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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 118,608, 45,917 total housing units (homes and apartments), and a median house value of $332,958, North Charleston real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Charleston, accounting for 51.15% of the city's housing units. Other types of housing that are prevalent in North Charleston include large apartment complexes or high rise apartments ( 25.88%), duplexes, homes converted to apartments or other small apartment buildings ( 8.49%), and a few mobile homes or trailers ( 7.52%).
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 47.51% owning and 52.49% renting.
North Charleston homes and real estate are some of the newest in America. 41.11% of North Charleston's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the North Charleston real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.14%), and between 1940-1969 ( 22.68%). There's also some housing in North Charleston built before 1939 ( 1.07%).
Vacant housing appears to be an issue in North Charleston. Fully 10.90% 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.
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 172.44% over the last ten years, which is an average annual home appreciation rate of 10.54%, putting North Charleston in the top 10% 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.
Appreciation rates are so strong in North Charleston that despite a nationwide downturn in the housing market, North Charleston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Charleston appreciation rates continue to be some of the highest in America, at 9.87%, which is higher than appreciation rates in 86.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Charleston. North Charleston appreciation rates in the latest quarter were at 2.07%, which equates to an annual appreciation rate of 8.55%.
Relative to South Carolina, our data show that North Charleston's latest annual appreciation rate is lower than 50% 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.
$332,958
for South carolina
for nation
45,917
$2,372 / per month