing units. Other types of housing that are prevalent in North Charleston include large apartment complexes or high rise apartments ( 23.82%), duplexes, homes converted to apartments or other small apartment buildings ( 10.15%), and a few mobile homes or trailers ( 9.59%).

The most prevalent building size and type in North Charleston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.98% owning and 58.02% renting.

There is a lot of housing in North 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 North Charleston built between 2000 and later ( 29.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.74%). There's also some housing in North Charleston built before 1939 ( 1.72%).

Vacant housing appears to be an issue in North Charleston. Fully 10.80% of the housing stock is classified as vacant. Left unchecked, vacant North Charleston homes and apartments can be a drag on the real estate market, holding North 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.

North Charleston Home Appreciation Rates

In the last 10 years, North Charleston has experienced some of the highest home appreciation rates of any community in the nation. North Charleston real estate appreciated 60.66% over the last ten years, which is an average annual home appreciation rate of 4.86%, putting North Charleston in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, North 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, North Charleston's appreciation rate, at 4.62%, has been at or slightly above the national average. In the latest quarter, North Charleston's appreciation rate has been 1.22%, which annualizes to a rate of 4.97%.

Relative to South Carolina, our data show that North Charleston's latest annual appreciation rate is lower 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 city. Individual neighborhoods within North Charleston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North 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 North Charleston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$198,025

North Charleston, SC HOME PRICES

Value Range
> $1,351,000 0.3
$1,013,001 - $1,351,000 0.3
$676,001 - $1,013,000 1.5
$541,001 - $676,000 1.7
$405,001 - $541,000 3.7
$270,001 - $405,000 17.4
$135,001 - $270,000 42.1
$67,001 - $135,000 20.0
$0 - $67,000 13.0

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
42.1547445255474 21.4814814814815

Number Of Homes And Apartments:
41,004

North Charleston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
108.07% 3.64%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,422 / per month

Homeownership Rate

Homeownership
Owners 41.98
Renters 58.02
Vacant 10.80

Housing Market Details

 

Age of Homes

AGE OF North Charleston HOMES
2000 or Newer 29.5
1970 - 1999 42.1
1940 - 1969 26.7
1939 or Older 1.7

Types of Homes

TYPE OF North Charleston HOMES
Single-Family 48.9
Townhomes 7.5
Small Apt. Buildings 10.2
Apt. Complexes 23.8
Mobile Homes 9.6
Other 0.0

Home Size

SIZE OF North Charleston HOMES
No Bedroom 1.30
1 Bedroom 11.34
2 Bedrooms 32.50
3 Bedrooms 42.32
4 Bedrooms 10.69
5 or more bedrooms 1.84