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The Cost of Renting vs. Buying a Home in Charleston


Some Highlights:

  • Historically, the choice between renting and buying a home has been a tough decision.
  • Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear.
  • Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year.

The gap between renting a home in Charleston and buying Charleston real estate has widened to a historic level! We’ve seen moderate appreciation in real estate, but seen rents exploding in Charleston year over year.

Give us a call today to find out how you can take advantage of owning a home in Charleston.

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