TOP REAL ESTATE INVESTMENT LOCATIONS IN CHARLESTON, SC
Not only is Charleston, South Carolina, a great area to settle down and live, but it’s also a great spot to make real estate investments. Charleston has a balanced population of all ages, from seniors and families to transients. You’ll want to know all the top neighborhoods in Charleston if you’re considering purchasing an investment property there soon. Let’s look at the top Charleston areas that are worthwhile for your money:
Charleston and its surrounding areas provide a wide selection of properties for real estate investors, from opulent waterfront houses to a downtown filled with condos and flats.The tourist, technology, and transportation industries are all growing, which boosts Charleston’s robust and diversified economy.Almost any city’s downtown region offers excellent returns on investment in residential property.
There will always be a need for it because the Downtown area of Charleston is the center of the city and has a ton of dining, drinking, and entertainment options. $422,836 is the median value of homes in the town, and you can find a great investment property downtown with the help of Charleston, SC realtors.
The quickly expanding city of Greenville offers some intriguing real estate investment options, with property values jumping by almost 20% in the previous year. The median home value is over $307,000, and there is still an opportunity for growth.
An influx of new people has contributed to the increase in housing prices; Greenville’s population has increased by 21% in the last ten years to slightly over 500,000. A varied economy is beneficial for Greenville as well.
James Island is a little coastal community with a lot of beauty and is located on South Carolina’s southernmost point. It has a higher proportion of tenants who are permanent residents, but it still has many benefits for visitors, including close entertainment, dining, and, of course, the harbor. The metropolitan center is also very close (only a 10-minute drive away). The average monthly rent for residential homes on the market is $1,300, which is excellent for investors.
With a population of 22,545, Greenwood is a city in what the locals refer to as the “Lakelands” of eastern South Carolina. A short distance separates Greenwood from Lake Greenwood, an 11,000-acre body of water with 212 miles of shoreline. Recreational fishing, boating, and hiking are all prevalent here.
With a median house worth slightly over $158,000, Greenwood presents a desirable entry point for real estate investing and a solid ROI for buy-and-hold investors. The region has a substantial but long-term appreciation rate of more than 15%. It is the location of the Festival of Discovery and South Carolina Festival of Flowers, among other attractions and parks.
Additionally, Greenwood is home to Lander University, which offers the chance to purchase student housing and be a steady source of employment for the foreseeable future.
A key takeaway
Working with a top agent knowledgeable about the local market is a tried-and-true strategy to constantly uncover good real estate bargains and negotiate like a pro.