{"id":65632,"date":"2019-04-29T08:29:42","date_gmt":"2019-04-29T15:29:42","guid":{"rendered":"https:\/\/redfindevelop.wpengine.com\/blog\/?p=65632"},"modified":"2020-10-06T12:58:36","modified_gmt":"2020-10-06T19:58:36","slug":"south-carolina-teacher-affordable-housing-decline","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/south-carolina-teacher-affordable-housing-decline\/","title":{"rendered":"In Charleston, 24% of Homes Are Affordable on a Teacher\u2019s Salary, Down From More Than 50% Five Years Ago"},"content":{"rendered":"<p><i><span style=\"font-weight: 400;\">As South Carolina teachers prepare to go on strike to demand higher wages, see where housing affordability for the profession has dropped and where it\u2019s remained relatively steady. <\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Just 24 percent of homes for sale in <a href=\"https:\/\/redfin.com\/city\/3478\/SC\/Charleston\">Charleston, South Carolina<\/a> are affordable for teachers in the area, down from 52 percent five years ago, but unchanged from last year. Nationwide, 43 percent of homes are affordable on the national average income for teachers, relatively flat from a year ago and down from 61 percent in March 2014. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As public school teachers across South Carolina <\/span><a href=\"https:\/\/www.postandcourier.com\/news\/south-carolina-teachers-calling-out-of-work-may-to-march\/article_18f83660-6503-11e9-9cda-4fd12c50837d.html\"><span style=\"font-weight: 400;\">prepare to go on strike<\/span><\/a><span style=\"font-weight: 400;\"> on May 1 to demand higher wages, we\u2019re taking a look at how the share of homes affordable for teachers in several metros throughout the state and on the national level has changed over the last several years:<\/span><\/p>\n<div id=\"viz1556312791163\" class=\"tableauPlaceholder\" style=\"position: relative;\"><noscript><a href='#'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;So&#47;SouthCarolinaTeacherAffordability&#47;AffordabilityforTeachersinSouthCarolina&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class=\"tableauViz\" style=\"display: none;\" width=\"300\" height=\"150\"><param name=\"host_url\" value=\"https%3A%2F%2Fpublic.tableau.com%2F\" \/><param name=\"embed_code_version\" value=\"3\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"SouthCarolinaTeacherAffordability\/AffordabilityforTeachersinSouthCarolina\" \/><param name=\"tabs\" value=\"no\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"https:\/\/public.tableau.com\/static\/images\/So\/SouthCarolinaTeacherAffordability\/AffordabilityforTeachersinSouthCarolina\/1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><param name=\"filter\" value=\"publish=yes\" \/><\/object><\/div>\n<p><script type='text\/javascript'>                    var divElement = document.getElementById('viz1556312791163');                    var vizElement = divElement.getElementsByTagName('object')[0];                    vizElement.style.width='1000px';vizElement.style.height='827px';                    var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/p>\n<p><span style=\"font-weight: 400;\">As you can see in the chart above, the share of affordable homes varies by metro in South Carolina, with more than half of for-sale homes affordable for teachers in <a href=\"https:\/\/redfin.com\/city\/17499\/SC\/Spartanburg\">Spartanburg<\/a> and <a href=\"https:\/\/redfin.com\/city\/4149\/SC\/Columbia\">Columbia<\/a>. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the Spartanburg metro, the share of homes affordable for teachers has risen over the last year, from 65 percent to 69 percent. That\u2019s partly explained by the relatively low home prices in Spartanburg, where the typical home sold for $183,000 in March, down 2.1 percent year over year. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">And in Columbia, teachers can afford 54 percent of the homes for sale in their metro, relatively flat from a year ago and down from 64 percent in March 2014. That decline is slower than the national pace. Housing affordability for teachers in the <a href=\"https:\/\/redfin.com\/city\/7891\/SC\/Greenville\">Greenville<\/a> area has trended along with that of teachers around the country. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But in some parts of the state, teachers are feeling the pain. The portion of for-sale homes teachers can afford to buy has fallen the most in Charleston, where the typical home sold for $268,000 in March, up 19.1 percent from five years ago. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cHousing affordability in the Charleston market has been an issue for the last few years, largely because wages are not consistent with rising home prices,\u201d said local Redfin agent Shari Broomfield. \u201cTeachers at schools in more expensive parts of Charleston may need to purchase a home in a more affordable part of town, making for a longer commute. For teachers or other people in the area looking to purchase a home, I recommend looking at the <\/span><a href=\"https:\/\/www.schousing.com\/Home\/HomebuyerProgram\"><span style=\"font-weight: 400;\">South Carolina homebuyer program<\/span><\/a><span style=\"font-weight: 400;\">, which guides residents of the state toward help with down payments and affordable loans.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Affordability has also dropped in the last five years in the <a href=\"https:\/\/redfin.com\/city\/3105\/NC\/Charlotte\">Charlotte<\/a> metro, which includes parts of South Carolina, but the share of homes affordable for teachers is the same now as it was a year ago. <\/span><\/p>\n<p><b>Methodology <\/b><\/p>\n<p><span style=\"font-weight: 400;\">Using <\/span><a href=\"https:\/\/www.bls.gov\/oes\/tables.htm\"><span style=\"font-weight: 400;\">employment data from the Bureau of Labor Statistics<\/span><\/a><span style=\"font-weight: 400;\">, we calculated the average of median salaries by metro area for preschool through high school teachers, including special education teachers, in South Carolina. We also calculated the average salary for those types of teachers nationwide. Historical income data is available through December 2018. For January through March 2019, we projected income for teachers using year-over-year growth from 2017 to 2018 and applying that same growth rate from 2018 to 2019. Then, we used list price data from multiple listing services to determine the percentage of homes where the monthly mortgage payment (plus a property tax rate of 1.125%) was equal or less than the maximum monthly mortgage payment possible on the average teacher\u2019s salary for the area based on the rule that homes are affordable only if they cost less that 30 percent of gross income. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve taken a look at how housing affordability has changed for teachers in several South Carolina metro areas over the years as the group prepares to go on strike to demand higher wages. <\/p>\n","protected":false},"author":13153,"featured_media":65637,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[27,8],"tags":[],"dashboard":[],"coauthors":[],"class_list":["post-65632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-affordability","category-housing-market-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Housing Affordability for Teachers in South Carolina<\/title>\n<meta name=\"description\" content=\"In Charleston, 24% of homes are affordable on a teacher\u2019s salary, down from more than 50% in 2014. 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That could help explain why South Carolina teachers are going on strike.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/south-carolina-teacher-affordable-housing-decline\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-29T15:29:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-10-06T19:58:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2019\/04\/share-of-homes-for-sale-south-carolina.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"802\" \/>\n\t<meta property=\"og:image:height\" content=\"621\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dana Anderson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dana Anderson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/south-carolina-teacher-affordable-housing-decline\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/south-carolina-teacher-affordable-housing-decline\\\/\"},\"author\":{\"name\":\"Dana Anderson\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/309385292bf91585d2e0a130b0a2566b\"},\"headline\":\"In Charleston, 24% of Homes Are Affordable on a Teacher\u2019s Salary, Down From More Than 50% Five Years Ago\",\"datePublished\":\"2019-04-29T15:29:42+00:00\",\"dateModified\":\"2020-10-06T19:58:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/south-carolina-teacher-affordable-housing-decline\\\/\"},\"wordCount\":594,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/south-carolina-teacher-affordable-housing-decline\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/share-of-homes-for-sale-south-carolina.jpg\",\"articleSection\":[\"Affordability\",\"Housing Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/south-carolina-teacher-affordable-housing-decline\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/south-carolina-teacher-affordable-housing-decline\\\/\",\"name\":\"Housing Affordability for Teachers in South Carolina\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/south-carolina-teacher-affordable-housing-decline\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/south-carolina-teacher-affordable-housing-decline\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/share-of-homes-for-sale-south-carolina.jpg\",\"datePublished\":\"2019-04-29T15:29:42+00:00\",\"dateModified\":\"2020-10-06T19:58:36+00:00\",\"description\":\"In Charleston, 24% of homes are affordable on a teacher\u2019s salary, down from more than 50% in 2014. 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