Charleston Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$243,700

  • 8.5% 1-year change
  • 2.9% 1-year forecast

The median home value in Charleston is $243,700. Charleston home values have gone up 8.5% over the past year and Zillow predicts they will rise 2.9% within the next year. The median rent price in Charleston is $1,650, which is higher than the Charleston Metro median of $1,475.

Foreclosures will be a factor impacting home values in the next several years. In Charleston 2.1 homes are foreclosed (per 10,000). This is lower than the Charleston Metro value of 3.1 and also lower than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Charleston is 4.2%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Charleston homeowners underwater on their mortgage is 10.8%, which is lower than Charleston Metro at 13.4%.

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Relative ZHVI
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Charleston Market Overview

Data through Jul 31, 2015
  • $243,700 ZHVI
  • 2.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $257,528 Median sale price
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Charleston Market Health

Data through Jul 31, 2015
  • 8.0/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.8% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 4.2% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

2 Charleston
3 Charleston Metro
4 United States
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Nearby Cities

Name Median ZHVI
Sullivans Island $1,253,400
Kiawah Island $818,300
Folly Beach $509,400
Name Median ZHVI
Mount Pleasant $332,400
Hollywood $198,600
Hanahan $169,000
Name Median ZHVI
Ravenel $156,700
Goose Creek $134,800
North Charleston $114,300

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $158 Median sale price / sq ft
  • No data Listings with price cut
19.5%
Sold below previous sale price
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Charleston Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,687 Charleston
    $1,465 Charleston Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,650 Rent list price
  • $1.19 Rent list price / sq ft
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