Charleston, SC—29455
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 $730,000, 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 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $730,000 | -0.6% |
| Single Family | $749,000 | 0.1% |
| Condos | $632,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $474,000 | -7.2% |
2 Bed | $634,000 | -3.4% |
3 Bed | $603,000 | 0.3% |
4 Bed | $1,096,000 | 2.0% |
| 5 Bed | $2,074,000 | 3.0% |
% of Housing Stock
Rental Trends — Charleston, SC
As of July '25, Rentcast reports the average rent in Charleston, SC is $2,240, with a year-over-year rent change of -24.1%. Per bedroom, the median rent as of July '25 in Charleston, SC is studios: $1,050, 1-bedrooms: $1,800, 2-bedrooms: $2,170, 3-bedrooms: $2,820, 4-bedrooms: $3,950. The most common rental property sizes in Charleston, SC are 3-bedroom and 2-bedroom, accounting for 37.3% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,140 | $2,240 |
| Studio Rent | $450 | $1,050 |
| 1 Bed Rent | $1,800 | $1,800 |
| 2 Bed Rent | $2,200 | $2,170 |
| 3 Bed Rent | $2,800 | $2,820 |
| 4 Bed Rent | $3,700 | $3,950 |
% 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 68. This is a increase of 14.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $819,000 | -6.0% |
Listing Count | 516 | 8.0% |
| Listings as % of Homes | 1.8% | 8.0% |
Days on Market | 68 | 14.0% |
Demographics — Charleston, SC
As of the latest ACS Survey released in 2023, Charleston, SC has a population of 26,300, which has increased by 19.5% over the past 5 years. Charleston, SC is a less popular place for families, as children make up 14.6% of the population. The area has a highly educated workforce, with 56.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,300 | 19.5% |
% Under 18 | 14.6% | 2.8% |
% Seniors | 25.9% | 7.9% |
% WFH | 19.6% | 142.0% |
% w/ College Degree | 56.8% | 19.1% |
As of the latest ACS Survey released in 2023, Charleston, SC is a predominantly white area, with 75.0% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Charleston, SC is black, making up 11.1% of the population. Foreign-born residents account for 5.3% of the population in Charleston, SC, and this percentage has decreased by 3.6% 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 | 75.0% | 3.9% |
% Black | 11.1% | -44.5% |
% Hispanic | 7.9% | 21.5% |
% Asian | 0.4% | -60.0% |
% Foreign Born | 5.3% | -3.6% |
Mortgage and Risk — Charleston, SC
According to HUD data as of 2023, there were 1238 mortgage originations in Charleston, SC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Charleston, SC. Investor activity is low, as 2.0% 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 | 1,238 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 16.0% |
% 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 9.5%. 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 | 179 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 9.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,800 | $1,710 |
| 2 Bedroom | -$310 | $2,200 | $1,890 |
| 3 Bedroom | -$460 | $2,800 | $2,340 |
| 4 Bedroom | -$940 | $3,700 | $2,760 |
Affordability — Charleston, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $730,000 |
| Median Household Income | $117,000 |