Rent to own Homes in Charleston, SC
Charleston is located on South Carolina's Atlantic coast, on the Charleston Harbor. The second largest and oldest city in the state, it's also South Carolina's fastest-growing city, with a population close to 700,000. The city is known for its historical significance, well-kept architecture, and popular eateries. And, it has good manners. The city was recognized as America's Most Friendly City and the Most Polite and Hospitable City in America, in 2011 and 2013, respectively.
Charleston, SC is a great place for affordable rent-to-own homes! With a median household income of over $72,071 and a median rent of $1,318, the Charleston, SC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Charleston, SC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Charleston, SC Property Resources
Rent to own Homes in Cities Near Charleston, SC
- Adams Run
- Awendaw
- Charleston
- Charleston Afb
- Cordesville
- Edisto Island
- Folly Beach
- Goose Creek
- Hanahan
- Hollywood
- Huger
- Isle of Palms
- James Island
- Johns Island
- Kiawah Island
- Ladson
- Lincolnville
- Meggett
- Moncks Corner
- Mount Pleasant
- North Charleston
- Pimlico
- Ravenel
- Rockville
- Sangaree
- Seabrook Island
- Sullivan's Island
- Summerville
- Wadmalaw Island
Neighborhoods in Charleston, SC
Sandhurst rent to own homes Oak Land rent to own homes Huntington Woods rent to own homes Washington Park rent to own homes Silver Hill - Magnolia rent to own homes Melrose rent to own homes Shadowmoss rent to own homes Old Windemere rent to own homes Byrness Downs rent to own homes Charlestowne rent to own homesBuying a Home in Charleston, SC
Charleston, SC is seeing rapid growth and Charleston, SC's' housing market remains not optimal with an average home price that is 60% above the 2024 national average. Charleston, SC is part of Charleston county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Charleston is 0.5% which is below the national average, which is 0.99%.
Median Home Price in Charleston, SC
Median Rent in Charleston, SC
Top Reasons to Live in Charleston SC
Housing Statistics With a rich history behind it and recognized as a friendly place to live, the median price of a house for sale is $197,500. There are a little over 1,500 homes for sale, with the average listing price of a house coming in at $550,000. The average home for rent will cost about $900 per month. The percentage of homes owned is 47, while 44% of people rent their home and 8% of homes are vacant. The majority of homes are single-family and multifamily homes, with a number of rent to own houses, vacation homes, and beachfront homes, as well.
Local Events and Festivals Charleston hosts a 17-day art festival each year called the Spoleto Festival USA. The internationally recognized festival draws artists from many different disciplines to the coastal city. The smaller Piccolo Spoleto Festival happens at the same time, with an emphasis on live performances. The Charleston Food and Wine Festival, the Lowcountry Oyster Festival, and the Taste of Charleston spotlight the city's local cuisine, while the Charleston Marathon and the Cooper River Bridge Run give locals a chance to burn off the calories.
Transportation and Commutes Most of the transportation in the city is provided by I-26 and Highways 17, 52, and 78. The South Carolina Port Authority is another main source of transportation for travel throughout the region and for travel to vacation spots like Bermuda. The second-largest expansion bridge, the Arthur Ravenel Jr. Bridge, connects Charleston with Mount Pleasant and has eight lanes, along with lanes for bicyclists and pedestrians.
Neighborhoods The Bristol: The average cost of homes in this area is $750,000. Most of the area offers luxurious condominiums. This is an upscale neighborhood surrounded by beautiful homes, restaurants, art centers, and the waterfront, which has amazing views of the water; and it's close to the downtown area.