Charleston
South Carolina · Ranked #65 of 102 metros
40Moderate
Median Home Price
🏠$400K
Need $115K income
Median Rent
🔑$2K
Need $62K income
Housing Shortage
📉18,000
units needed
Building Permits
🔨10,000
annual
Median Income
💰$65K
Pop: 822,549
Rent Burden
⚠️33.5%
of renters paying >30%
Price Change (YoY)
📈+4.5%
Homeownership
🏡64.5%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Charleston | National |
|---|---|---|
| Price-to-Income Ratio | 6.1x | 6.1x |
| Rent Burden | 33.5% | 31.5% |
| Homeownership Rate | 64.5% | 65.5% |
| YoY Price Change | +4.5% | +3.5% |
| YoY Rent Change | +3% | +2.8% |
| Mortgage Denial Rate | 13.0% | 13.5% |
| Eviction Rate | 5.0% | 3.6% |