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Mount Pleasant, 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
$2,378
Monthly Cash Flow
-$2,019
Principal + Equity
$6,177
Annual Total Gain
$49,898
Cash on Cash
-11.26%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$277
Occupancy Rate
76.67%
Monthly Revenue
$4,808
Monthly Cash Flow
-$309
Principal + Equity
$6,177
Annual Total Gain
$70,407
Cash on Cash %
-1.73%
Net ROI %
Market Health & Growth
Median Income
$121,364
Population
92,662
LTR Renter %
26.33%
Forecast (1 yr)
2.95%
Appreciation (1 yr)
0.42%
Appreciation (5 yr)
75.65%
Appreciation (10 yr)
109.88%
Job Growth
1.36%
LTR Rentability
High
STR Demand
73
STR Rentals
536
Top Public Schools
AAcademic Magnet High School
A-Wando High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A
Overall
Top-level market grade
Best Places to Raise a Family in South Carolina
#4out of 188 markets
Best Places for Young Professionals in South Carolina
#4out of 188 markets
Best Suburbs for Young Professionals in South Carolina
#2out of 120 markets
A
Public School
B-
Crime And Safety
C
Housing
B
Nightlife
A
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Mount Pleasant, SC.
Mount Pleasant, SC has specific regulations in place for short term rentals that investors should be aware of before purchasing a property for this purpose.
1. Permit Requirement: Short term rentals in Mount Pleasant require a permit from the town. Investors must apply for a permit and meet certain criteria to be approved for short term rental operations.
2. Occupancy Limits: There are occupancy limits for short term rentals in Mount Pleasant, with a maximum number of guests allowed per property. Investors must ensure they comply with these limits to avoid fines or penalties.
3. Noise Regulations: Mount Pleasant has noise regulations in place to ensure that short term rentals do not disrupt the peace and quiet of residential neighborhoods. Investors must inform guests of these regulations and take steps to prevent noise disturbances.
4. Parking Restrictions: There are parking restrictions for short term rentals in Mount Pleasant, with a limited number of parking spaces allowed per property. Investors must ensure that guests comply with these restrictions to avoid any issues with the town.
5. Taxation: Short term rentals in Mount Pleasant are subject to local accommodation taxes, which must be collected and remitted to the town. Investors must be aware of these tax obligations and ensure they are in compliance with all tax regulations.
6. HOA Regulations: If the property is located within a homeowners association (HOA), investors must also be aware of any additional regulations or restrictions that may apply to short term rentals. Some HOAs may have their own rules regarding short term rentals that investors must follow.
Overall, investors looking to purchase a property for short term rental in Mount Pleasant, SC should thoroughly research and understand the regulations and requirements in place to ensure they are in compliance and can operate their rental property successfully.
Market Trends Over Time
Explore 25 years of market data for Mount Pleasant, 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 Mount Pleasant, SC.
The LTR Genie Score of Mount Pleasant, SC is 74 and STR Genie Score is 82, indicating a high level of attractiveness for both long-term and short-term rental investments. The high STR Genie Score suggests that the short-term rental market in Mount Pleasant is particularly strong, with a high occupancy rate of 76.67% and a solid revenue of $4,808. On the other hand, the LTR Genie Score of 74 also indicates a favorable environment for long-term rental investments, with a net ROI of 23.2% and a rent growth rate of 0.0598%.
Mount Pleasant, SC is a rapidly growing suburb of Charleston known for its beautiful waterfront views, excellent schools, and family-friendly atmosphere. The area has seen steady population growth and strong demand for rental properties, making it an attractive market for real estate investors.
Overall, Mount Pleasant, SC presents a promising opportunity for both long-term and short-term rental investments. With high Genie Scores in both categories and positive forecasts for rent growth and price appreciation, investors may consider diversifying their portfolio by investing in both rental strategies in this market. Additionally, the area's strong fundamentals and growth potential make it a favorable choice for real estate investment.