There are currently 67,727 real estate properties in Charleston, SC, with a median automated valuation model (AVM) price of $494,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Charleston, SC, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Charleston, SC, is $630,620.00, with the most expensive house in Charleston, SC, topping out at $19,500,000.00 and the cheapest home in Charleston, SC, clocking in at $13,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Charleston, SC!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Charleston, SC, is on a rollercoaster ride. The average rent price in Charleston, SC, is $1,667.00. Indeed, when looking to rent in Charleston, SC, you can expect to pay as little as $580.00 or as much as $6,020.00, with the average rent median estimated to be $1,610.00. The good news is that finding an affordable and desirable property to rent in Charleston, SC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Charleston, SC area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Charleston, SC and much more. Save thousands at closing with home foreclosure listings in Charleston, SC — up to 75% off market value!
Charleston is located in Charleston, South Carolina, with an estimated municipal population of 137,566 residents. All of the best foreclosed homes for sale in Charleston are located in the following zip code areas on Foreclosure.com: 29414 29424 29455 29407 29401 29403 29409 29492 29412 29402 29413 29417 29422 29425 29457. The estimated population per square kilometer (.62 miles) in Charleston is 480.
So, about how much do homes cost in Charleston? The most recent median value of resident-owned homes in Charleston is 330,364. An estimated 55.6 percent of households in Charleston own their homes, with an average family size of 2.97. The median household income in Charleston is 68,438, with33.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Charleston, the median commute time of resident workers (in minutes) is 22.8. And last, but certainly not least, are you looking for homes to rent in Charleston? If so, the average rent price paid by renters in Charleston is 1,257, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Charleston, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Charleston is 34.8, split between 47.2 percent male versus 52.8 female. The percentage of residents who report being married in Charleston is 41.6, with an average family size of 2.97.
The percentage of residents who report their race in Charleston is as follows:
|Black / African American||21.7%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Charleston? Or maybe you are searching for 55+ active adult communities in and/or near Charleston?
The percentage of residents who report their age in Charleston is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Charleston with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Charleston.
How do you know that living in -- or moving to -- Charleston is right where you need to be? Perhaps you grew up in Charleston or already live nearby; therefore, the decision to buy a home in Charleston is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Charleston for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Charleston:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Charleston.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Charleston can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Charleston, meanwhile, can field multiple offers from more qualified buyers.
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