Summerville, 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
$1,860
Monthly Cash Flow
-$334
Principal + Equity
$2,313
Annual Total Gain
$23,755
Cash on Cash
-4.2%
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
#39out of 120 markets
Places with the Best Public Schools in South Carolina
#52out of 188 markets
Suburbs with the Best Public Schools in South Carolina
#50out of 120 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Summerville, SC.
In Summerville, SC, Short Term Rentals (STRs) are regulated by the town's zoning ordinances. Investors should be aware of the following regulations before purchasing a property for STR purposes:
1. Zoning Restrictions: Summerville has specific zoning districts where STRs are allowed. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing and Permits: STR operators in Summerville are required to obtain a business license and a short term rental permit from the town. These permits may have specific requirements and fees that must be met before operating an STR.
3. Occupancy Limits: Summerville may have occupancy limits for STRs, which could impact the number of guests allowed to stay in the property at one time. Investors should be aware of these limits and ensure they comply with them.
4. Noise and Nuisance Regulations: Summerville may have noise and nuisance regulations in place to ensure that STRs do not disrupt the peace and quiet of residential neighborhoods. Investors should be aware of these regulations and take steps to ensure their guests comply with them.
5. Taxes: Investors should be aware of any local taxes that may apply to STRs in Summerville, such as accommodations taxes or hospitality taxes. It is important to understand and comply with these tax requirements to avoid penalties.
6. Homeowner's Association (HOA) Restrictions: If the property is located in a neighborhood with a homeowners association, investors should review the HOA's rules and regulations regarding STRs. Some HOAs may have restrictions or prohibitions on short term rentals.
By being aware of and complying with these regulations, investors can ensure a smooth and successful investment in the Summerville, SC short term rental market.
Market Trends Over Time
Explore 25 years of market data for Summerville, 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 Summerville, SC.
The LTR Genie Score of Summerville, SC is 73 and STR Genie Score is 76, indicating a high level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0524% suggests a steady increase in rental demand, while the STR Net ROI of 28.02% is particularly attractive for short-term rental investors. The 1-Year Price Appreciation Forecast of 2.43% indicates a stable market with potential for growth.
Summerville, SC is a charming town known for its historic district, beautiful parks, and top-rated schools, making it an attractive location for both long-term and short-term rental investments. With a strong Genie Score for both rental strategies and a positive outlook for price appreciation, Summerville presents a promising opportunity for real estate investors.
Based on the metrics provided, Summerville, SC appears to be an attractive market for both long-term and short-term rental investments. The high LTR and STR Genie Scores, along with the positive Net ROI and occupancy rates, suggest that investors could potentially see strong returns in this market. Ultimately, it may be beneficial for investors to consider a diversified approach, investing in both long-term and short-term rental properties to capitalize on the various opportunities available in Summerville.
LTR Genie Score 93
$204,000
🛏 3 Beds🛁 3.0000 Baths🏙 1,601 sqft.🏠 SINGLE FAMILY
