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 108,304 people, 37,597 houses or apartments, and a median cost of homes of $168,264, 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 49.69% of the city's housing units. Other types of housing that are prevalent in North Charleston include large apartment complexes or high rise apartments ( 25.74%), duplexes, homes converted to apartments or other small apartment buildings ( 9.01%), and a few mobile homes or trailers ( 8.74%).
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 43.38% owning and 56.62% 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 ( 30.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.20%). There's also some housing in North Charleston built before 1939 ( 1.99%).
Vacant housing appears to be an issue in North Charleston. Fully 13.54% 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.
Real estate appreciation rates in North Charleston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.16% during the period.
Appreciation rates are so strong in North Charleston that despite a nationwide downturn in the housing market, North Charleston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Charleston appreciation rates continue to be some of the highest in America, at 11.38%, which is higher than appreciation rates in 96.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Charleston. North Charleston appreciation rates in the latest quarter were at 2.72%, which equates to an annual appreciation rate of 11.31%.
Importantly, this makes North 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 North Charleston's latest annual appreciation rate is higher than 90% 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.
|$928,001 - $1,237,000||0.3|
|$619,001 - $928,000||1.4|
|$495,001 - $619,000||1.1|
|$371,001 - $495,000||1.8|
|$247,001 - $371,000||13.0|
|$123,001 - $247,000||44.8|
|$62,001 - $123,000||20.5|
|$0 - $62,000||16.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF North Charleston HOMES|
|2000 or Newer||30.2|
|1970 - 1999||40.6|
|1940 - 1969||27.2|
|1939 or Older||2.0|
|TYPE OF North Charleston HOMES|
|Small Apt. Buildings||9.0|
|SIZE OF North Charleston HOMES|
|5 or more bedrooms||2.02|