Home Values in Charleston, South Carolina — 2026 Market Report
Updated March 2026 | Seller's Market | +4.2% YoY
The median home value in Charleston, South Carolina is $445,000 as of March 2026, which is above the national median of $400,000. Home values in Charleston have increased by 4.2% over the past year and 22.8% over the last five years. With a population of 150,277 and a median household income of $65,825, the price-to-income ratio stands at 6.8x, making Charleston affordable for the average household.
Charleston Housing Market Conditions
| Metric | Charleston | National Avg |
|---|---|---|
| Median Home Value | $445,000 | $400,000 |
| YoY Appreciation | +4.2% | +3.8% |
| 5-Year Appreciation | +22.8% | +22.4% |
| Price per Sq Ft | $160 | $222 |
| Days on Market | 41 days | 45 days |
| Months of Supply | 1.5 | 3.5 |
| List-to-Sale Ratio | 99.1% | 98.5% |
| Monthly Homes Sold | 85 | — |
| Foreclosure Rate | 0.1% | 0.3% |
Home Value Trends in Charleston
A homeowner who purchased at the median price of $362,378 five years ago in Charleston would have gained approximately $82,622 in equity, representing a 22.8% return on investment. Over the past year alone, the typical homeowner gained $17,937 in home equity.
Affordability in Charleston, SC
With a median household income of $65,825 and a median home price of $445,000, the price-to-income ratio in Charleston is 6.8x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,293 compared to estimated monthly ownership costs of $2,324 gives a rent-vs-buy ratio of 1.01. In Charleston, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Charleston
The effective property tax rate in South Carolina is 0.57%. On a home valued at $445,000, the estimated annual property tax bill is $2,536, or approximately $211/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Charleston is 105.5 (100 = national average), indicating living costs are near the national average.
Calculate Your Mortgage Payment in Charleston
Use our free calculator to estimate monthly payments for a $445,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Charleston, SC?
The median home value in Charleston, South Carolina is $445,000 as of March 2026. Home values have changed +4.2% over the past year, with a 5-year appreciation of 22.8%.
Is Charleston a buyer's or seller's market?
Charleston is currently a seller's market with 1.5 months of housing supply. Homes spend an average of 41 days on market, and the list-to-sale price ratio is 99.1%. Low inventory gives sellers an advantage.
Are home values going up in Charleston?
Yes, home values in Charleston have increased by 4.2% over the past year. The 5-year appreciation rate is 22.8%, meaning a home worth $362,378 five years ago is now worth $445,000.
Is it better to rent or buy in Charleston?
The average monthly rent in Charleston is $2,293, while estimated monthly homeownership costs are approximately $2,324. The price-to-rent ratio is 16.2. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other South Carolina Cities
Related Resources
Disclaimer: Home value data for Charleston, South Carolina is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.