Goose Creek, SC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,938
Monthly Cash Flow
$134
Principal + Equity
$2,146
Annual Total Gain
$27,353
Cash on Cash
2.01%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in South Carolina
#30out of 120 markets
Most Diverse Places to Live in South Carolina
#46out of 188 markets
Best Suburbs for Young Professionals in South Carolina
#40out of 120 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Goose Creek, SC.
In Goose Creek, SC, short term rentals are regulated by the city's zoning ordinances. As of now, the city does not have specific regulations in place for short term rentals, but it is always recommended to check with the local government for any updates or changes in regulations.
However, investors should be aware that there may be restrictions on short term rentals in certain neighborhoods or communities within Goose Creek. Some homeowners associations may have rules prohibiting short term rentals or requiring approval before operating one.
Additionally, investors should be aware of any potential taxes or fees associated with operating a short term rental in Goose Creek. Some cities require hosts to obtain a business license or pay occupancy taxes on short term rental income.
It is important for investors to thoroughly research and understand the regulations and requirements for short term rentals in Goose Creek before purchasing a property for this purpose. Failure to comply with local regulations could result in fines or other penalties.
Market Trends Over Time
Explore 25 years of market data for Goose Creek, SC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Goose Creek, SC.
The LTR Genie Score of Goose Creek, SC is 86 and STR Genie Score is 85, indicating that both long-term rental and short-term rental investment opportunities in this market are very high. The high scores can be attributed to the high LTR Rentability, positive LTR Rent Growth Rate, strong LTR Net ROI, and impressive STR Net ROI. The 1-Year Price Appreciation Forecast of 2.6% also suggests a stable market with potential for growth.
In comparison, the LTR Genie Score is slightly higher than the STR Genie Score, indicating that long-term rental investment may be slightly more favorable in Goose Creek, SC. However, with a STR Occupancy rate of 64.52% and STR Revenue of 2560, short-term rental investment also presents a lucrative opportunity in this market.
Overall, Goose Creek, SC appears to be an attractive market for both long-term rental and short-term rental investment. Real estate investors may consider diversifying their portfolio by investing in both rental strategies to maximize their returns in this growing market.
Located in Berkeley County, South Carolina, Goose Creek is a rapidly growing city with a strong economy driven by industries such as aerospace, defense, and manufacturing. The city offers a suburban feel with a mix of residential neighborhoods, parks, and shopping centers, making it an appealing location for both tenants and vacationers. With its proximity to Charleston and the coast, Goose Creek is also a popular destination for tourists, further enhancing the rental market potential for investors.
LTR Genie Score 93
$225,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,452 sqft.🏠 SINGLE FAMILY
