Investing in South Carolina
South Carolina is a great place to buy rental properties because of its many natural attractions and its affordable cost of living. The Nophin team crunched the numbers and found the five best places to invest in short term and long term rental properties.
Statewide vacancy rates
Charleston is the oldest city in South Carolina and considered one of he safest cities in the US.
- Population: 150,227
- Median household income: $72,071
- Median 1-bedroom monthly rent: $1,890
- Median listing home price: $499,000
Nestled halfway between Charlotte, NC and Atlanta, GA, Greenville is one of the fastest growing cities in the US.
- Population: 70,720
- Median household income: $58,259
- Median 1-bedroom monthly rent: $1,295
- Median listing home price: $354,900
Myrtle Beach, SC
Myrtle Beach If you're a fan of beaches, Myrtle is one place to consider especially if you are looking at short term rentals. Over 15 million visitors come by each year to enjoy Myrtle Beach's 200+ days of sunshine.
- Population: 35,682
- Median household income: $43,378
- Median 1-bedroom monthly rent: $1,443
- Median listing home price: $300,000
Columbia is the capital of South Carolina and home to universities like the University of South Carolina and Columbia College.
- Population: 136,632
- Median household income: $47,416
- Median 1-bedroom monthly rent: $995
- Median listing home price: $245,000
Mount Pleasant, SC
Mount Pleasant is east of Charleston and is one of South Carolina's wealthiest neighborhoods.
- Population: 90,801
- Median household income: $104,772
- Median 1-bedroom monthly rent: $1,840
- Median listing home price: $740,000
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To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.