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Charleston, SC—29401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,512,000
6.0% YoY Growth
Household Income
$90,100
19.5% YoY Growth
Days on Market
51
24.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$4,250
14.1% YoY Growth
1-Bed Rent
$3,920
29.9% YoY Growth
2-Bed Rent
$5,300
27.0% YoY Growth
3-Bed Rent
$5,500
6.4% YoY Growth

Other Zip Codes in Charleston, SC

294552941429492294032941229407
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Charleston, SC

As of May '26, the median home price in Charleston, SC is $1,512,000, with a year-over-year change of 6.0%. This indicates that home prices in Charleston, SC are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,512,0006.0%
Single Family $2,051,0005.4%
Condos $943,0004.3%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $579,000
    3.6%
    2 Bed
    		$1,139,0005.4%
    3 Bed
    		$2,095,0005.2%
    4 Bed
    		$3,061,0004.9%
    5 Bed $4,622,1438.2%
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    % of Housing Stock

    Studio
    2.1%
    1 Bedroom
    20.9%
    2 Bedrooms
    34.0%
    3 Bedrooms
    22.2%
    4 Bedrooms
    15.8%
    5+ Bedrooms
    5.0%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    6.8%
    1 Bedroom
    38.7%
    2 Bedrooms
    30.9%
    3 Bedrooms
    12.5%
    4 Bedrooms
    6.9%
    5+ Bedrooms
    4.2%

    Property Listings — Charleston, SC

    As of May '26, Realtor.com reports that the median days on market for a home in Charleston, SC is 51. This is a increase of 24.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$2,620,00057.0%
    Listing Count
    		147-2.0%
    Listings as % of Homes1.7%-2.0%
    Days on Market
    		5124.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio13.7
    Median Home Price$1,512,000
    Median Household Income$90,100

    Charleston, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Wragg Borough Homes

    29424

    Charleston, SC

    29403

    Gadsden Green Homes

    29409

    Charleston, SC

    29407

    Charleston, SC

    29412

    Frequently Asked Questions