Market Overview
Home Prices in Ravenel, SC
The median home value in Ravenel, SC is $493,303 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.1% compared to a year ago and up 0.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ravenel are priced20% above average. Ravenel is part of the Charleston-North Charleston, SC metro area.
Over the past five years, Ravenel home values have risen by approximately32.7%, reflecting strong long-term appreciation in this market.
Price History
Ravenel Home Price Trend
City Comparison
Ravenel vs. National Median
At $493,303, homes in Ravenel cost 20% above the national median of $410,000. Buyers in Ravenel should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ravenel?
20% Down Payment
$98,661
on $493,303
Monthly P&I
$2,573/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,268/mo
incl. taxes & insurance
Income Needed
$130,720
gross annual (30% rule)
10% Down Option
$49,330
+ PMI applies
Loan Amount (20% dn)
$394,642
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Ravenel, SC?
The median home value in Ravenel is $493,303 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.1% year-over-year.
How much have home prices changed in Ravenel?
Over the past year, home values in Ravenel have decreased by 0.1%. Over five years, prices have risen approximately 32.7%.
How much do I need to earn to buy a home in Ravenel?
To comfortably afford the median home price of $493,303 with a 20% down payment ($98,661) at today's rates (6.8%), you'd need a gross annual income of approximately $130,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Ravenel compare to the national average home price?
The national median home value is approximately $410,000. At $493,303, homes in Ravenel are 20% above the national average.
What metro area is Ravenel part of?
Ravenel is part of the Charleston-North Charleston, SC metropolitan area. Home prices and market conditions can vary across the broader metro region.