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Charleston real estate market overview
- Average Monthly Rent: $1,938
- Home Price/Value Percentage Change: 8.10%
- Median Home Value: $495,993
- Best Time To Sell a Home: October
- Affordability Index: Moderate
- Days To Sell a House: 47
- Job Market: Fair
- Public School Ranking: 46
Location and weather
Charleston is located in the eastern coastal part of the state and is famous for being the largest port in the Atlantic coast of the United States. It is also one of the oldest settlements in the country, which explains the rich culture and history in this city. This unique city is full of cultural events, special local cuisine, historic monuments and a beautiful downtown. Charleston is also known to offer its residents and guests a variety of events throughout the year, including sport events, global events, and cultural events.
The weather in this city is comfortable, with hot summers and cold winters. Temperatures typically vary from the 40s to the 80s.
Population, job market and cost of living
Charleston population of in 2023 is 159,269, with a growth rate of 0.34% annually.
The job market has decreased by -3.7% over the last year. In ten years, job growth is predicted to be 35.94%. Charleston is an important center for international trade and commerce, logistics, business, manufacturing and technology. Some of the largest employers here are Commonwealth, Interloop Limited, Greystar Real Estate Partners, Roper St. Francis Healthcare and Medical University of South Carolina.
Cost of living in Charleston is higher than South Carolina's average cost of living and the US average cost of living. Considering Charleston's large size, it is a more expensive city to live in South Carolina.
Charleston real estate market details
- Sullivan's Island
- Mount Pleasant
- James Island
- Harleston Village
- South of Broad
- Folley Beach
The average monthly rent in Charleston is $1,938 for an average apartment size of 965 sq. feet.
There has been a 8.1% increase in median home value over the last year. As of 2023, the median home value is $495,993.
On average, homes in Charleston sell after days 47 on the market.
In Charleston, the best time to sell a home for the most amount of money is in October. If you're looking to sell a home quickly, the best time to sell is in July.
The affordability index in Charleston is 110. This number indicates moderate affordability in this city.
The top ranked public schools are Ashley River Creative Arts, Daniel Island School, Orange Grove Elementary Charter, James Island Charter High School and Charleston Charter for Math and Science. This information derives from data measuring academic performance and equity.