The typical owner-occupied home in Charleston is worth about $509,700, 97% above the South Carolina median of $259,000 and 53% above the national median of $332,700. Owners pay a median $2,214 a year in property taxes, about 0.43% of their home's value, lower than the South Carolina rate of 0.48%. The median household earns $92,414 a year, so the median home costs 5.5 times the median income (3.7 times for South Carolina). 56% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Charleston at a glance
| Charleston | South Carolina | U.S. | |
|---|---|---|---|
| Median home value | $509,700 | $259,000 | $332,700 |
| Median property tax paid per year | $2,214 | $1,251 | $3,119 |
| Property tax as a share of value | 0.43% | 0.48% | 0.94% |
| Median household income | $92,414 | $69,324 | $80,734 |
| Homes lived in by their owners | 56% | 72% | 65% |
| Owner homes with a mortgage | 69% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $2,253 | $1,529 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 19.7% | 21.0% |
| Median rent | $1,722 | $1,180 | $1,413 |
| Rent as a share of renters' income | 32.7% | 31.1% | 30.6% |
| Median year homes were built | 1995 | 1992 | 1980 |
| Vacant homes | 12.1% | 13.3% | 10.1% |
| Population | 154,338 | 5,296,225 | 334,922,499 |
What a typical home costs per month in Charleston
At this week's average 30-year rate of 7.11%, buying the median Charleston home of $509,700 with 20% down costs about $3,138 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,987, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $134,488 for the 20%-down payment. That payment is 41% of the median Charleston household income of $92,414; at that income and 20% down, the 28% guideline points to a home of about $350,000.
The median rent here is $1,722 a month, so owning the median home costs about $1,416 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $101,940 |
|---|---|
| Loan amount | $407,760 |
| Principal and interest | $2,743 |
| Property taxes (0.43% a year) | $183 |
| Homeowners insurance (our estimate, 0.5% a year) | $212 |
| PMI | $0 |
| Total per month | $3,138 |
Change the numbers in the calculator
| Down payment | $17,840 |
|---|---|
| Loan amount | $500,468 |
| Principal and interest | $3,367 |
| Property taxes (0.43% a year) | $183 |
| Homeowners insurance (our estimate, 0.5% a year) | $212 |
| FHA mortgage insurance | $225 |
| Total per month | $3,987 |
Change the numbers in the calculator
Questions about home buying in Charleston
What is the median home value in Charleston?
About $509,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Charleston?
Homeowners pay a median $2,214 a year, which is about 0.43% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Charleston?
For the median home with 20% down at 7.11%, the payment is about $3,138 a month. Keeping that under 28% of gross income takes about $134,488 a year.
More about Charleston
- Mortgage Refinance in Charleston
- Debt Relief in Charleston
- Home Equity Loans in Charleston
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data