Charleston, SC—29412
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 $581,000, with a year-over-year change of -1.1%. This indicates that home prices in Charleston, SC are decreasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $581,000 | -1.1% |
| Single Family | $612,000 | -0.8% |
| Condos | $339,000 | -4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $243,000 | -6.5% |
2 Bed | $362,000 | -3.5% |
3 Bed | $572,000 | -1.2% |
4 Bed | $791,000 | 0.8% |
| 5 Bed | $1,055,000 | 2.0% |
% of Housing Stock
Rental Trends — Charleston, SC
As of July '25, Rentcast reports the average rent in Charleston, SC is $2,510, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Charleston, SC is studios: $2,200, 1-bedrooms: $2,020, 2-bedrooms: $2,400, 3-bedrooms: $3,140, 4-bedrooms: $3,730. The most common rental property sizes in Charleston, SC are 2-bedroom and 3-bedroom, accounting for 41.3% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,510 |
| Studio Rent | $1,880 | $2,200 |
| 1 Bed Rent | $2,060 | $2,020 |
| 2 Bed Rent | $2,380 | $2,400 |
| 3 Bed Rent | $3,100 | $3,140 |
| 4 Bed Rent | $3,700 | $3,730 |
% 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 51. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $635,000 | -4.0% |
Listing Count | 238 | 35.0% |
| Listings as % of Homes | 0.5% | 35.0% |
Days on Market | 51 | -1.0% |
Demographics — Charleston, SC
As of the latest ACS Survey released in 2023, Charleston, SC has a population of 40,500, which has remained stable by 0.5% over the past 5 years. Charleston, SC is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 54.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,500 | 0.5% |
% Under 18 | 20.2% | 15.4% |
% Seniors | 18.1% | 8.4% |
% WFH | 14.5% | 113.2% |
% w/ College Degree | 54.8% | 7.7% |
As of the latest ACS Survey released in 2023, Charleston, SC is a predominantly white area, with 74.2% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Charleston, SC is black, making up 16.1% of the population. Foreign-born residents account for 4.9% of the population in Charleston, SC, and this percentage has increased by 58.1% 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 | 74.2% | -6.1% |
% Black | 16.1% | 4.5% |
% Hispanic | 4.7% | 123.8% |
% Asian | 1.8% | 0.0% |
% Foreign Born | 4.9% | 58.1% |
Mortgage and Risk — Charleston, SC
According to HUD data as of 2023, there were 906 mortgage originations in Charleston, SC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Charleston, SC. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 906 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% 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 3.4%. 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 | 257 |
Total Units Section 8 | 166 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 90.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $2,060 | $1,990 |
| 2 Bedroom | -$180 | $2,380 | $2,200 |
| 3 Bedroom | -$370 | $3,100 | $2,730 |
| 4 Bedroom | -$490 | $3,700 | $3,210 |
Affordability — Charleston, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $581,000 |
| Median Household Income | $99,400 |