Median Home Price
$598,246.01
Median Rent
$2,023.98/mo
Price-to-Rent Ratio
24.6
Property Tax RateTIE
0.57%
Price Change (1Y)BETTER
-0.2%
Price Change (5Y)BETTER
-1.1%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$396,555
Median Home PriceBETTER
$343,637.94
Median RentBETTER
$1,650.14/mo
Price-to-Rent RatioBETTER
17.4
Property Tax RateTIE
0.57%
Price Change (1Y)
-0.7%
Price Change (5Y)
-3.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$148,225
Key Differences
Home Prices
Charleston's median home price of $598,246.01 is higher than Summerville's $343,637.94 by 74%.
Monthly Rent
Renting in Charleston costs $2,023.98/mo compared to $1,650.14/mo in Summerville—a difference of $373.84/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.