Home Values in Mount Pleasant, South Carolina — 2026 Market Report
Updated March 2026 | Seller's Market | +7.1% YoY
The median home value in Mount Pleasant, South Carolina is $565,000 as of March 2026, which is above the national median of $400,000. Home values in Mount Pleasant have increased by 7.1% over the past year and 40.9% over the last five years. With a population of 96,346 and a median household income of $92,250, the price-to-income ratio stands at 6.1x, making Mount Pleasant affordable for the average household.
Mount Pleasant Housing Market Conditions
| Metric | Mount Pleasant | National Avg |
|---|---|---|
| Median Home Value | $565,000 | $400,000 |
| YoY Appreciation | +7.1% | +3.8% |
| 5-Year Appreciation | +40.9% | +22.4% |
| Price per Sq Ft | $214 | $222 |
| Days on Market | 32 days | 45 days |
| Months of Supply | 2.3 | 3.5 |
| List-to-Sale Ratio | 101% | 98.5% |
| Monthly Homes Sold | 55 | — |
| Foreclosure Rate | 0.24% | 0.3% |
Home Value Trends in Mount Pleasant
A homeowner who purchased at the median price of $400,994 five years ago in Mount Pleasant would have gained approximately $164,006 in equity, representing a 40.9% return on investment. Over the past year alone, the typical homeowner gained $37,456 in home equity.
Affordability in Mount Pleasant, SC
With a median household income of $92,250 and a median home price of $565,000, the price-to-income ratio in Mount Pleasant is 6.1x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $4,133 compared to estimated monthly ownership costs of $2,951 gives a rent-vs-buy ratio of 0.71. In Mount Pleasant, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Mount Pleasant
The effective property tax rate in South Carolina is 0.57%. On a home valued at $565,000, the estimated annual property tax bill is $3,221, or approximately $268/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Mount Pleasant is 112.5 (100 = national average), indicating living costs are above the national average.
Calculate Your Mortgage Payment in Mount Pleasant
Use our free calculator to estimate monthly payments for a $565,000 home
Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Mount Pleasant, SC?
The median home value in Mount Pleasant, South Carolina is $565,000 as of March 2026. Home values have changed +7.1% over the past year, with a 5-year appreciation of 40.9%.
Is Mount Pleasant a buyer's or seller's market?
Mount Pleasant is currently a seller's market with 2.3 months of housing supply. Homes spend an average of 32 days on market, and the list-to-sale price ratio is 101%. Low inventory gives sellers an advantage.
Are home values going up in Mount Pleasant?
Yes, home values in Mount Pleasant have increased by 7.1% over the past year. The 5-year appreciation rate is 40.9%, meaning a home worth $400,994 five years ago is now worth $565,000.
Is it better to rent or buy in Mount Pleasant?
The average monthly rent in Mount Pleasant is $4,133, while estimated monthly homeownership costs are approximately $2,951. The price-to-rent ratio is 11.4. 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 Mount Pleasant, 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.