Investment metrics, interactive calculators, and data-driven analysis for Charleston rental properties.
Pre-filled with Charleston medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Charleston.
Charleston, SC has a population of 156,110 and has been growing at 2.2% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $410,000 paired with median rents of $1,750/mo produces an estimated cap rate of 3.51%.
Property taxes at 0.57% are well below the national average of ~1.1%, providing a meaningful cash flow advantage many investors overlook. The vacancy rate of 4.8% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 6.0x, homes cost about 6.0 times the local median income of $68,400. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 4% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.
Bottom line: At current median prices, Charleston is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.