If you’ve heard it once, you’ve heard it a billion times….our region has a serious housing crisis and current facts around housing do not paint the brightest of pictures. For these reasons, we have continued to keep housing attainability at the forefront, most recently hiring Craig Logan as our Executive Fellow of Housing, developing a Regional Housing Coalition and convening stakeholders that understand the challenges and are ready to drive solutions for this crisis.

Key Facts around Housing include:

• 76,000 households in our region spend more than 30% of their income on housing costs.
• From January to June 2021, listing prices rose 12.5% and average rents increased approximately 14%
• By 2040, our region is projected to have a 26,000-34,000 increase in rental unit shortages.
• 33 new people move to the region per day
• The number of available homes under $300,000 is almost less than half a month’s supply (a 6-month supply is considered healthy)
• To keep up with demand, the region needs to build 7,500 new units of housing every year. For the first time since 2006, the region permitted that many homes in 2021.
• To meet demand, 112,309 new units will need to be built between 2015 and 2030. On a county level (Charleston – 5,200, Berkeley – 1,200, Dorchester – 800)
• According to the Harvard Joint Center for Housing Studies, the price of a quarter acre in the BCD region has increased 52%
  • From 2012-2018, leading to land costs being 33% of property prices.

• On average, 25% of the price of a for sale single-family home is due to government regulations
  • Multi-family development regulations account for an average of 32.1% of the cost

Interested in getting involved to make a difference in our housing crisis? Contact Craig Logan, Executive Fellow of Housing at 864.396.1124.