Charleston, SC—29403
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 $811,000, with a year-over-year change of 1.2%. This indicates that home prices in Charleston, SC are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $811,000 | 1.2% |
| Single Family | $858,000 | 1.5% |
| Condos | $519,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $428,000 | -3.8% |
2 Bed | $611,000 | 1.0% |
3 Bed | $854,000 | 1.4% |
4 Bed | $1,056,000 | 2.5% |
| 5 Bed | $1,415,000 | 4.0% |
% of Housing Stock
Rental Trends — Charleston, SC
As of July '25, Rentcast reports the average rent in Charleston, SC is $3,030, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Charleston, SC is studios: $2,120, 1-bedrooms: $2,400, 2-bedrooms: $3,280, 3-bedrooms: $4,280, 4-bedrooms: $5,000. The most common rental property sizes in Charleston, SC are 2-bedroom and 1-bedroom, accounting for 42.9% and 25.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,030 |
| Studio Rent | $1,950 | $2,120 |
| 1 Bed Rent | $2,240 | $2,400 |
| 2 Bed Rent | $3,210 | $3,280 |
| 3 Bed Rent | $4,250 | $4,280 |
| 4 Bed Rent | $5,000 | $5,000 |
% 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 62. This is a increase of 32.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $835,000 | -20.0% |
Listing Count | 132 | 0.0% |
| Listings as % of Homes | 0.7% | 0.0% |
Days on Market | 62 | 32.0% |
Demographics — Charleston, SC
As of the latest ACS Survey released in 2023, Charleston, SC has a population of 22,300, which has increased by 2.0% over the past 5 years. Charleston, SC is a less popular place for families, as children make up 12.7% of the population. The area has a highly educated workforce, with 56.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,300 | 2.0% |
% Under 18 | 12.7% | -13.0% |
% Seniors | 12.4% | 21.6% |
% WFH | 18.5% | 302.2% |
% w/ College Degree | 56.7% | 21.7% |
As of the latest ACS Survey released in 2023, Charleston, SC is a predominantly white area, with 58.4% of the population identifying as white. The white population has grown by 14.1% in the last 5 years. The second most common race or ethnicity in Charleston, SC is black, making up 34.4% of the population. Foreign-born residents account for 3.0% of the population in Charleston, SC, and this percentage has increased by 20.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.4% | 14.1% |
% Black | 34.4% | -22.3% |
% Hispanic | 3.7% | 76.2% |
% Asian | 1.2% | 20.0% |
% Foreign Born | 3.0% | 20.0% |
Mortgage and Risk — Charleston, SC
According to HUD data as of 2023, there were 317 mortgage originations in Charleston, SC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Charleston, SC. Investor activity is low, as 9.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 317 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 9.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Charleston, SC
As of 2024, the percent of homes in Charleston, SC under the Section 8 program is 9.2%. 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 | 1,787 |
Total Units Section 8 | 661 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $2,240 | $2,050 |
| 2 Bedroom | -$940 | $3,210 | $2,270 |
| 3 Bedroom | -$1,440 | $4,250 | $2,810 |
| 4 Bedroom | -$1,690 | $5,000 | $3,310 |
Affordability — Charleston, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.5 |
| Median Home Price | $811,000 |
| Median Household Income | $65,700 |