The housing market in Charleston, SC is a strong one with a median value of nearly $500,000. This is significantly higher than the US median value of $338,100 and it is reflective of the thriving economy in the area. Additionally, the 1 year house appreciation rate in Charleston, SC has significantly outpaced that of the US rate of 8.27%, with a growth rate of 17.09%. This shows that homes in Charleston are valuable investments and will likely continue to appreciate over time.
The median home cost in Charleston is $493,200. Home appreciation the last 10 years has been 136.5%. Home Appreciation in Charleston is up 23.1%.
Average Age of Homes
- The median age of Charleston real estate is 33 years old
The Rental Market in Charleston
- Renters make up 41.6% of the Charleston population
- 2.9% of houses and apartments in Charleston, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.