Charleston, SC

Population: 127,999
Average annual home appreciation rate: 9.05%
Total of homes for sale in this market: 2269
Median home price: $284,402
Median Rent: $1,112 per room
Home price range: 29.03% of homes are between $224,001 – $336,000
Median sales price: $280,000
Number of homes: 761
Median foreclosure sales price: $176,947
Foreclosure discount: $78,053 ( 30.6% )
Most common home type: 49.70% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 12.98%
Number of renters: 45.98%
Number of owner occupied: 54.02%
Number people living below poverty level: 19.82%
Unemployment rate: 5.10%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Charleston area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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