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Charleston, SC—29455

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$746,000
1.1% YoY Growth
Household Income
$117,000
59.9% YoY Growth
Days on Market
49
8.0% Shorter YoY
Home Price Forecast
0.7%
Median Rent
$2,140
24.1% YoY Growth
1-Bed Rent
$1,800
11.1% YoY Growth
2-Bed Rent
$2,200
2.4% YoY Growth
3-Bed Rent
$2,800
2.8% YoY Growth

Other Zip Codes in Charleston, SC

294142949229403294122940729401
  • 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 $746,000, with a year-over-year change of 1.1%. 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
$746,0001.1%
Single Family $765,0001.5%
Condos $646,0001.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $483,000
    -0.8%
    2 Bed
    		$644,0001.4%
    3 Bed
    		$619,0001.3%
    4 Bed
    		$1,110,0003.3%
    5 Bed $2,148,0376.2%
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    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    6.2%
    2 Bedrooms
    15.0%
    3 Bedrooms
    47.9%
    4 Bedrooms
    20.8%
    5+ Bedrooms
    9.5%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    3.6%
    1 Bedroom
    16.4%
    2 Bedrooms
    29.5%
    3 Bedrooms
    37.3%
    4 Bedrooms
    12.8%
    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 49. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$849,000-12.0%
    Listing Count
    		574-2.0%
    Listings as % of Homes1.8%-2.0%
    Days on Market
    		49-8.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		26,30019.5%
    % Under 18
    		14.6%2.8%
    % Seniors
    		25.9%7.9%
    % WFH
    		19.6%142.0%
    % w/ College Degree
    		56.8%19.1%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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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 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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.7
    Median Home Price$746,000
    Median Household Income$117,000

    Charleston, SC — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Wadmalaw Island, SC

    29487

    Charleston, SC

    29412

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    Frequently Asked Questions