South Carolina Moving Trends

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    South Carolina Moving Trends

    There’s no doubt out there that housing market changes are taking place alongside the current economic environment and South Carolina is no exception. With extremely high rates of inflation and high mortgage interest rates, it’s understandable that a lot of prospective home buyers are feeling a little bit stressed or turned off from looking into buying a home.

    However, if you’re looking into possibly buying a home in South Carolina this year, some things could change your mind regarding whether or not it’s the right time for you. Keep reading for the most up-to-date information regarding moving trends and what you need to know about whether or not you should buy a home in South Carolina this year.

    South Carolina Moving Industry Trends

    Over the past couple of years post-COVID, moving has been on the decline. This is due to a multitude of reasons since many people moved over the pandemic – and embarked on long-distance moves at much higher rates than would be determined as usual. Though moving rates were still high in 2021, they lowered in 2022 and into 2023 due to both uncertain economic times and many people going back into physical office setups that tie them to specific areas.

    However, many general moving trends have missed South Carolina, which can be attributed to a variety of factors. For one, a larger number of people have left Northern areas to move instead down the coast and to Southern areas. This has favored South Carolina greatly since it serves as a bridge between Northern and Southern areas with more middle-of-the-road temperatures and affordable home prices.

    As Americans, especially ones in more populated, more expensive areas on the East Coast and West Coast look for more affordable options for housing that also offer a high quality of life, South Carolina also comes to mind for many. This consistent influx of new residents has made South Carolina’s housing market consistent, healthy, and competitive while remaining affordable.

    Why Move to South Carolina?

    For those wondering if moving to South Carolina is right for them, there are many reasons to move to this great state. Whether looking to relocate to a major city in the state, like the state’s capital of Columbia, the popular Charleston area, or more up-and-coming areas like Spartanburg, there are tons of places to choose from to relocate to.

    South Carolina brings a lot of variety among its regions to suit your family, budget, and lifestyle. It also offers a huge amount of culture, history, and scenic natural outdoor areas to enjoy.

    Another huge reason why South Carolina consistently sees an influx of new residents is due to its low property taxes and low utility costs. This might not seem like a big deal initially, but savings on these costs can be extremely beneficial in the short and long term.

    Another huge draw of South Carolina for those near and far is its mild winters – especially for those coming from more Northern states. Be forewarned, however – though the state has very mild winters, its summers are unfortunately hot and humid.

    This state also has a very low cost of living compared to both states nearby and the country as a whole. Its home prices have also remained consistent and affordable, with the average cost of a home coming in at around $350,000. This average price takes into account the 10.8% rise in home prices in the state from 2022-2023.

    Where to Move in South Carolina?

    In the first quarter of 2023 thus far, the most popular areas in South Carolina to move to both locally and for long-distance movers are Capitol View, Campobello, Oak Grove, Red Bank, and Belvedere. These top five showcase the variety of areas South Carolina has to offer and the variety of budgets South Carolina can cater to.

    Overall, the housing market in South Carolina has remained stable and does not indicate a crash anytime within the next year. With housing prices remaining stable and affordable, the choice is up to you as to whether or not to make the jump into home ownership now or in the future.

    If you’re looking for the right South Carolina moving company to bring you on your journey to your next home, see what Carey Moving & Storage can do for you and your family or business today. With the best local and long-distance movers on your side, you’ll be able to have the best moving experience, whether you’re moving around the state or moving into it from other parts of the country. Learn more about Carey Moving & Storage today!