Isle of Palms, SC Real Estate

According to census data in the year 2000 there were 3,881 housing units in Isle of Palms. This represents a 26.7% growth from 3,063 in 1990.

Of those housing units, 3,832 were located in either urbanized areas or urban clusters, and 49 were located in what is classified as a rural area.

Homeownership rate in Isle of Palms is about 80.1%. Isle of Palms's vacancy rate, including seasonal lodging, is about 50%. Average household size is 2.36 people.

The majority of houses, apartments or condos in Isle of Palms were built after 1981.


Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom3%
Two Bedrooms16.80%
Three Bedrooms51%
Four Bedrooms21.40%
Five Bedrooms or more7.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1982
Median Value of occupied units$423,100
Median Price asked for vacant units$545,500

Rented Homes, Apartments and Condos

Average Household Size2.15
Median year structure was built1971
Median Monthly Rent asked for vacant units$2,001

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.20%
Second Mortgage8.40%
Home Equity Loan17.30%
Simple Mortgage44.90%
Debt Free28.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%