The Real Estate Market in Charleston, South Carolina

If you are looking to live in a historic southern city with a ton or charm, Charleston may be your answer. Sitting on the South Carolina cost, the real estate market is primed for growth.

The Real Estate Market in Charleston, South Carolina

Charleston is located at roughly the mid point of the South Caroline coastline on the Atlantic Ocean and has a population of just under 100,000 people. A city with a lot of history, Charleston has an old south feel with all the amenities you would expect in a modern city.

The average Charleston home sells for about $180,000, a figure that more or less matches the national average. Home appreciation rates are a bit below national averages, but still a healthy 7.4 percent. More importantly, the appreciation rate may be primed to increase dramatically over the next few years. The reason for this is job growth.

Any real estate market is heavily influenced by job growth in the local economy. The more job growth, the more demand there will be for workers. As more people move into the area to fill that demand, the higher home prices will go. Currently, Charleston is experiencing strong job growth. More importantly,...