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North Charleston, 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
$1,701
Monthly Cash Flow
-$172
Principal + Equity
$2,427
Annual Total Gain
$27,059
Cash on Cash
-2.66%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$316
Occupancy Rate
74.19%
Monthly Revenue
$5,609
Monthly Cash Flow
$2,894
Principal + Equity
$2,427
Annual Total Gain
$63,856
Cash on Cash %
44.67%
Net ROI %
Market Health & Growth
Median Income
$62,789
Population
117,460
LTR Renter %
51.49%
Forecast (1 yr)
2.5%
Appreciation (1 yr)
-1.91%
Appreciation (5 yr)
53.44%
Appreciation (10 yr)
124.94%
Job Growth
1.97%
LTR Rentability
Very High
STR Demand
74
STR Rentals
2,690
Top Public Schools
AAcademic Magnet High School
A-Charleston School of the Arts
A-
A-
A-
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 Cities in America
#49out of 229 markets
Best Cities for Young Professionals in America
#148out of 229 markets
Cities with the Best Public Schools in America
#123out of 229 markets
B-
Public School
D
Crime And Safety
C
Housing
B
Nightlife
C
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 North Charleston, SC.
As of September 2021, North Charleston, SC has regulations in place for short-term rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Zoning Restrictions: North Charleston has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering is located in a zone that permits short-term rentals.
2. Business License Requirement: All STR operators in North Charleston are required to obtain a business license from the city. This license must be renewed annually and failure to do so can result in fines or other penalties.
3. Occupancy Limits: There are occupancy limits in place for STRs in North Charleston, which vary depending on the size of the property. Investors should be aware of these limits and ensure they are in compliance.
4. Noise and Nuisance Regulations: North Charleston has noise and nuisance regulations that STR operators must adhere to. This includes restrictions on loud parties, excessive noise, and other disturbances that may disrupt the peace and quiet of the neighborhood.
5. Safety and Building Code Compliance: STR properties in North Charleston must meet all safety and building code requirements. Investors should ensure that the property they are considering is up to code and in compliance with all regulations.
6. Taxation: STR operators in North Charleston are required to collect and remit certain taxes, including accommodations taxes and hospitality taxes. Investors should be aware of these tax obligations and ensure they are properly accounted for.
7. Homeowner's Association Restrictions: If the property is located in a neighborhood with a homeowner's association (HOA), investors should review the HOA's rules and regulations regarding short-term rentals. Some HOAs may have additional restrictions or requirements for STRs.
Overall, investors should thoroughly research and understand the regulations and requirements for short-term rentals in North Charleston before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, or other consequences that may impact the success of the investment.
Market Trends Over Time
Explore 25 years of market data for North Charleston, 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 North Charleston, SC.
The LTR Genie Score of North Charleston, SC is 87 and STR Genie Score is 95, indicating very high rentability for both long-term and short-term rental investments. The high scores can be attributed to the strong LTR Net ROI of 34.81% and impressive STR Net ROI of 82.14%. The LTR Rent Growth Rate of 0.0639% suggests steady growth in rental prices, while the 1-Year Price Appreciation Forecast of 2.5% indicates a positive outlook for property values. The high STR Occupancy rate of 74.19% and STR Revenue of 5609 further support the attractiveness of the short-term rental market in North Charleston.
North Charleston, SC is a growing city with a diverse economy, including a strong presence of aerospace, automotive, and manufacturing industries. The area is also home to several universities and military installations, providing a stable tenant base for real estate investors.
Considering the high Genie Scores, strong ROI metrics, and positive market indicators, North Charleston, SC appears to be an attractive market for both long-term and short-term rental investments. Investors may benefit from diversifying their portfolio by exploring opportunities in both rental strategies to maximize returns in this promising market.