Mount Pleasant, South Carolina Housing Market Prices
Mount Pleasant 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 106% above the South Carolina median$494,749
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Median rent 78% above the South Carolina median$2,102
Housing Market Overview
| Metric | Mount Pleasant | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $494,749 | $239,609 | $248,835 |
| Price Trend (Annual %) | 3.6% | 8.9% | 7.5% |
| Median Gross Rent | $2,102 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mount Pleasant is about 106% higher than in South Carolina. Rent is about 78% 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 Mount Pleasant, up about 3.6% and 5.4% a year respectively. Rent is changing faster.
Median rent in Mount Pleasant rose about 66.3% between 2015 and 2024, from $1,264 to $2,102. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Mount Pleasant.
Buying the median-priced home in Mount Pleasant costs roughly 19.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mount Pleasant. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Mount Pleasant | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $494,749 | $239,609 | $248,835 |
| Median Household Income | $117,443 | $69,383 | $80,455 |
| Price-to-Income Ratio | 4.2 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mount Pleasant fell about 8.4%, while median household income rose about 57.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mount Pleasant | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.3% | 62.3% | 58.5% |
| Rental Rate | 24.6% | 24.4% | 31.2% |
| Vacancy Rate | 10.1% | 13.3% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Mount Pleasant has a homeownership rate of 65.3%, higher than the South Carolina average of 62.3%. Its housing vacancy rate is 10.1%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Mount Pleasant | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1997 | 1990 | 1978 |
| Median Number of Rooms | 6.4 | 5.7 | 5.5 |
The typical housing unit in Mount Pleasant was built around 1997. On average, 2.3 people live in a home with about 6.4 rooms, staying for about 11.0 years on average.
Mount Pleasant, SC Housing Compared With Nearby Cities
How Mount Pleasant, SC compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mount Pleasant, SC | 77,795 | $494,749 #1/3 | $2,102 #1/3 | 72.7% #1/3 |
| Charleston, SC | 138,300 | $424,827 | $1,717 | 59.0% |
| Hanahan, SC | 21,136 | $259,261 | $1,382 | 66.3% |
Frequently Asked Questions
Common questions about the housing market in Mount Pleasant, South Carolina.
What is the median home price in Mount Pleasant, South Carolina?
The median home price in Mount Pleasant, South Carolina is $494,749, higher than the South Carolina average of $239,609.
What is the average home price in Mount Pleasant, South Carolina?
The typical home price in Mount Pleasant, South Carolina, reported as the median sale price, is $494,749. 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 Mount Pleasant, South Carolina?
The median gross rent in Mount Pleasant, South Carolina is $2,102 per month, higher than the South Carolina average of $1,179.
What was the median gross rent in Mount Pleasant in 2020?
In 2020, the median gross rent in Mount Pleasant, South Carolina was $1,673 per month.
What is the price-to-rent ratio in Mount Pleasant, South Carolina?
The price-to-rent ratio in Mount Pleasant, South Carolina is about 19.6, meaning it would take roughly 19.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Mount Pleasant.
Are home prices or rent rising faster in Mount Pleasant, South Carolina?
Both home prices and rent are rising in Mount Pleasant, up about 3.6% and 5.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Mount Pleasant, South Carolina?
65.3% of households in Mount Pleasant, South Carolina own their home, higher than the South Carolina average of 62.3%.
What is the vacancy rate in Mount Pleasant, South Carolina?
The housing vacancy rate in Mount Pleasant, South Carolina is 10.1%, lower than the South Carolina average of 13.3%.
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