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What is the average rent in charleston south carolinaResidential Rent Statistics for Charleston South Carolina | Department of Numbers
What is the average rent in charleston south carolina. Charleston South Carolina Residential Rent and Rental Statistics
Residential Rent Statistics for Charleston South Carolina | Department of Numbers.Average Rent in Charleston, SC and Cost Information - Zumper
Homes in Charleston receive 3 offers on average and sell in around 43 days. In August , Charleston home prices were up 7. On average, homes in Charleston sell after 47 days on the market compared to 45 days last year. There were homes sold in August this year, down from last year. How much is your home worth? The Redfin Compete Score rates how competitive an area is on a scale of 0 to , where is the most competitive.
United States. California DRE NY Standard Operating Procedures. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at Charleston Housing Market Trends. What is the housing market like in Charleston today? Median Sale Price. Compare to US housing market trends. See top home feature trends in Charleston. See my estimate.
How hot is the Charleston housing market? Charleston is somewhat competitive. Homes sell in 43 days. Somewhat Competitive. Calculated over the last 3 months. Some homes get multiple offers.
Hot homes. Compare With Nearby Cities. Not Very Competitive. Calculated over the last 12 months. Multiple offers are rare. Sale-to-List Price. Which homebuyers are searching to move into Charleston? Inbound Migration Outbound Migration. Top 10 inbound metros. New York, NY. Boston, MA. Chicago, IL. Charlotte, NC. Los Angeles, CA. Seattle, WA. Atlanta, GA. Philadelphia, PA. San Jose, CA. Columbus, OH. The latest migration analysis is based on a sample of about two million Redfin. Show dollars as: Nominal Real.
The rental vacancy rate is the fraction of homes for rent that are not occupied. The rental vacancy rate in Charleston peaked in at Since then it has fallen by 4. Data records for this series originated in From a post peak low of 6. Using median household income data for Charleston , we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate.
For Charleston, median monthly gross rent as a fraction of median household income was The fraction of median Charleston household income required to pay median monthly gross rent peaked in relative to the series origin at Since then it has fallen by 2. You can calculate the renter fraction in Charleston in at least two ways: by housing units or by population.
I've gone with the housing units measure here. This measure looks at the number of renting households in Charleston as a fraction of total Charleston households. In The Charleston household renter fraction peaked in in at The origin year for the series is Gross rent is defined as contract rent plus the estimated average monthly cost of utilities electricity, gas, water, and sewer and fuel oil, coal, kerosene, wood, etc. Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.
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