A home is more than just a place to live. A home is an asset that provides stability, encourages long-term thinking, and helps build both financial equity and a deeper connection to the community. Homeownership remains the primary way most people build wealth.
While homeownership rates don’t directly measure home equity, they offer insight into how many families in a state have the opportunity to build wealth through owning a home. In South Carolina, the homeownership rate is approximately 69.3%. The Tri-County area slightly exceeds this average, with approximate rates of 65% in Charleston County, 70% in Berkeley County, and 71.1% in Dorchester County.
Increasing H.O.P.E. provided housing counseling to more than 50 individuals, resulting in new homeowners and helping prevent foreclosure when possible.