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Updated almost 4 years ago,
Deciding Market to Target - Charleston SC
Hey BP members,
I am looking to move to the greater Charleston, SC area around April. I am looking to buy my first house hack in the area and wondering what market to target. Based on that average home appreciation rate and the YOY rent growth the numbers seem to point to Ladson as the best opportunity (avg appreciation 5.16% and YOY rent growth at 4%). Summerville coming in second at avg appreciation 3.62% and YOY rent growth at 3%. Goose Creek falling in last at avg appreciation 3.72% and YOY rent growth at 0%.
Do any locals or investors in the area have tips or feedback based on this preliminary assessment? I'm wondering if there is a catch to Ladson or if the numbers are as good as they look. Thanks in advance!!!