Booming Real Estate: Best South Carolina Cities to Call Home

By Fernando
Last Updated 2 Sep 2024
Booming Real Estate: Best South Carolina Cities to Call Home
Image illustration of relocation to South Carolina

Housing market and best cities to live in South Carolina: Affordable housing options. Growing housing demand. Charleston's vibrant culture. Greenville's economic growth. Columbia's educational institutions. Myrtle Beach for coastal living. Spartanburg's business opportunities. Diverse architectural styles. Strong rental market. Historic neighborhoods.

Affordable housing options

Affordable housing options in South Carolina are available through programs like the Low Income Housing Tax Credit (LIHTC), with cities such as Lake City, Seneca, and Anderson offering affordable housing units, particularly beneficial for low-income households and those who may not qualify for Section 8 housing. For more detailed information on available properties, you can visit the Olympia Management website to explore their offerings.

Growing housing demand

The South Carolina housing market is experiencing growing demand driven by sustained job growth, particularly in the Charleston area, where limited supply meets high demand. This dynamic is leading to rising home prices despite stabilizing interest rates and an increase in housing inventory. For a deeper insight into these trends, you can visit the South Carolina Housing Market page to explore current forecasts and analysis.

Charleston's vibrant culture

Charleston is renowned for its vibrant culture, rich in history, with attractions like the Battery and Rainbow Row, making it a highly desirable and walkable city. The area is also known for its higher average housing prices, but offers a unique blend of historical charm and modern industry. For more information about the local housing market and more, visit the South Carolina Real Estate website.

Greenville's economic growth

Greenville, South Carolina, is experiencing steady economic growth driven by a strong local economy, a growing population, and a diverse industry base, making it one of the top 10 housing markets positioned for growth with projected increases in housing prices and sales. The city's real estate market has shown resilience during economic downturns and continues to attract businesses and individuals with its affordable housing options and booming economy. For a detailed overview of these trends, visit the Greenville South Carolina Real Estate Market Trends analysis.

Columbia's educational institutions

Columbia, the capital of South Carolina, is home to the University of South Carolina, the state's flagship public university and the largest in the state. The city also hosts other educational institutions, including the original building of South Carolina College, now part of the University of South Carolina, which was founded in 1801 to unite residents of the Upcountry and the Lowcountry.

Myrtle Beach for coastal living

The Myrtle Beach housing market is presently a buyer's market, boasting a median home sales price of $320,000 as of October 2024, reflecting a 10.7% increase from the previous year. Homes in this area are taking an average of 103 days to sell, highlighting a market dynamic influenced by higher interest rates and economic uncertainty. Additionally, there is a significant demand from out-of-state buyers, which lends to a relatively balanced market, slightly tilted in favor of buyers. For more detailed insights on the current trends and conditions in Myrtle Beach, visit the Myrtle Beach Housing Market page.

Spartanburg's business opportunities

Spartanburg offers robust business opportunities, particularly for small and minority businesses, through initiatives like Power Up Spartanburg, which provides access to capital, mentorship, technical support, and connections to large employers, making it an attractive location for entrepreneurs and business growth. The city's strong economy, driven by industries like manufacturing, healthcare, and logistics, and its affordable housing market, with a median home price around $160,000, also contribute to its appeal for both residents and investors.

Diverse architectural styles

South Carolina is renowned for its diverse architectural styles, including Colonial Revival, Lowcountry Vernacular, Charleston Single House, and Greek Revival, with cities like Charleston and Kiawah Island showcasing a rich architectural heritage that reflects the state's historical and cultural tapestry.

Strong rental market

The median rent in South Carolina is $1,897, with a year-over-year increase, and there are 6,278 available rentals. Cities like Charleston, North Myrtle Beach, and West Columbia are highlighted for their strong rental markets due to high demand, economic growth, and proximity to popular attractions and educational institutions. For more detailed insights into these trends, visit the South Carolina Market Trends page on Zillow. This platform provides valuable information on rental statistics and local market dynamics, helping both tenants and landlords make informed decisions.

Historic neighborhoods

In South Carolina, historic neighborhoods like the Old Village Historic District in Mount Pleasant are characterized by high median home prices, with homes selling for around $3.9M to $4.0M, and a relatively low competitive market. Homes in this area often sell below list price and take around 52 days to go pending. When compared to other historic districts, such as the Summerville Historic District, different trends emerge, with lower median prices and varying market competitiveness. For more detailed information on the housing trends in this area, you can visit the Old Village Historic District Housing Market page.



Last Updated 2 Sep 2024
Few years experience in logistics management and a keen eye for detail, Fernando has developed a reputation for providing practical and personalized moving tips that alleviate the stress often associated with relocation.

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