US5.com
  1. Home
  2. States
  3. South Carolina
  4. ZIP 29407
  5. Housing & Real Estate
Charleston city, SC

ZIP 29407 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 29407

Median Home Value
$407,300
Median Rent
$1,216
Affordability Snapshot
$112,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,616/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

27.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 29407 in Charleston city, SC, a household would need roughly $112,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,616. That is about 39% above the local median household income ($80,568), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
58.4%-11% vs US avg
x
Vacancy Rate
9.9%-4% vs US avg
x
Broadband Access
90.7%+4% vs US avg
x
4+ Bedrooms
3.0%-80% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
26.2%-47% vs US avg
x
Mortgage-Free
40.3%+5% vs US avg
x
$407,300
Home Value
$1,216
Rent
1971
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached58.2%
  • 1-unit attached2.2%
  • 2-9 units18.8%
  • 10+ units18.7%
  • Mobile home & other2.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$407,300
Median rent$1,216
Owner-occupied58.4%
Vacant9.9%
Price-to-income5.1x
Est. income to buy$112,000