Charleston County Real Estate and Livability Trends
Charleston County, South Carolina’s real estate market showcases a dynamic shift with median home values soaring from $243,200 in 2015 to $415,000 in 2022, suggesting a robust local market that might appeal to investors despite rising real estate taxes jumping from $2,957.11 to $4,990.50 within the same period. The decreasing percentage of farm tax returns hints at a shift towards urban and... Read more
Charleston County Market Trends
Charleston County, South Carolina has seen median home values soar from $243,200 in 2015 to $415,000 in 2022, outpacing state and national averages. This spike hints at a robust local market, appealing for investors eyeing substantial returns despite potential tax hikes, with real estate taxes rising from $2,957.11 to $4,990.50 in the same period. Notably, residential energy tax credits peaked at... Read more
Median Value of Occupied Housing Units in Charleston County, South Carolina Over the Last 8 Years
Charleston County, South Carolina has seen a surge in median home values over the last eight years, jumping from $243,200 in 2015 to $415,000 in 2022. This upward trend outpaces both the state of South Carolina, which increased from $139,900 to $216,200 in the same period, and the national average, which rose from $125,500 to $179,400. This could indicate a robust local real estate market, potentially driven by demand, economic factors, and perhaps the appeal of the Charleston area itself. For investors, this rapid appreciation may suggest opportunities for substantial returns, while for prospective residents, it underscores a competitive market where property values are growing.
Residential Energy Tax Credit Per Tax Return in Charleston County, SC Over the Last 9 Years
Charleston County, South Carolina has seen a notable trend in residential energy tax credits over the past nine years, with values peaking in 2018 at $4677.78 before decreasing to $1656.29 in 2021. This fluctuation could indicate shifts in local energy investments or policy changes impacting tax benefits. This trend might be of interest to investors, real estate agents, and homeowners considering energy-efficient upgrades. Analyzing these patterns could provide insights for future tax credit potentials and real estate market dynamics in the region.
Average Real Estate Taxes Per Tax Return in Charleston County, SC Over the Last 10 Years
Charleston County, South Carolina has seen a notable increase in average real estate taxes per tax return over the past decade, especially rising sharply from $2,957.11 in 2015 to $4,990.50 in 2021. This trend suggests that real estate investments could face higher ongoing costs, which might be a critical factor for those looking to invest, build, or move to this area. For appraisers, insurance agents, and real estate agents, staying abreast of these changes could be crucial for accurate property valuations and advising clients effectively. This upward trajectory in real estate taxes can impact property affordability and budget considerations for current and prospective residents.
Percentage of Farm Returns in Charleston County, SC Over the Last 10 Years
Over the past 10 years, Charleston County, South Carolina has seen a slight but steady decline in the percentage of farm tax returns, from around 0.35% in 2012 to approximately 0.28% in 2021. Farm tax returns reflect the income reported by agricultural operations, which can signal the health and productivity of the farming sector in the area. For potential investors, developers, or new residents, this trend may imply a shift in the local economy that could affect land use, property values, and the types of available investments. While farm returns are just one economic indicator, a declining percentage might suggest more urban or commercial development opportunities that are reshaping the region's economic landscape.
Number of Mortgages by Occupancy Type in Charleston County, SC Over the Last 5 Years in Charleston County
In Charleston County, South Carolina, mortgage counts for principal residences typically outnumber those for investment properties and second residences. However, there has been some fluctuation, especially between 2020 and 2022, where a notable drop is seen post-2020 in principal residence mortgages, possibly indicating less demand or higher market barriers. For potential investors and real estate agents, these trends could suggest shifting priorities in property purchases, which might affect market strategies or valuation models. Insurance agents and appraisers should pay attention to these shifts, as they can impact risk assessment and property values. Understanding these trends may also offer insights for residents considering the long-term implications for community growth and infrastructure development.
Economic Outlook
Charleston County, South Carolina has seen average taxable income per tax return nearly double from $67,250.17 in 2013 to $133,888.36 in 2021, hinting at growing economic affluence. This financial uptick, especially notable between 2020 and 2021, aligns with a higher influx of higher-earning residents or thriving local industries. Concurrently, average state and local income taxes per tax return have risen from roughly $8,143.03 in 2012 to about $21,720.41 in 2021, reflecting a possibly robust... Read more
Average Taxable Income per Tax Return in Charleston County, SC over the last 9 years
Charleston County, South Carolina has seen a notable increase in average taxable income per tax return over the past nine years, with figures rising from $67,250.17 in 2013 to $133,888.36 in 2021. This upward trend signals potential economic growth and increasing affluence, making the area potentially attractive for investors and real estate developers. The sharp rise, especially between 2020 and 2021, which saw an increase of over $30,000, could indicate shifts in higher-earning residents or industries thriving in the region. Such changes are particularly relevant for appraisers, insurance agents, and anyone involved in the housing market, as they reflect a strengthening economic base that may drive property values and demand.
Average State and Local Income Taxes Per Tax Return in Charleston County, SC Over the Last 10 Years
Charleston County, South Carolina has seen a notable rise in average state and local income taxes per tax return over the past decade. Starting at approximately $8,143.03 in 2012, there has been a general upward trend, peaking at around $21,720.41 in 2021. This gradual increase, with significant jumps especially in the latter years, signals potential higher returns or economic activity in the region. For investors, real estate agents, and those considering a move to Charleston County, these figures might suggest a robust economic climate but could also indicate a rising tax burden.
Average Total Tax Liability Per Tax Return in Charleston County, SC Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Charleston County, South Carolina has shown a significant upward trend, jumping from $12,401.84 in 2012 to $28,408.44 in 2021. Such a trend may suggest a combination of rising income levels, increased property values, and possibly enhanced local economic activities. For potential investors, property developers, and real estate agents, these figures can be a strong indicator of the county's economic health and attractiveness. It's likely critical for property owners and insurance agents to consider these factors since they might affect property taxes, insurance premiums, and overall cost of living in the area.
Cost of Living in Charleston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,955 | $1,709 | $1,801 | $1,250 | $1,638 |
| 1 adult 4 children | $1,955 | $1,396 | $1,376 | $1,250 | $1,753 |
| 2 adults 3 children | $1,955 | $1,396 | $1,563 | $1,250 | $1,346 |
| 1 adult 3 children | $1,955 | $1,140 | $1,138 | $1,250 | $1,504 |
| 2 adults 2 children | $1,573 | $1,143 | $1,325 | $1,127 | $1,064 |
| 1 adult 2 children | $1,573 | $854 | $900 | $1,127 | $1,120 |
| 2 adults 1 child | $1,573 | $903 | $1,087 | $730 | $1,022 |
| 1 adult 1 child | $1,573 | $583 | $663 | $730 | $947 |
| 2 adults | $1,392 | $726 | $850 | $0 | $868 |
| 1 adult | $1,362 | $396 | $425 | $0 | $809 |
Safety trends & Data
In Charleston County, South Carolina, property crime trends over the past five years have shown some noteworthy shifts. While larceny-theft is still the most common crime, its occurrence has notably decreased from 1,601 cases in 2018 to 879 in 2022. Burglary and vandalism incidents displayed fluctuations, with vandalism peaking in 2021 at 259 cases but dropping to 198 by 2022. Fraud has steadily decreased from 250 cases in 2018 to 115 in 2022. These trends may offer investors and real estate... Read more
Property Crime Trends in Charleston County, SC Over the Last 5 Years
Over the last five years in Charleston County, South Carolina, property crime trends have shown variable patterns. While larceny-theft remains the most prevalent crime, there has been a general downtrend from 1,601 cases in 2018 to 879 in 2022. Burglary incidents also exhibited fluctuations with a notable drop in 2021 to 159 cases but slightly increased again in 2022 to 190 cases. Vandalism numbers peaked in 2021 at 259 occurrences but declined to 198 by 2022. Fraud cases have steadily decreased over the years, from 250 in 2018 down to 115 in 2022, which could be of interest to fraud specialists and insurance agents. Embezzlement and forgery rates seem relatively low but have varied year to year. These trends may hold significant implications for potential investors, real estate agents, and current residents by offering insights into the safety and risk factors associated with various types of property crime in the area.
Demographics
Charleston County, South Carolina, exhibits a slightly higher female population compared to males. The area shows a diverse educational landscape with a significant portion holding a bachelor's or a higher degree, indicating a relatively educated populace. The age distribution highlights a significant concentration of residents aged 25 to 34, suggesting a potentially dynamic and economically active segment. Racially, the county appears predominantly White, followed by a sizable Black or African... Read more
Race Distribution in Charleston County, South Carolina (2022)
Educational Attainment in Charleston County, South Carolina (2022)
Age Distribution in Charleston County, South Carolina
Citizen Population in Charleston County, South Carolina (2022)
Political Trends & Data
Charleston County, South Carolina, might have seen Democrats gaining roughly 55.5% of the vote in the 2020 U.S. Presidential Election, while Republicans captured around 42.6%. The minimal presence of third-party candidates, who collectively garnered less than 2%, could indicate a competitive political landscape. This voting trend suggests potential implications for future elections and local policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Charleston County, South Carolina, might have shown a slight lean towards Democratic preferences in the 2020 U.S. Presidential Election, with Democrats potentially capturing around 55.5% of the vote compared to Republicans' roughly 42.6%. The presence of third-party candidates, such as Libertarians and Greens, seemed minimal, collectively making up less than 2% of the vote. This data might suggest a competitive political landscape, with potential implications for future elections and policy focus in the county.
42.63% of voters voted for the Republican party in the 2020 Presidential Election
55.51% of voters voted for the Democrat party in the 2020 Presidential Election
1.45% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Green party in the 2020 Presidential Election
0.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Charleston County, South Carolina's student-to-teacher ratio has generally hovered around the national average of 14 students per teacher but has seen fluctuations, peaking at nearly 15 in 2020 and falling to around 13 in 2022. These trends could have significant implications for investors, real estate agents, and potential residents, as lower ratios often suggest better learning environments, potentially boosting property values and making the area more attractive. For insurance agents and... Read more
Student-to-teacher ratio in Charleston County, South Carolina over the last 10 years
Charleston County, South Carolina has shown fluctuating student-to-teacher ratios over the past decade, with the numbers generally hovering around the national average of 14 students per teacher. For example, the ratio peaked at nearly 15 students per teacher in 2020 but fell to approximately 13 in 2022. These variations could signal impactful trends for stakeholders like investors, real estate agents, and potential residents, as lower student-to-teacher ratios often imply better learning environments, potentially driving up property values and making the area more attractive. For insurance agents and appraisers, recognizing these trends helps in assessing the community's growth and the desirability for potential homebuyers.
