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Charleston Housing Information

IndexCharlestonSouth CarolinaNational
Median home price$269,400$143,600$184,700
Median rent asked$1,052$811$949
Avg. people per household2.32.62.6
Owner occupied households53.5%68.4%63.6%
Renter occupied households46.5%31.6%36.4%
The above shows an overview of the real estate market in Charleston, SC. Note how the median home price for Charleston, SC runs $269,400, which is 88% higher than the average property price for South Carolina. So you’re going to get real estate in Charleston, SC that is on-average less affordable than what you’ll find in the rest of South Carolina. As for rent, the median for Charleston, SC runs $1,052, which is comparatively 30% higher than the average rent for South Carolina. For Charleston, SC, about 53.5% of the population consist of home owners with about 2.3 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Charleston, SC offers a wide variety of real estate. To find your perfect home in Charleston, SC, filter your choice by price, location, and number of beds and baths using the search area above.

Charleston Home Affordability

When deciding where to purchase Charleston, SC real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Charleston, SC the median home price is $269,400 and $57,603 is the median household income. As a result, the home price to income ratio in Charleston, SC is 4.7x, which is 53% higher than the South Carolina average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Charleston, SC the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Charleston, SC.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
North Charleston, SC106,113$144,20022%
Goose Creek, SC40,553$169,8008%
Hanahan, SC20,710$189,8003%
James Island, SC11,844$244,00032%
Mount Pleasant, SC77,907$393,800113%
Charleston, SC129,888$269,40046%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Enterprise, NV129,620$237,40029%
Cedar Rapids, IA129,537$136,70026%
New Haven, CT130,405$190,7003%
Carrollton, TX129,266$183,1001%
Thornton, CO130,511$236,10028%
Charleston, SC129,888$269,40046%

Source: The Charleston, SC housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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