Charleston, SC—29401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Charleston, SC
As of Oct '25, the median home price in Charleston, SC is $1,430,000, with a year-over-year change of 5.7%. This indicates that home prices in Charleston, SC are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,430,000 | 5.7% |
| Single Family | $1,938,000 | 6.8% |
| Condos | $905,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $562,000 | 0.0% |
2 Bed | $1,095,000 | 4.3% |
3 Bed | $1,999,000 | 6.8% |
4 Bed | $2,904,000 | 7.2% |
| 5 Bed | $4,331,000 | 9.1% |
% of Housing Stock
Rental Trends — Charleston, SC
As of July '25, Rentcast reports the average rent in Charleston, SC is $4,620, with a year-over-year rent change of 14.1%. Per bedroom, the median rent as of July '25 in Charleston, SC is studios: $2,520, 1-bedrooms: $3,650, 2-bedrooms: $5,370, 3-bedrooms: $6,470, 4-bedrooms: $8,370. The most common rental property sizes in Charleston, SC are 1-bedroom and 2-bedroom, accounting for 38.7% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,250 | $4,620 |
| Studio Rent | $2,600 | $2,520 |
| 1 Bed Rent | $3,920 | $3,650 |
| 2 Bed Rent | $5,300 | $5,370 |
| 3 Bed Rent | $5,500 | $6,470 |
| 4 Bed Rent | $9,000 | $8,370 |
% of Rental Stock
Property Listings — Charleston, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Charleston, SC is 64. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,780,000 | 20.0% |
Listing Count | 124 | 8.0% |
| Listings as % of Homes | 1.7% | 8.0% |
Days on Market | 64 | 20.0% |
Demographics — Charleston, SC
As of the latest ACS Survey released in 2023, Charleston, SC has a population of 9,210, which has decreased by -4.3% over the past 5 years. Charleston, SC is a less popular place for families, as children make up 12.2% of the population. The area has a highly educated workforce, with 75.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,210 | -4.3% |
% Under 18 | 12.2% | 16.2% |
% Seniors | 23.2% | 19.0% |
% WFH | 26.6% | 186.0% |
% w/ College Degree | 75.1% | -2.3% |
As of the latest ACS Survey released in 2023, Charleston, SC is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Charleston, SC is black, making up 11.3% of the population. Foreign-born residents account for 2.5% of the population in Charleston, SC, and this percentage has decreased by 58.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.2% | -3.2% |
% Black | 11.3% | -8.9% |
% Hispanic | 5.0% | 28.2% |
% Asian | 0.9% | -10.0% |
% Foreign Born | 2.5% | -58.3% |
Mortgage and Risk — Charleston, SC
According to HUD data as of 2023, there were 163 mortgage originations in Charleston, SC, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Charleston, SC. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 163 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 2.0% |
% Second Loans | 19.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Charleston, SC
As of 2024, the percent of homes in Charleston, SC under the Section 8 program is 7.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Charleston, SC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 371 |
Total Units Section 8 | 118 |
% Rentals under Section 8 | 7.0% |
% Occupied Section 8 | 95.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,850 | $3,920 | $2,070 |
| 2 Bedroom | -$3,010 | $5,300 | $2,290 |
| 3 Bedroom | -$2,660 | $5,500 | $2,840 |
| 4 Bedroom | -$5,660 | $9,000 | $3,340 |
Affordability — Charleston, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 13.4 |
| Median Home Price | $1,430,000 |
| Median Household Income | $90,100 |