South Carolina Cities Rank in Top Housing Markets for 2020

South Carolina Cities Rank in Top Housing Markets for 2020

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Category : Real Estate , Real Estate

The state of South Carolina has a lot to offer homebuyers, according to a new survey compiled by realtor.com. Two South Carolina cities—Columbia and Charleston—have secured a seat in the report, which lists the top 10 housing markets for 2020. Whether you are a native South Carolinian looking for a change of pace or an out-of-state resident planning to move to the Palmetto State, be sure to keep these two cities in mind when looking to purchase your new home.

Why South Carolina?

According to realtor.com, homeowners are tending to move away from expensive coastal regions in favor of more reasonably-priced locations. According to Danielle Hale, chief economist for realtor.com, “[t]he cities that we expect to do best in 2020 are not necessarily big, fancy, coastal cities, but secondary markets where the job market is still pretty good but housing is affordable.”

Columbia

The capitol of the Palmetto State ranked #5 in the top 10 real estate housing markets of 2020, thanks in part to large-scale operations which draw a great number of people to the city, such as the University of South Carolina, the Fort Jackson Army Base, and the Amazon Fulfillment Center.

The city of Columbia is also home to a number of attractions to keep residents and visitors occupied, including the Riverbanks Zoo and the South Carolina State Museum. Downtown Columbia has also experienced a revitalization over the past few decades, and is now home to a multitude of high-end restaurants and activities such as luxury bowling, axe-throwing, and TopGolf.

If you are looking into moving to Columbia, you can expect a median home price of around $175,000. Those who are looking for more cost-effective options can search for homes in the Rosewood neighborhood, which is just a few minutes from the University of South Carolina.

Charleston

Charleston, South Carolina is a tourist favorite, with the city consistently taking spots on surveys of the best cities in the nation. The city has become a popular area for retiring baby boomers, and its mild climate has attracted a large number of northerners who seek to escape unbearably cold weather. The city is also home to the Charleston Air Force Base, Boeing, and Volvo, all of which draw a large number of people to the area.

Although historic homes on the Charleston peninsula are quite pricey, the surrounding suburbs are more reasonable, with the average home costing around $270,000. Mount Pleasant, a suburb just outside Charleston, has a multitude of single-family homes that are perfect for new homebuyers.

Looking to Purchase a Home in South Carolina? We Can Help

If you are looking to purchase a home in the state of South Carolina, the real estate team at the Boger Law Firm is standing by to answer any questions that you may have about the closing process. From pre-contract to post-closing, the Boger Law Firm is dedicated to providing quality representation throughout every step of your real estate closing. To ask a question to a member of our real estate team or to schedule the closing of your home, fill out an online contact form or call (803) 252-2880 today.


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