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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +38.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −4.2% YoY, is the number to watch.
The median listing price is up 38.6% YoY while the median home got up 17.1% bigger, so value per square foot is up 8.8%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $1.16M purchase rents for $2,662/mo: 0.23% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 49 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 29403 itself, not its parent county.
Renters hold 67.1% of this ZIP's 10,862 occupied households, on a median household income of $67K.
| Measure | ZIP 29403 | Charleston County | Difference |
|---|---|---|---|
| Median Household Income | $67K | $88K | -$22K |
| Below Poverty Level | 25.8% | 11.3% | +14.5% |
| Median Age | 30.00 | 39.20 | -9.20 |
| Total Population | 22,533 | 420,264 | -- |
| Avg Household Size | 2.02 | 2.29 | -0.27 |
| Owner-Occupied | 32.9% | 63.9% | -31.0% |
| Worked From Home | 20.9% | 17.7% | +3.2% |
| Mean Commute | 17.30 | 25.10 | -7.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.3% to 420,264: residents under 18 are up 0.5% and those 65 and over are up 3.5%.
County median household income is $88K, 11.3% of residents are below the poverty level, 17.7% work from home.