Charleston, SC—29492
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 $949,000, with a year-over-year change of 4.7%. This indicates that home prices in Charleston, SC are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $949,000 | 4.7% |
| Single Family | $1,025,000 | 5.3% |
| Condos | $533,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $327,000 | -0.6% |
2 Bed | $479,000 | 1.3% |
3 Bed | $692,000 | 3.9% |
4 Bed | $1,196,000 | 5.4% |
| 5 Bed | $2,158,000 | 3.8% |
% of Housing Stock
Rental Trends — Charleston, SC
As of July '25, Rentcast reports the average rent in Charleston, SC is $2,300, with a year-over-year rent change of -28.6%. Per bedroom, the median rent as of July '25 in Charleston, SC is studios: $1,910, 1-bedrooms: $1,940, 2-bedrooms: $2,370, 3-bedrooms: $3,210, 4-bedrooms: $5,300. The most common rental property sizes in Charleston, SC are 1-bedroom and 2-bedroom, accounting for 45.3% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,080 | $2,300 |
| Studio Rent | $1,770 | $1,910 |
| 1 Bed Rent | $1,880 | $1,940 |
| 2 Bed Rent | $2,280 | $2,370 |
| 3 Bed Rent | $3,200 | $3,210 |
| 4 Bed Rent | $5,000 | $5,300 |
% 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 38. This is a decrease of -9.0% 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 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 | $886,000 | -25.0% |
Listing Count | 181 | -8.0% |
| Listings as % of Homes | 1.0% | -8.0% |
Days on Market | 38 | -9.0% |
Demographics — Charleston, SC
As of the latest ACS Survey released in 2023, Charleston, SC has a population of 19,800, which has increased by 49.6% over the past 5 years. Charleston, SC is a moderately popular place for families, as children make up 19.0% of the population. The area has a highly educated workforce, with 67.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,800 | 49.6% |
% Under 18 | 19.0% | -28.0% |
% Seniors | 16.3% | 26.4% |
% WFH | 22.8% | 91.6% |
% w/ College Degree | 67.3% | 11.1% |
As of the latest ACS Survey released in 2023, Charleston, SC is a predominantly white area, with 83.9% of the population identifying as white. The white population has grown by 1.2% in the last 5 years. The second most common race or ethnicity in Charleston, SC is black, making up 6.1% of the population. Foreign-born residents account for 3.4% of the population in Charleston, SC, and this percentage has increased by 9.7% 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 | 83.9% | 1.2% |
% Black | 6.1% | -40.2% |
% Hispanic | 3.5% | -31.4% |
% Asian | 1.9% | 90.0% |
% Foreign Born | 3.4% | 9.7% |
Mortgage and Risk — Charleston, SC
According to HUD data as of 2023, there were 569 mortgage originations in Charleston, SC, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Charleston, SC. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 569 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Charleston, SC
As of 2024, the percent of homes in Charleston, SC under the Section 8 program is 1.2%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Charleston, SC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 38 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | 1.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,880 | $2,050 |
| 2 Bedroom | -$10 | $2,280 | $2,270 |
| 3 Bedroom | -$390 | $3,200 | $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 | 6.8 |
| Median Home Price | $949,000 |
| Median Household Income | $116,000 |