For aspiring homeowners looking to buy a Rent to Own, few states offer as much opportunity as South Carolina. Home values in the state are currently still very affordable for middle class families, as well as growing steadily at a measured pace. This offers lease option buyers the chance to lock in a good rate and move into their homes while building equity towards purchasing the property.
Live among the Sandlappers in the Palmetto StateSouth Carolina is one of the oldest and most distinctive of the southern states, one that features lush green landscapes and sandy beaches to the east. A charming and idyllic part of the country, South Carolina is also home to major industrial businesses in chemical processing, agriculture, automobile and aerospace manufacturing, and textiles. Population growth averages at about 1.3 percent annually. Job growth in South Carolina continues at 2 percent and unemployment sits at 6.6 percent. For average income, the median household income is $37,082 and the median family income is $44,227 annually.
Charleston, SC. Via Charleston.comWhat is Real Estate Like in South Carolina?
According to Zillow, the average home value in South Carolina was $134,500 is currently, which is below the national average. Home prices are growing steadily between 2.6 and 3.7 percent, giving aspiring home buyers an incentive to invest. Currently, the median rent price is $1,150. Some of the most popular metro areas in South Carolina are Columbia, Charleston, Greenville, Myrtle Beach, and Rock Hill.
School rankings are mixed throughout the state with many of the best schools concentrated near major metro areas. South Carolina is home to some notable universities that include the University of South Carolina, South Carolina State University, Furman University, Bob Jones University, and the Citadel, the Military College of South Carolina.
In terms of annual crime, violent crime rates are slightly above the 3.8 per 1,000 residents national average at 5.08 while property crime is 36.24 per 1,000 residents and is higher than the 27.3 national average.
Culture and Entertainment
South Carolina has a lot of fun to offer residents and visitors alike, including but certainly not limited to: Falls Park on the Reedy, Family Kingdom Amusement Park, Patriot’s Point, Charleston Waterfront Park, and Myrtle Beach State Park. Patriotism and southern culture run strong here, so people love their country as much as their values and cuisine. The great outdoors finds a home in South Carolina as well from the sheer amount of state parks and green spaces for residents to enjoy.