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Market MapCharleston, SC
Metropolitan Area

Charleston, SC

South Carolina03 counties
48
/100
Hold
#748 of 894 metros
Top 84% nationally for investing

Market Snapshot

$426,429
Median Home Price
75% above national median
$1,948/mo
Median Rent
41% above national median
5.48%
Rent-to-Price Ratio
Top 64% nationally
-$969
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$426,429
Down Payment (20%)$85,286
Loan Amount$341,143
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,948
Monthly P&I-$2,235
Est. Expenses (35%)-$682
Net Cash Flow-$969/mo
3.6%
Cap Rate (all cash)
-11.9%
Cash-on-Cash Return
5.48%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.6% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
48/100
48
Cash Flow(30%)
52/100

Based on 5.48% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
47/100

Based on -1.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
39/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)
  • +Multiple counties (3) for portfolio diversification

Challenges

  • -Declining home values (-1.0% YoY)
  • -Negative cash flow at typical financing (-$969/mo)
  • -Negative leverage (cap rate 3.6% < mortgage rate 6.9%)
  • -High price-to-income ratio makes financing challenging

Counties in Charleston, SC

Best Overall
Berkeley
SC - Score: 55
Most Affordable
Dorchester
SC - Score: 54
Verdict
BerkeleySC
231,41955$365,648$1,9236.31%HoldView
DorchesterSC
162,13954$343,672$1,7055.95%HoldView
CharlestonSC
409,84039$597,567$2,0274.07%AvoidView

Click any county to see detailed investment analysis

Compare to Similar Metros

Metro AreaVerdict
Evansville, IN
Evansville, IN
68$215,725$1,0595.89%BuyView
Tuscaloosa, AL
Tuscaloosa, AL
68$214,334$1,6489.23%BuyView
Carlsbad, NM
Carlsbad, NM
68$229,075$2,20911.57%BuyView
Calhoun, GA
Calhoun, GA
68$270,313$1,7377.71%BuyView
Fort Smith, AR
Fort Smith, AR
68$197,499$1,0406.32%BuyView
Current
Charleston, SC
48$426,429$1,9485.48%Hold

The Bottom Line

HoldCharleston, SC is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Charleston, SC metro area scores 48/100, ranking #748 of 894 US metros (top 84%). The 5.48% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Among 3 counties, Berkeley shows the strongest investment potential (score: 55). Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-969/mo
Cap Rate
3.6%
Cash-on-Cash
-13.6%

Ready to Invest in Charleston, SC?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

Single Family1-4 unit rentalsHouse HackOwner-occupiedMultifamily5+ unit propertiesBest CountyBerkeley
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