How many people per day do you think move to Charleston?
The Charleston Regional Development Alliance and the US Census Bureau released information regarding the net number of people moving to Charleston per day on March 22, 2017. The numbers reported are the statistics for 2016 and include the tri-county area (Charleston County, Berkley County and Dorchester County).
We already know the housing economy in Charleston is booming. In our 2016 Year End Market Report we uncovered what most people already knew, that the 2016 Charleston real estate market was strong. There were a total of 17,720 closed real estate transactions and that the inventory of homes for sales decreased 19.5% from 2015. In terms of the rental market, we have seen numerous apartment communities flying up around the area, so much so that the Town of Mount Pleasant just passed a 2-year ban on new apartment communities.
In the first quarter of 2016, it was also reported by the Post and Courier that Charleston home rental rates are the 11th highest in the United States. We know people are moving to the area, but we often get asked by clients, those interested in moving to the area, and those that are just curious how many people moving to the Charleston area from elsewhere.
According to the Charleston Regional Development Alliance, the total is 34 people per day (this number does not include births). If you want to include births in your number, the CRDA says than that means the Charleston metro area adds 45 new people per day.
According to census.gov the population estimates as of July 1, 2016 are the following for the tri-county area:
Berkley County: 210,898
Charleston County: 396,484
Dorchester County: 153,773
That is a total population of 761,155 people for the tri-county area.
We should expect no different when Charleston keeps ranking among the top city in the South, top cities to visit in the World and top city to visit in the United States. And, that doesn’t even begin to cover the number of times other smaller cities and towns within the Charleston area metro have ranked high on a number of other rankings and lists for top small cities, fastest growing small cities, etc.!