All homes and bedroom counts
Markets / South Carolina / Charleston
RENTAL MARKET INTELLIGENCE
Charleston, SC
Charleston merits selective investigation by buyers who can tolerate affordability pressure, active construction and hurricane-wind exposure; yield-focused buyers needing a wide starting cushion should avoid it.
Median price$436k
Median rent$2,066
Gross yield5.7%
Job growth▲ 0.5%
Composite Market ScoreRank #436 of 571 scored US market areas
Direct rental answer
How much is rent in Charleston, SC?
Zillow's metro-wide Observed Rent Index is $2,066 per month for 2026-06-30. That is up 3.20% from a year earlier.
Occupied rental units paying rent
Two-bedroom standard
These figures are not averaged together. Zillow and Realtor describe asking-rent markets, ACS measures rent paid by surveyed households, and HUD publishes administrative bedroom standards.
Exact county schedules
HUD rent benchmarks inside Charleston
Every row keeps its own county FIPS schedule. No county is selected as a metro proxy and no synthetic metro FMR is calculated.
| County | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Charleston County, SCFIPS 45019 | $1,557 | $1,630 | $1,787 | $2,222 | $2,562 |
| Berkeley County, SCFIPS 45015 | $1,557 | $1,630 | $1,787 | $2,222 | $2,562 |
| Dorchester County, SCFIPS 45035 | $1,557 | $1,630 | $1,787 | $2,222 | $2,562 |
The read
Why this market scores where it does
Charleston merits selective investigation by buyers who can tolerate affordability pressure, active construction and hurricane-wind exposure; yield-focused buyers needing a wide starting cushion should avoid it. Median value is $436,297, median asking rent is $2,066 and gross yield is 5.68%.
Demand signals are positive but modest: jobs rose 0.5% year over year, rents rose 3.2% and tax filings show net household migration of 6,447. Yet home values slipped 0.75%, and 28.34% of listings had price drops. That mix points to tenant-demand support but weak resale pricing.
The main underwriting restraint is the combination of a 5.12 price-to-income ratio, 8,430 permits and hurricane wind risk. Buyers should investigate property-level insurance, construction competition and achievable rent before proceeding; insurance premiums and neighborhood-level vacancy are not published.
Frequently Asked Investor Questions
Are jobs, rents and household migration all positive?
Yes. CES employment rose 0.5% year over year, median asking rent rose 3.2%, and tax filings show net household migration of 6,447.
What negotiating signals are visible in current listings?
The record reports 3.7 months of supply, a 68-day median market time and price drops on 28.34% of listings.
What climate-cost information is available?
Hurricane wind is the dominant hazard, and the annual climate loss ratio is 0.474% of building value; insurance premiums are not published.
Investor Quick Takeaways
Gross Yield: 5.7%
Computed from the current Zillow rent and home-value medians.
Rent Momentum: ▲ 3.20%
Zillow ZORI rent growth trend over trailing 12 months.
Investor Activity: 5.4%
Originated investment purchase share (CFPB HMDA).
Climate Exposure: FEMA NRI
Annualized loss ratio evaluated for flood & hurricane risk.
Put the evidence to work
Test the market, then test the deal
Keep Charleston as the starting point or move into a more specific property and rent check.
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Market pulse
The current market in eight signals
Fast-moving Redfin conditions sit beside the slower fundamentals so a buyer can separate today's negotiating climate from the long-run investment case.
Months of supply3.7 mo.▲ from 3.5 mo. a year ago
Median days on market68 days▲ from 63 days a year ago
Listings with price drops28.3%▲ from 27.8% a year ago
Sale-to-list ratio98.6%2026-05-01
Home value growth▼ 0.8%Zillow ZHVI · trailing 12 months
Rent growth▲ 3.20%Zillow ZORI · trailing 12 months
Gross rental yield5.7%Rent × 12 ÷ price
Payroll job growth▲ 0.5%CES · 12m to 2026-06
Release-to-release evidence
What actually changed
This comparison exists because at least one underlying source period advanced. Rebuilding the same data never creates a new observation.
Published score held steady38→38
0 ptsThe published component scores did not move in this release.
Weights were unchanged at metro-2026-07-v2-omb2023, so the movement comes from refreshed evidence and percentile ranks.
The named source periods advanced, but the measured values on this page held steady.
The one chart
Rents versus prices, indexed to 2019
Both series start at 100. The gap between the lines is the investment case, and which line is closing it tells you what kind of market this is.
Reindexed Price vs. Rent Growth
2019 = 100 · annual · 2019–2026
Since 2019, prices are up 59% and rents 53%. Prices running ahead of rents is what compresses yield. ✓ recomputed from series
Composite breakdown
What each component measures
Weights are published, not hidden, and the arithmetic is shown. Five components, each measured as a national percentile across all tracked metros.
Published arithmeticComponent × weight = points
38| Signal | Score | Weight | Points |
|---|---|---|---|
| Job growth | 66 | 30% | 19.80 |
| Rent trend | 48 | 25% | 12.00 |
| Affordability | 24 | 15% | 3.60 |
| Supply pressure | 16 | 15% | 2.40 |
| Climate risk | 2 | 15% | 0.30 |
| Published score | 38 | ||
Charleston, SC scoreRank #436
38Job growth66/100
CES employment grew 0.5% year over year -> the labor signal is positive but modest.
Rent trend48/100
Median asking rent rose 3.2% to $2,066 -> rent momentum is positive, but the 5.68% gross yield must absorb operating costs.
Affordability24/100
A $436,297 median value equals 5.12 times median income, while rent is 29.08% of income -> affordability is a material constraint.
Supply pressure16/100
The market recorded 8,430 permits alongside 3.7 months of supply and 68 median days on market -> pipeline competition is a risk, while current listings show some negotiating room.
Climate risk2/100
The 0.474% annual climate loss ratio is tied to hurricane wind -> property-level insurance and resilience checks are central to underwriting.
The numbers
What this market costs and what it earns
Every derived ratio below recomputes from the same source record used by the article and score.
ZHVI Median Price
$436k
YoY ▼ 0.8%
ZORI Median Rent
$2,066
YoY ▲ 3.20%
Gross Rental Yield
5.7%
Rent × 12 ÷ price
$2,066 × 12 ÷ $436,297
Job Growth (YoY)
▲ 0.5%
CES payrolls
Job signal 66/100
Median Household Income
$85k
Census ACS 5-year
Rent Burden
29.1%
Annual rent ÷ household income
Price-to-Income
5.1x
Median value ÷ household income
HUD 2BR Fair Market Rent
$1,787
Market rent 115.6% of FMR
Historical affordability context
Compare aligned 2019 and 2024 asking-rent and nominal household-income endpoints across the direct-overlap metro set.
Independent rent evidence
One market, several legitimate rent benchmarks
These releases observe different homes and different moments. RentMarker keeps them separate: ZORI remains the scoring baseline, while the other sources test how sensitive the market story is to bedroom mix and measurement method.
Monthly benchmark4 of 4 reported values
Zero-based scale$2,066Primary RentMarker baseline
2026-06-30
All homes and bedroom counts
A smoothed metro rent index for observed rentals; it is the primary rent used by RentMarker scores and career ratios.
View source release ↗$1,630−$436 vs ZORI
FY2026 FMR
One-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,787−$279 vs ZORI
FY2026 FMR
Two-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,605−$461 vs ZORI
ACS 2024 5-year
Occupied rental units paying rent
A five-year survey estimate of contract rent plus applicable tenant-paid utilities; it is not a current asking-rent index.
View source release ↗Take the next step
Keep Charleston as context, then replace market-wide evidence with the candidate property's facts.
Direct local rental evidence
Recent leases and rental-market liquidity in Charleston, SC
These Apartment List observations match the exact metro CBSA code 16700. They are kept separate from Zillow asking rent, Census occupied-home rent and property-level comparables.
Direct recent-lease rent history
Monthly overall-rent index; missing observations are not filled from another geography.
Recent-lease rent$1,6322026-07 · +2.1% year over year
Rental vacancy6.7%2026-07 · -1.2 percentage points year over year
Time on market25 days2026-07 · -3.4 days year over year
Measured rent retention
How much of gross yield survives the first two measured deductions?
This bridge subtracts direct rental vacancy and effective property tax only. It is not net yield, NOI, cap rate or property cash flow.
measured retention property tax vacancy
- Gross yield
- 5.7%
- Vacancy
- 6.7%
- Effective tax
- 0.4%
- Retained yield
- 4.9%
Regional price level
What feels expensive inside Charleston
BEA compares each category with the United States, which equals 100. This is a 2024 price-level comparison—not annual inflation.
BEA Regional Price Parities · 2024US = 100
Occupation wage lens
How asking rent sits against major local occupations
Annualized Zillow asking rent is divided by each BLS annual median wage. This is a screening ratio for one wage, not a household budget or affordability verdict.
Six largest published major groupsannual rent ÷ median wage
Office and Administrative Support Occupations$46,020 median wage
53.9%
Food Preparation and Serving Related Occupations$29,870 median wage
83.0%
Sales and Related Occupations$37,430 median wage
66.2%
Transportation and Material Moving Occupations$42,360 median wage
58.5%
Healthcare Practitioners and Technical Occupations$82,640 median wage
30.0%
Business and Financial Operations Occupations$80,580 median wage
30.8%
Supply pipeline
What is being built, and for whom
Permits are the 12-to-24 month early warning. The total matters less than the mix: apartments compete with a rental the day they open.
National supply context
Compare this authorization pipeline with asking-rent growth, jobs and for-sale liquidity across the evidence-complete metro set.
Building permits by structure type
units per year · latest year annualised
8,322 units authorised in 2026, 20% of them in 5+ unit buildings. A meaningful share is apartments, which discount first when they lease up. ✓ recomputed from series
Who is arriving, and who is buying
Demand, and the competition for it
Tax filings say how many households moved and what they earn; mortgage disclosures say how many local purchases went to someone who will not live there. Moves between counties inside this metro are netted out of both flow figures.
Net Household Move
+6,447
26,002 in vs 19,555 out (IRS SOI)
▲ 24.8% of arriving households
Mover Income Gap
+$21,551
Arriving $96,571 vs leaving $75,020
Average AGI per tax return (IRS SOI)
Investor Purchase Share
5.4%
791 of 14,718 originated purchase loans
CFPB HMDA 2024
Dominant Hazard
hurricane
0.474% building value annual loss ratio
FEMA NRI · risk type: wind
Compare yield and FEMA exposure →Households arrive mainly from: Richland County · Mecklenburg County · Greenville County · Horry County · Beaufort County
✓ 26,002 in − 19,555 out = 6,447 netDirect market links
Where tax-return households moved from and to
These are the largest flows where both counties map to a RentMarker market area. They are a documented subset of the all-US IRS totals above.
Leading inbound markets
- New York, NY1,118 arriving
- Columbia, SC942 arriving
- Charlotte, NC865 arriving
Leading outbound markets
- Columbia, SC923 leaving
- Greenville, SC789 leaving
- Charlotte, NC733 leaving
The other side
What would make this a bad buy
Generated from the same figures with the instruction to argue against the score, and published unedited. A page that only agrees with itself is an advertisement.
Three ways the case breaks
- Affordability is constrained: median value is 5.12 times median income, and rent is 29.08% of income.
- The supply pipeline is active, with 8,430 permits alongside 3.7 months of listed supply.
- Hurricane wind is the dominant hazard, with an annual climate loss ratio equal to 0.474% of building value.
Inside this metro area
Move from the market-area average to local evidence
Use the available county and city pages to add local price, rent, housing, migration and hazard context to the market-area view.
Statistical peers
Market areas that behave like Charleston
Nearest neighbours on price level, income, yield and job growth — not on geography. Every market page gets a different peer set, which is the point.
| Market area | Score | Price | Rent | Yield | Job Growth |
|---|---|---|---|---|---|
| Charleston, SC (Target) | 38 | $436k | $2,066 | 5.7% | ▲ 0.5% |
| Albany, NY | 75 | $378k | $1,679 | 5.3% | ▲ 0.8% |
| Modesto, CA | 44 | $470k | $2,045 | 5.2% | ▲ 0.7% |
| Richmond, VA | 59 | $400k | $1,772 | 5.3% | ▲ 0.2% |
| Allentown, PA | 70 | $370k | $1,861 | 6.0% | ▲ 1.1% |
Provenance
Where every figure came from
“Checked nightly” means every source is re-pulled and re-verified each night. It does not mean every source moves nightly — the release column tells you how fresh each number can possibly be.
| Dataset Source | Method | Release Period | Pulled Date |
|---|---|---|---|
| Census ACS 5-year — household income and gross rent | direct | ACS 2024 5-year | 2026-08-05 |
| Census ACS 5-year — historical household income | direct | ACS 2019 and 2024 5-year | 2026-08-05 |
| Census ACS 5-year — population | direct | ACS 2024 5-year | 2026-07-26 |
| Apartment List Rent Estimates — recent-lease rent index | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Time on Market — listing liquidity | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Vacancy Index — rental vacancy | direct | Apartment List 2026-07 | 2026-08-08 |
| BEA County Personal Income — income and population | direct | 2024 County Personal Income (released 2026-02-05); history 1969-2024 | 2026-08-03 |
| BEA Regional Price Parities — metropolitan price levels | direct | 2024 Regional Price Parities (released 2026-02-19); history 2008-2024 | 2026-08-03 |
| BLS CES — payroll employment | direct | CES SM current | 2026-07-26 |
| BLS LAUS — resident employment | direct | LAUS current | 2026-07-26 |
| BLS OEWS — occupation employment and wages | direct | May 2025 OEWS estimates (released 2026-05-15) | 2026-08-03 |
| BLS QCEW — county employment and wages | direct | annual county employment and wages 2021-2025; latest 2025 vs 2024 | 2026-08-02 |
| OMB/BLS delineation — metro geography | direct | OMB July 2023 delineation | 2026-07-30 |
| Census Building Permits Survey — permitted units | direct | BPS through 2026 | 2026-07-26 |
| Census ACS 5-year — city population, households and housing | direct | ACS 2024 5-year | 2026-07-29 |
| Census ACS 5-year — county housing value, tenure and stock | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS 5-year — cities and communities | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS five-year — ZCTA housing and income | direct | ACS 2024 5-year ZCTA | 2026-08-08 |
| FEMA National Risk Index — hazard loss ratios | modelled | NRI counties (FEMA ArcGIS) | 2026-07-26 |
| FHFA House Price Index — annual county appreciation | direct | annual county HPI history 1975-2025; latest 2025 | 2026-08-02 |
| HMDA / CFPB — purchases by occupancy type | direct | HMDA 2024 purchase originations | 2026-07-26 |
| HUD CHAS — renter burden by HAMFI income band | direct | HUD CHAS 2018-2022 ACS 5-year (released 2025-12-23) | 2026-08-03 |
| HUD Fair Market Rents — Section 8 standard | direct | FY2026 FMR | 2026-07-26 |
| HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback | direct | ZIP-CBSA 2025Q4 + SAFMR FY2026 | 2026-07-26 |
| HUD-USPS ZIP-to-county residential-address crosswalk | direct | HUD-USPS 2026Q1 | 2026-08-09 |
| IRS SOI — county migration and mover income | direct | SOI migration 2022-2023 | 2026-07-26 |
| Freddie Mac PMMS — mortgage rates | direct | week of 2026-07-30 | 2026-08-06 |
| Census ACS 5-year — effective property tax | direct | ACS 2024 5-year | 2026-08-06 |
| Realtor.com Economic Research — county listing inventory | direct | county inventory 2026-06 | 2026-07-28 |
| Realtor.com Rental Report — top-50 asking rents | direct | top-50 rental asking rents 2026-05 | 2026-08-05 |
| Redfin Data Center — inventory, days on market, and price cuts | direct | metro tracker through 2026-05-01 | 2026-07-26 |
| Redfin Data Center — ZIP resale activity and supply | direct | ZIP rolling 3 months through 2026-06-30; updated 2026-07-03 | 2026-08-12 |
| USDA ERS — Rural-Urban Continuum Codes | direct | USDA ERS 2023 Rural-Urban Continuum Codes | 2026-08-02 |
| Zillow ZHVI and ZORI — county values and rents | direct | county ZHVI/ZORI 2026-06 | 2026-07-26 |
| Zillow ZHVI — metro home values | direct | Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv | 2026-07-26 |
| Zillow ZHVI — city home values | direct | zillow_zhvi_city.csv | 2026-07-29 |
| Zillow ZORI — metro market rents | direct | Metro_zori_uc_sfrcondomfr_sm_sa_month.csv | 2026-07-26 |
| Zillow ZORI — city market rents | direct | zillow_zori_city.csv | 2026-07-29 |
| Zillow ZORI - metro market rents, not seasonally adjusted | direct | Metro_zori_uc_sfrcondomfr_sm_month.csv | 2026-08-15 |
| Zillow ZORI — ZIP market rents | direct | ZORI ZIP 2026-06 | 2026-08-08 |