What to know before you move: cost, market timing, who it fits.
If you're considering a move to Hanahan, SC, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Hanahan is a city in Berkeley County, South Carolina, with an estimated population of 21,983. It anchors the Charleston-North Charleston metro area. The population grew 2.0% annually from 2020 to 2024, a moderate gain. The median home value in Hanahan is $413,393 as of 2026-04, down 0.1% over the last 12 months. Over the last five years, home values have averaged +6.9% annual growth, with prices at or near the 5-year peak. Rents in Hanahan average $1,772 per month, up 7.8% year-over-year. The composite momentum score is 74 of 100 (Rising). The market is healthy with prices supported by underlying demand.
Quiet strength: prices near or at all-time highs (-0.3% from 5-year peak). Solid market for owner-occupiers; investors should underwrite conservatively given the elevated entry point.
Reasons people move here
- Healthy 5-year run: +6.9% annualized over 5 years, outpacing US inflation.
- Net positive migration: population up 2.0% per year — demand fundamentals are intact.
- Held the highs: currently -0.3% from the 5-year peak — this market refused to give back gains.
- Hot rental market: rents up 7.8% YoY — landlords have pricing power, supports new investment math.
Things to know first
- Rental squeeze: rents up 7.8% YoY — tenants face tough renewals. Affordability deteriorating fast.
- Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.
More about Hanahan
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.