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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF North Charleston HOMES|
|2000 or Newer||29.5|
|1970 - 1999||42.1|
|1940 - 1969||26.7|
|1939 or Older||1.7|
|TYPE OF North Charleston HOMES|
|Small Apt. Buildings||10.2|
|SIZE OF North Charleston HOMES|
|5 or more bedrooms||1.84|