The Wilson's #540.
Apartments in the Lowcountry are less expensive than the national midpoint, and prices are falling just as rates across the country are on the rise.
In its June study, Apartment List notes that Charleston's median rent stands about 6 percent below the national average. "As rents have fallen in Charleston, many other large cities nationwide have seen prices increase, in some cases substantially. Charleston is still more affordable than most similar cities across the country,..." the company says.
The Apartment List monthly report tracks rent growth, median prices and market trends. This month, the company includes major updates to its calculations. The changes generally have to do providing rent estimates that guard from skewing toward luxury apartments as in the past.
Among highlights of the local apartment outlook:
Rents in Charleston dipped 0.1 percent in the past month, and sank 2.3 percent year-over-year.
* Midpoint rental prices tend to be more affordable here than comparable cities elsewhere in the U.S: Charleston's median two-bedroom rent is below the national average. San Francisco, by contrast, has a median two-bedroom rent of more than twice the price in the Lowcountry.
* Charleston's year-over-year rent change lags the state average, up 1.6 percent, as well as the national 2.6 percent average growth. Countrywide, rents have risen 0.5 percent in the past month.
For more information on apartments in Charleston, SC contact Abberly West Ashley.
In its June study, Apartment List notes that Charleston's median rent stands about 6 percent below the national average. "As rents have fallen in…
The costs of leasing apartment homes or other rental properties in the Lowcountry rose slightly in the past month but still lag last year by close to 2 percent. Rents in greater Charleston increased 0.8 percent in June from 30 days earlier, according to San Francisco-based Apartment List online rental marketplace. However, lease prices are down 1.7 percent year-over-year in metro Charleston, the company says.
Median rent prices in the Lowcountry are "more affordable than co...mparable cities nationwide," the company notes. Charleston's median two-bedroom rent is below the national average.
By comparison, the Apartment List national rent increased 0.5 percent in the past month and stands 2.9 percent higher than a year ago.
For more information on apartments in Charleston, SC contact Abberly at West Ashley,
Stop by tomorrow for our monthly Hump Day Happy Hour. We will be joined by Bac'N Me Crazy Food Truck from 5-8PM and we will be serving Mimosas in the clubhouse from 5-7PM.
There’s a lot of hype about why you need to own a house. But buying a house isn’t the key to financial security for everyone – and those alleged tax advantages? They are not quite what they’re painted to be.
Here’s a list of eleven reasons – many of them tax-related – why some don’t want to ever own a house again:
As investments go, it’s not always a great deal....
Here’s a list of eleven reasons – many of them tax-related – why some don’t want to ever…
There are certain things that as a new college graduate you have little control over, such as when you're forced to join the real world. If you happened to graduate in 2008 — when the economy was hemorrhaging jobs while the stock and housing markets were collapsing — you were somewhat out of luck. Still, there were things you could have done to improve your financial odds even in the Great Recession, such as picking a city with the best odds of finding a good-paying job and a...n affordable place to live.
Which begs the question: Where are those cities for young grads today?
The real estate site Trulia and the careers site Indeed have teamed up to look at which cities provide the best combination of affordable rental properties and the types of jobs that typically employ new grads.
Their conclusion: Finding the ideal place to work and live is tricky, because the market in which you might find the best-paying jobs may also happen to be too pricey for a 22-year-old to afford rent.
There are parts of the country that have the highest percentage of jobs that were amenable to those right out of college. Almost a third of all postings in San Jose were "grad-friendly," and recent grads could expect to earn around $3,333 a month.
Trouble is, all of that economic activity has dramatically driven up demand and prices for homes and apartments. In the San Jose market, new grads can only afford 2.5% of the available rental listings in the area.
Do new grads have to choose between a paycheck in their pocket or a roof over their head? To an extent, yes.
Yet the researchers note that there are some "sweet spots" that offer the best of both worlds.
MONEY took the data from the survey and organized it a bit differently.
We eliminated any location where less than than 10% of the housing market was accessible to new grads, and then looked at the top job markets among the remaining towns on the list. We found the Top 50 of those markets, Charleston-North Charleston, SC is number 22.
22. Charleston-North Charleston, SC %
Monthly Income: $2,544
Percentage of Listings Affordable to Recent College Grad: 11.5%
Percentage of Grad-Friendly Job Postings:13.9
For more information on apartments in Charleston, SC contact Abberly at West Ashley.
Time - Money
South Carolina has experienced rapid growth in the last 30 years, much of it from retirees seeking a warmer climate and lower cost of living. As more and more baby boomers begin to retire that trend is certain to continue. Retirees have been moving into all parts of the state, the area in the southwest low country, but near Hilton Head has experienced the most explosive growth.
South Carolina's population is growing. Some of that growth is coming from retirees entering the... state. Obviously the housing market crash has impacted sales and prices in 55+ and active adult communities in SC, but probably less so than for the housing market in general. For the record, South Carolina has an income tax maximum rate of 7%, people over 65 get some significant exemptions.
Thanks to the great success of Hilton Head Island as a vacation and retirement spot, the entire southwestern area of the state is now a retirement hot bed. Part of the attraction is the many rivers and bays are in the area, making waterfront living possible for many people at somewhat reasonable prices. The region is dotted with active adult communities to explore.
What People Like about this area of SC:
* Mild winter climate
* Being near the coast, bays, and rivers
* Cachet and prestige of Hilton Head
* Brand new,master-planned developments
* Outstanding recreation such as golf, tennis, fishing, boating
* Many of the towns are charming
This part of SC is definitely one of the best retirement regions in the world. For more information on apartments in Charleston, SC contact Abberly at West Ashley.
Abberly West Ashley is partnering with Marco's Pizza for another 1/2 off your entire order with delivery on Wednesday, June 21st.
Call Marco's at 843-818-4700 to place you order throughout the day!
Charleston is a very livable place according to areavibes.com, and its residents would agree! It’s a great city for anyone with an interest in history – being the oldest city in the state of South Carolina, and its largest too, home to around 125,000 people in the city proper, and just over 691,000 in the metro area. Charleston has won many accolades since, including America’s Most Friendly City. So just what is it like to live in Charleston?
Crime and Safety in Charleston
We want to remind everyone we only have a few spots left for our June 8th Paint Night. It is $10 a person which is paid in the office when you sign up. All supplies are included as well as wine and hors d'oeurves for the night. Stop by the office to sign up an see the painting in person.
Please be aware that an alligator has made its way to the Abberly West Ashley pond. We have already contacted SCDNR to have it removed but we are legally required to have a permit prior to doing so. We are working on having this resolved as soon as possible but please in the mean time DO NOT try to touch or feed it.