North Charleston, SC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

North Charleston, SC Housing Market Trends

With 115,382 people, 41,874 houses or apartments, and a median cost of homes of $185,384, North Charleston real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in North Charleston, accounting for 48.65% of the city's housing units. Other types of housing that are prevalent in North Charleston include large apartment complexes or high rise apartments ( 24.31%), duplexes, homes converted to apartments or other small apartment buildings ( 9.98%), and a few mobile homes or trailers ( 9.78%).

The most prevalent building size and type in North Charleston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.62% owning and 57.38% renting.

There is a lot of housing in North Charleston built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in North Charleston built between 2000 and later ( 31.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.46%). There's also some housing in North Charleston built before 1939 ( 1.65%).

Vacant housing appears to be an issue in North Charleston. Fully 11.03% of the housing stock is classified as vacant. Left unchecked, vacant North Charleston homes and apartments can be a drag on the real estate market, holding North Charleston real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

North Charleston Home Appreciation Rates

In the last 10 years, North Charleston has experienced some of the highest home appreciation rates of any community in the nation. North Charleston real estate appreciated 73.99% over the last ten years, which is an average annual home appreciation rate of 5.69%, putting North Charleston in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, North Charleston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, North Charleston appreciation rates have trailed the rest of the nation. In the last twelve months, North Charleston's appreciation rate has been 3.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Charleston were at 0.89%, which equates to an annual appreciation rate of 3.61%.

Notably, North Charleston's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Carolina, our data show that North Charleston's latest annual appreciation rate is lower than 80% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within North Charleston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Charleston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best North Charleston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$185,384

North Charleston, SC HOME PRICES

> $1,249,000
0.2%
0.2%
$936,001 - $1,249,000
0.4%
0.4%
$624,001 - $936,000
1.5%
1.5%
$499,001 - $624,000
1.9%
1.9%
$374,001 - $499,000
5.2%
5.2%
$250,001 - $374,000
20.3%
20.3%
$125,001 - $250,000
41.4%
41.4%
$63,001 - $125,000
16.0%
16.0%
$0 - $63,000
13.0%
13.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for SC

Value Relative To Nation

Number Of Homes And Apartments:
41,874

North Charleston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
116.11% 3.69%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,460 / per month

Homeownership Rate

Owners
42.6%
42.6%
Renters
57.4%
57.4%
Vacant
11.0%
11.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
31.7%
31.7%
1970 - 1999
41.2%
41.2%
1940 - 1969
25.5%
25.5%
1939 or Older
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
48.6%
48.6%
Townhomes
7.3%
7.3%
Small Apt. Buildings
10.0%
10.0%
Apt. Complexes
24.3%
24.3%
Mobile Homes
9.8%
9.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.1%
1.1%
1 Bedroom
12.1%
12.1%
2 Bedrooms
32.2%
32.2%
3 Bedrooms
42.1%
42.1%
4 Bedrooms
10.4%
10.4%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES