Charleston, South Carolina ranked #3 in the nation for millennials!
Knock.com February 2022
The largest contingent of homebuyers, the millennial generation, spans 15 years, with the youngest 25 years old and the oldest having celebrated their 40th birthday in 2021. Migrational trends show that as millennials grapple with affordability amidst soaring home prices, many have spread their wings to smaller metros for a shot at homeownership. When compared to the 100 largest metros, the 2022 top millennial markets are 11% more affordable and offer 19% more homes for sale on average. In these metros, millennials make up 20-25% of the population on average. They also attract an average of 90% more inbound millennials year over year than the largest 100 metros and have 1.17 times the national average concentration of jobs in the tech, finance, and health industries.
Forecasted 2022 Median Sale Price: $368,613
Forecasted 2022 Median Sale Price Change: 6%
Forecasted 2022 Months of Supply: 2.6
Offering the charm of a harborside city with cobblestone streets, warm sandy beaches, parks and a quaint downtown area with bars, restaurants and coffee shops, Charleston is a popular tourist destination. It also is routinely included on lists of the “next Silicon Valleys” and has emerged as a desirable location for a wide range of technology-based companies, making it a millennial magnet. Charleston’s low cost of living also makes it a great place for those who have the flexibility to work remotely. With the second-highest number of homes for sale out of all of the top 10 millennial metros, Charleston not only offers affordability but a better chance to find a home.