WalletHub releases its 2022 Best Real Estate Markets Survey Results – Where did Charleston, SC rank?
This year Charleston, South Carolina was overall the 66th best real estate market out of 300 (Top 22%) cities and 21st in the Small City Category out of 135.
Click Here for the Full Results
How were the results compiled?
Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. This year, the housing market is skewed much more toward sellers, with mortgage rates having nearly doubled in the past year and home values have risen nearly 21% on average.
If you aim for long-term growth, equity, and profit with your housing purchase, you’ll need to look beyond tangible factors like square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents.
To determine the best local real-estate markets in the U.S., WalletHub compared 300 cities of varying sizes across 17 key indicators of housing-market attractiveness and economic strength. Our data set ranges from median home-price appreciation to job growth.
Additional Reading: Charleston Rental Forecast 2023
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