Charleston, SC—29414
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 $462,000, with a year-over-year change of -0.8%. This indicates that home prices in Charleston, SC are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $462,000 | -0.8% |
| Single Family | $479,000 | -0.6% |
| Condos | $270,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $174,000 | -4.9% |
2 Bed | $279,000 | -1.8% |
3 Bed | $439,000 | -1.3% |
4 Bed | $568,000 | 0.2% |
| 5 Bed | $637,000 | 0.2% |
% of Housing Stock
Rental Trends — Charleston, SC
As of July '25, Rentcast reports the average rent in Charleston, SC is $1,940, with a year-over-year rent change of -21.1%. Per bedroom, the median rent as of July '25 in Charleston, SC is studios: $1,470, 1-bedrooms: $1,650, 2-bedrooms: $1,920, 3-bedrooms: $2,420, 4-bedrooms: $2,880. The most common rental property sizes in Charleston, SC are 2-bedroom and 1-bedroom, accounting for 53.0% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,940 |
| Studio Rent | $1,420 | $1,470 |
| 1 Bed Rent | $1,660 | $1,650 |
| 2 Bed Rent | $1,920 | $1,920 |
| 3 Bed Rent | $2,400 | $2,420 |
| 4 Bed Rent | $2,900 | $2,880 |
% 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 50. This is a increase of 26.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $467,000 | 1.0% |
Listing Count | 224 | 35.0% |
| Listings as % of Homes | 0.7% | 35.0% |
Days on Market | 50 | 26.0% |
Demographics — Charleston, SC
As of the latest ACS Survey released in 2023, Charleston, SC has a population of 43,700, which has increased by 10.6% over the past 5 years. Charleston, SC is a moderately popular place for families, as children make up 18.7% of the population. The area has a highly educated workforce, with 52.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,700 | 10.6% |
% Under 18 | 18.7% | 4.5% |
% Seniors | 15.0% | 1.4% |
% WFH | 14.7% | 116.2% |
% w/ College Degree | 52.5% | 9.4% |
As of the latest ACS Survey released in 2023, Charleston, SC is a predominantly white area, with 73.0% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Charleston, SC is black, making up 14.8% of the population. Foreign-born residents account for 6.3% of the population in Charleston, SC, and this percentage has increased by 18.9% 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 | 73.0% | -2.5% |
% Black | 14.8% | -11.4% |
% Hispanic | 5.4% | 38.5% |
% Asian | 2.6% | 4.0% |
% Foreign Born | 6.3% | 18.9% |
Mortgage and Risk — Charleston, SC
According to HUD data as of 2023, there were 1272 mortgage originations in Charleston, SC, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Charleston, SC. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,272 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Charleston, SC
As of 2024, the percent of homes in Charleston, SC under the Section 8 program is 2.0%. 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, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 210 |
Total Units Section 8 | 180 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,660 | $1,880 |
| 2 Bedroom | $160 | $1,920 | $2,080 |
| 3 Bedroom | $180 | $2,400 | $2,580 |
| 4 Bedroom | $130 | $2,900 | $3,030 |
Affordability — Charleston, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $462,000 |
| Median Household Income | $92,000 |