Few groups of homeowners in the United States are happier than people who live in Charleston, South Carolina, and it’s not just because they live in one of the most desirable areas of the country. The Charleston real estate market has proven to be one of the strongest markets for housing in the United States, with home values continuing to grow despite the overall market trends nationally. In fact, the housing market is so strong that U.S. News & World Report ranked Charleston as seventh out of 10 markets where housing prices are expected to grow in the next decade.
Why is the Charleston housing market expected to continue to grow through 2020? There are several reasons, with the strong job market being a major factor. Charleston has one of the most vibrant economies in the United States, buoyed by a strong technology sector. The affordable housing, low tax rates and high-quality work force has attracted high-tech firms to launch in or relocate to Charleston, making it one of the high-tech hubs of the South.