Charleston, South Carolina Short-Term Rental Market Overview
Visitor Profile
Charleston, South Carolina, draws a diverse array of visitors, primarily attracted by its renowned historic charm, vibrant culinary scene, and scenic coastal landscape. Many tourists are history enthusiasts eager to explore iconic sites like the Charleston City Market and antebellum mansions, seeking authentic Southern experiences and cultural enrichment. Families and couples often indulge in guided ghost tours, sunset cruises, and leisurely strolls through colorful neighborhoods like Rainbow Row, all while immersing themselves in the city’s rich history and welcoming atmosphere. For an in-depth experience of Charleston’s historical and cultural offerings, visitors frequently explore the Tours & Attractions guide, which showcases everything from Civil War history to meeting sea turtles, making it easier for hosts to cater to their guests’ interests.
Top Attractions
Charleston, South Carolina is renowned for its rich history, stunning architecture, and vibrant cultural scene. Visitors are drawn to iconic landmarks like Fort Sumter, where the Civil War began, and historic plantations that offer a glimpse into the city’s antebellum past. The charming downtown area is dotted with cobblestone streets, colorful houses, and beautiful waterfronts, making it perfect for leisurely exploration and photography. The city’s historic districts, full of preserved buildings and ghost tours, offer a unique step back in time, giving travelers a sense of the city’s deep-rooted stories and Southern charm.
Beyond its historical appeal, Charleston is famous for its buzzing culinary scene, eclectic art galleries, and lively nightlife. The city’s waterfront parks and beaches provide serene spots for relaxation, water sports, or scenic strolls. Visitors also flock to its renowned restaurants for lowcountry cuisine, jazz brunches, and caviar bars. This blend of history, culture, and leisure makes Charleston an enticing destination for all types of travelers, whether they seek cultural enrichment, outdoor adventures, or simply a taste of Southern hospitality.
Regulations
Charleston, South Carolina, maintains a distinct regulatory framework for short-term rentals that reflects the city’s commitment to balancing tourism benefits with neighborhood integrity and resident quality of life. Prospective short-term rental hosts in Charleston should anticipate stringent compliance requirements, including licensing, zoning restrictions, and operational guidelines designed to ensure safety, community compatibility, and fiscal responsibility. Understanding these regulations upfront is crucial for a smooth hosting experience and to avoid penalties.
Key Regulatory Considerations:
– Licensing and Permits: Charleston requires short-term rental properties to obtain a permit issued by the city’s planning or licensing department. This involves an application process with fees, and permits are typically subject to annual renewal. Compliance with local codes is mandatory to maintain the permit.
– Primary Residence Requirements: Many short-term rental regulations in Charleston distinguish between Type 1 (primary residence rentals) and Type 2 (non-primary residence rentals). Type 1 rentals often face fewer restrictions but must be the host’s primary residence. This is verified through documentation or declarations.
– Zoning and Location: Short-term rentals are regulated by zoning laws limiting where they can operate. Certain residential districts might prohibit or severely restrict short-term rentals to protect community character. Hosts must confirm that their property is in an approved zone for short-term rental activity.
– Occupancy, Health & Safety: Charleston mandates adherence to occupancy limits based on property size and requires standard safety measures such as smoke detectors, carbon monoxide alarms, and fire extinguishers. The city may also impose rules concerning noise levels and guest conduct to minimize disturbances.
– Tax Obligations: Hosts are responsible for collecting and remitting transient occupancy taxes alongside any applicable state and local sales taxes. The city works in coordination with the state to ensure compliance with taxation.
– Operational Standards & Enforcement: Advertising must accurately represent the property and comply with city rules. The city may monitor for violations, and non-compliance can lead to fines, permit suspension, or revocation.
For the most current and legally binding information, property owners should consult the City of Charleston’s Official Short-Term Rental Regulations page, which provides detailed guidelines, application procedures, and contact information for relevant departments. Staying informed via official channels is essential for lawful and successful short-term rental hosting in Charleston.
Charleston, South Carolina Market Performance Trends
Charleston, South Carolina Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:58.3% Booked
- 4-6 Months:55.1% Booked
- 7-9 Months:68.3% Booked
- 10-12 Months:25.9% Booked
Cancellation Policies
- Flexible:20.5%
- Moderate:34.3%
- Strict:39.6%
- Super Strict:39.6%
- N/A:2.6%
Minimum Stay
- 1 Day:449
- 2 Days:491
- 3 Days:162
- 4-6 Days:45
- 7-29 Days:79
- 30+ Days:290
