Charleston, SC—29407
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 $526,000, with a year-over-year change of 0.2%. This indicates that home prices in Charleston, SC are flat. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $526,000 | 0.2% |
| Single Family | $549,000 | 0.2% |
| Condos | $291,000 | -2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $268,000 | -2.5% |
2 Bed | $345,000 | -1.7% |
3 Bed | $509,000 | -0.4% |
4 Bed | $738,000 | 2.2% |
| 5 Bed | $1,059,000 | 3.8% |
% of Housing Stock
Rental Trends — Charleston, SC
As of July '25, Rentcast reports the average rent in Charleston, SC is $2,080, with a year-over-year rent change of -6.3%. Per bedroom, the median rent as of July '25 in Charleston, SC is studios: $1,670, 1-bedrooms: $1,610, 2-bedrooms: $2,040, 3-bedrooms: $2,860, 4-bedrooms: $3,600. The most common rental property sizes in Charleston, SC are 2-bedroom and 1-bedroom, accounting for 50.0% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,080 |
| Studio Rent | $1,670 | $1,670 |
| 1 Bed Rent | $1,460 | $1,610 |
| 2 Bed Rent | $1,800 | $2,040 |
| 3 Bed Rent | $2,800 | $2,860 |
| 4 Bed Rent | $3,700 | $3,600 |
% 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 42. This is a increase of 38.0% 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 45.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $586,000 | -9.0% |
Listing Count | 156 | 25.0% |
| Listings as % of Homes | 0.4% | 25.0% |
Days on Market | 42 | 38.0% |
Demographics — Charleston, SC
As of the latest ACS Survey released in 2023, Charleston, SC has a population of 36,600, which has increased by 6.8% 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 51.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,600 | 6.8% |
% Under 18 | 18.7% | 13.3% |
% Seniors | 18.5% | 6.3% |
% WFH | 13.1% | 219.5% |
% w/ College Degree | 51.1% | 19.7% |
As of the latest ACS Survey released in 2023, Charleston, SC is a predominantly white area, with 63.3% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Charleston, SC is black, making up 25.7% of the population. Foreign-born residents account for 5.6% of the population in Charleston, SC, and this percentage has increased by 36.6% 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 | 63.3% | -0.8% |
% Black | 25.7% | -16.6% |
% Hispanic | 5.4% | 157.1% |
% Asian | 2.2% | 4.8% |
% Foreign Born | 5.6% | 36.6% |
Mortgage and Risk — Charleston, SC
According to HUD data as of 2023, there were 602 mortgage originations in Charleston, SC, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Charleston, SC. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 602 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Charleston, SC
As of 2024, the percent of homes in Charleston, SC under the Section 8 program is 10.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Charleston, SC, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 827 |
Total Units Section 8 | 708 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,460 | $1,680 |
| 2 Bedroom | $60 | $1,800 | $1,860 |
| 3 Bedroom | -$500 | $2,800 | $2,300 |
| 4 Bedroom | -$990 | $3,700 | $2,710 |
Affordability — Charleston, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $526,000 |
| Median Household Income | $80,600 |