Why does Isle of Palms have such high homeownership?

High homeownership on Isle of Palms largely reflects its limited inventory and premium pricing, which tends to draw buyers purchasing a primary or long-term second home rather than renters cycling through short-term leases. Strict short-term rental rules on parts of the island also push more properties toward owner-occupancy over investment rental use. Brian Beatty can explain how ownership patterns differ across specific streets and zoning districts on Isle of Palms.