Solving the Mystery of Charleston Median Home Prices

Zillow says Charleston Median Home Prices are $234,700. BestPlaces says it is $212,000. Even Forbes is claiming it to be $219,800. So, who would blame you for thinking Charleston is quite affordable when you are envisioning your future move here? Close to the historic center, close to the beaches, for under $250,000....you can't get better living than that. Unfortunately, those numbers are misleading. Often they include the tri-county area - Charleston, Berkeley and Dorchester (and those last two can be an hour out from the historic City Center or FAR). Often they include a vast ...click to read more...
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7 Responses to Solving the Mystery of Charleston Median Home Prices

  1. Tom Grubisich says:

    Kris,

    Your stats are an excellent corrective to those alluring median “Charleston” home prices. But is it not possible to break out prices for “Below Broad and mid- and upper Peninsula? Couldn’t a millennial couple find a fixer-upper in the Cannon-Spring Streets area for somewhere between $200,000-$300,000?

    • hi Tom! Thanks for your kind comments. For the purposes of this post I didn’t break out the Peninsula prices but you are right, the neighborhoods vary greatly. At this point, unless a buyer had at least $100,000 for renovations, and probably closer to $200,000, it probably would not be feasible to find a property in that price range in those neighborhoods.

      • Tom Grubisich says:

        Kris,

        You’re right about renovation costs, if you hire out for everything. But some daring buyers do the less-skilled work themselves. I did a lot of the rehab of a carpenter gothic house I once owned in Northern Virginia. I said, afterwards, I’d never do it again — and didn’t — but it saved money.

  2. Nelia says:

    I started a search about 18 months ago with a max budget of $500K and an unwillingness to compromise on location…Historic French Quarter…purchased a condo but the cost was double my initial “budget”. Location, location, location!!!
    Love your articles – I always learn something relevant.

  3. Jennifer says:

    This is so extremely helpful, thank you for posting this! My husband and I are planning a move to Charleston in the near future. We will be renting first and buying a little ways down the road. It’s difficult as an outsider decoding all the different areas and deciding what is affordable for us. This really helps narrow it down!

    • Jennifer I am so glad you found my map useful!! I know it can be confusing, particularly with the “Charleston” addresses since there are so many different areas with ‘Charleston’! I’d be happy to help you guys out with some advice on renting locally until you are ready to buy. Have a great weekend!

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