According to a new Zillow Home Loans analysis, a monthly mortgage payment is actually less expensive than rent in 22 of the 50 largest U.S. metros. Recent dips in mortgage rates, which have fallen to the lowest level since early 2023, have significantly reduced monthly payments.
Locally, the median rent in the Charleston market is $2800 / month (this varies by submarkets) and is 33% higher than the national median.
The Lower rates have been much anticipated and is making home ownership more affordable for many buyers.
If you have considered buying a home, I would love to help you through the process, feel free to contact me anytime!
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Real Estate Matters in Charleston SC - Gena Glaze 