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Charleston, SC—29414

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$474,000
0.6% YoY Growth
Household Income
$92,000
30.0% YoY Growth
Days on Market
45
21.0% Longer YoY
Home Price Forecast
0.8%
Median Rent
$1,840
21.1% YoY Growth
1-Bed Rent
$1,660
13.0% YoY Growth
2-Bed Rent
$1,920
2.7% YoY Growth
3-Bed Rent
$2,400
2.4% YoY Growth

Other Zip Codes in Charleston, SC

294552949229403294122940729401
  • 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 $474,000, with a year-over-year change of 0.6%. This indicates that home prices in Charleston, SC are flat. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$474,0000.6%
Single Family $491,0000.8%
Condos $270,000-0.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $171,000
    -9.0%
    2 Bed
    		$280,000-0.4%
    3 Bed
    		$451,0000.7%
    4 Bed
    		$581,0001.0%
    5 Bed $654,3050.7%
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    % of Housing Stock

    Studio
    1.1%
    1 Bedroom
    11.2%
    2 Bedrooms
    25.8%
    3 Bedrooms
    39.2%
    4 Bedrooms
    18.9%
    5+ Bedrooms
    3.8%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    1.8%
    1 Bedroom
    26.4%
    2 Bedrooms
    53.0%
    3 Bedrooms
    13.3%
    4 Bedrooms
    5.1%
    5+ Bedrooms
    0.4%

    Property Listings — Charleston, SC

    As of May '26, Realtor.com reports that the median days on market for a home in Charleston, SC is 45. This is a increase of 21.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$489,0000.0%
    Listing Count
    		29231.0%
    Listings as % of Homes0.7%31.0%
    Days on Market
    		4521.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		43,70010.6%
    % Under 18
    		18.7%4.5%
    % Seniors
    		15.0%1.4%
    % WFH
    		14.7%116.2%
    % w/ College Degree
    		52.5%9.4%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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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 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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$474,000
    Median Household Income$92,000

    Charleston, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    North Charleston, SC

    29418

    Lambs, SC

    29404

    North Charleston, SC

    29420

    North Charleston, SC

    29406

    Charleston, SC

    29407

    Frequently Asked Questions