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Charleston Real Estate Market Overview

Average Monthly Rent:

$1,378

Percentage Change in Home Price/Value:

0%

Median Home Value:

$319,000

Best Time To Sell Home:

July

Affordability Index:

141.1

Days To Sell House:

84.25

Job Market:

Fair

Public School Ranking:

39

Location and Weather

With its old cobblestone streets, beautiful antebellum homes, and horse-drawn carriages, you’ll think you’ve stepped back in time in this genteel southern town. With the historic Fort Sumpter nearby, and a wealth of cultural and historic activities, Charleston is a must-see tourist destination and elegant place to live. Located at the junction of the Kanawha and Elk rivers, Charleston is in a narrow valley just west of the Appalachian Mountains.

Charleston’s summers are very warm and humid, as its winters are cold and windy. The warm summer temperatures are in the mid-80’s, with lows in the 70’s. The winter temperatures are cold, with highs in the mid 60’s and lows in the low 40’s.

Population, Job Market and Cost of Living

Charleston’s population in 2018 was 136,208, with a growth rate of .34%.The job growth has increased by .69% over last year and in ten years, is predicted to be 35.54%.The largest employers are the Medical University of South Carolina, Greystar Real Estate Partners, and Piggly Wiggly Carolina (Supermarket chain). It’s deep water port, impressive business growth, with more than $1.6 billion in automotive industry investments, have ranked Charleston as the 16th best growing city economy in the nation. The cost of living is moderate, due to the Charleston real estate prices and availability of affordable homes.

With its beautiful harbor and beaches, southern culture, historical attractions, steady job growth, and moderate cost of living, Charleston will continue to attract those that want to live on the coast in a historic location.

Hottest Neighborhoods:

Grimball Gates, Harleston Village, Stiles Point, West Ashley

Local iBuyer Companies in Charleston

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