Carolina Forest, South Carolina Housing Market Prices
Carolina Forest Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 81% above the South Carolina median$434,223
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Median rent 40% above the South Carolina median$1,646
Housing Market Overview
| Metric | Carolina Forest | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $434,223 | $239,609 | $248,835 |
| Price Trend (Annual %) | 24.3% | 8.9% | 7.5% |
| Median Gross Rent | $1,646 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carolina Forest is about 81% higher than in South Carolina. Rent is about 40% higher than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Carolina Forest, up about 24.3% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Carolina Forest rose about 50.5% between 2015 and 2024, from $1,094 to $1,646. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Carolina Forest.
Buying the median-priced home in Carolina Forest costs roughly 22.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carolina Forest. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Carolina Forest | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $434,223 | $239,609 | $248,835 |
| Median Household Income | $78,534 | $69,383 | $80,455 |
| Price-to-Income Ratio | 5.5 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carolina Forest rose about 61.6%, while median household income rose about 39.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Carolina Forest | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.1% | 62.3% | 58.5% |
| Rental Rate | 20.9% | 24.4% | 31.2% |
| Vacancy Rate | 9.0% | 13.3% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Carolina Forest has a homeownership rate of 70.1%, higher than the South Carolina average of 62.3%. Its housing vacancy rate is 9.0%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Carolina Forest | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 2007 | 1990 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Carolina Forest was built around 2007. On average, 2.7 people live in a home with about 5.5 rooms, staying for about 10.0 years on average.
Carolina Forest, SC Housing Compared With Nearby Cities
How Carolina Forest, SC compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carolina Forest, SC | 24,923 | $434,223 #2/3 | $1,646 #1/3 | 77.1% #1/3 |
| Myrtle Beach, SC | 35,303 | $260,342 | $1,241 | 59.9% |
| Socastee, SC | 22,859 | $1,071,168 | $1,223 | 64.1% |
Frequently Asked Questions
Common questions about the housing market in Carolina Forest, South Carolina.
What is the median home price in Carolina Forest, South Carolina?
The median home price in Carolina Forest, South Carolina is $434,223, higher than the South Carolina average of $239,609.
What is the average home price in Carolina Forest, South Carolina?
The typical home price in Carolina Forest, South Carolina, reported as the median sale price, is $434,223. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Carolina Forest, South Carolina?
The median gross rent in Carolina Forest, South Carolina is $1,646 per month, higher than the South Carolina average of $1,179.
What was the median gross rent in Carolina Forest in 2020?
In 2020, the median gross rent in Carolina Forest, South Carolina was $1,199 per month.
What is the price-to-rent ratio in Carolina Forest, South Carolina?
The price-to-rent ratio in Carolina Forest, South Carolina is about 22.0, meaning it would take roughly 22.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Carolina Forest.
Are home prices or rent rising faster in Carolina Forest, South Carolina?
Both home prices and rent are rising in Carolina Forest, up about 24.3% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carolina Forest, South Carolina?
70.1% of households in Carolina Forest, South Carolina own their home, higher than the South Carolina average of 62.3%.
What is the vacancy rate in Carolina Forest, South Carolina?
The housing vacancy rate in Carolina Forest, South Carolina is 9.0%, lower than the South Carolina average of 13.3%.
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