Summerville, South Carolina Housing Market Prices
Summerville 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 66% below the South Carolina median$81,158
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Median rent 18% above the South Carolina median$1,386
Housing Market Overview
| Metric | Summerville | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $81,158 | $239,609 | $248,835 |
| Price Trend (Annual %) | -5.0% | 8.9% | 7.5% |
| Median Gross Rent | $1,386 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Summerville is about 66% lower than in South Carolina. Rent is about 18% higher than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Summerville: home prices fell about 5.0% a year while rent rose about 5.5% a year. That is an unusual pattern worth watching.
Median rent in Summerville rose about 55.1% between 2015 and 2024, from $893 to $1,386. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Summerville.
Buying the median-priced home in Summerville costs roughly 4.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Summerville. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Summerville | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $81,158 | $239,609 | $248,835 |
| Median Household Income | $75,470 | $69,383 | $80,455 |
| Price-to-Income Ratio | 1.1 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Summerville fell about 49.8%, while median household income rose about 34.2% 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 | Summerville | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.0% | 62.3% | 58.5% |
| Rental Rate | 27.1% | 24.4% | 31.2% |
| Vacancy Rate | 7.9% | 13.3% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Summerville has a homeownership rate of 65.0%, higher than the South Carolina average of 62.3%. Its housing vacancy rate is 7.9%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Summerville | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1993 | 1990 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Summerville was built around 1993. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 11.0 years on average.
Summerville, SC Housing Compared With Nearby Cities
How Summerville, SC compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Summerville, SC | 42,751 | $81,158 #2/2 | $1,386 #2/2 | 70.6% #1/2 |
| North Charleston, SC | 123,884 | $282,140 | $1,419 | 51.1% |
Frequently Asked Questions
Common questions about the housing market in Summerville, South Carolina.
What is the median home price in Summerville, South Carolina?
The median home price in Summerville, South Carolina is $81,158, lower than the South Carolina average of $239,609.
What is the average home price in Summerville, South Carolina?
The typical home price in Summerville, South Carolina, reported as the median sale price, is $81,158. 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 Summerville, South Carolina?
The median gross rent in Summerville, South Carolina is $1,386 per month, higher than the South Carolina average of $1,179.
What was the median gross rent in Summerville in 2020?
In 2020, the median gross rent in Summerville, South Carolina was $1,091 per month.
What is the price-to-rent ratio in Summerville, South Carolina?
The price-to-rent ratio in Summerville, South Carolina is about 4.9, meaning it would take roughly 4.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Summerville.
Are home prices or rent rising faster in Summerville, South Carolina?
Home prices and rent are moving in opposite directions in Summerville: home prices fell about 5.0% a year while rent rose about 5.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Summerville, South Carolina?
65.0% of households in Summerville, South Carolina own their home, higher than the South Carolina average of 62.3%.
What is the vacancy rate in Summerville, South Carolina?
The housing vacancy rate in Summerville, South Carolina is 7.9%, lower than the South Carolina average of 13.3%.
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