The average home in South Carolina costs around $374,000, making it a great location to own rental properties. However, the neighborhood you invest in plays a large role in the results you'll get.
Otherwise, you risk falling short of your financial goals (and potentially being stuck with a property in an undesirable area). Let's explore the most notable South Carolina neighborhoods you should consider when real estate investing.
West Ashley
Tucked away from the hustle of downtown Charleston, West Ashley has emerged as a top choice for both residents and investors. Significant development in recent years has brought new restaurants and shopping centers to the area.
Investors are increasingly focusing on West Ashley due to its lower property prices compared to the peninsula, while still being just a short drive from the city center. Being part of the Charleston, SC property market means seeing property values steadily increase as more people flock to the neighborhood. Its mix of affordability and potential for future growth makes West Ashley a smart investment choice.
North Charleston
As one of the up-and-coming Charleston areas, it has drawn attention from those looking for more affordable investments near the city. With recent improvements in infrastructure and local amenities, more families and businesses are choosing to relocate here. Investors looking to get into the Charleston market early may find great opportunities in North Charleston as demand continues to grow.
Mount Pleasant
Mount Pleasant is known for its high property values, which continue to rise as more developments emerge. Charleston, SC real estate trends often point to Mount Pleasant as a secure and profitable place to invest. Whether it's the high-end homes or the well-maintained parks, Mount Pleasant remains a top contender for those interested in solid neighborhood investment tips.
Summerville
A bit further from downtown Charleston, Summerville has grown into a vibrant suburban community. It's known for its historic charm and family-friendly atmosphere.
Investing in Charleston properties here offers lower initial costs while still being close enough to Charleston to benefit from the area's overall growth. With its mix of old and new, Summerville provides unique opportunities for both long-term investments and quick sales.
Johns Island
Though more rural than other areas on this list, Johns Island has seen rapid development with new residential communities and commercial spaces. People looking for more space and a connection to nature have flocked here in recent years, driving up property demand.
As an emerging market, Johns Island is becoming increasingly popular among those who want to tap into Charleston's growth while enjoying a slower pace of life. Its combination of natural beauty and potential for growth make it an attractive option for real estate investors.
Check Out These Neighborhoods for Real Estate Investing
The info in our guide will help ensure you make the most of the opportunities you encounter when real estate investing in North Carolina. From here, you'll have no issues finding great tenants.
Adams Properties Powered by PMI offers comprehensive property management services in Charleston, including tenant screening and maintenance. With nearly 20 years of industry experience, we leverage advanced technology for real-time access to rental information. You'll learn more about how we can help when you schedule a free rental analysis today.
