Department of Numbers

Beaufort County South Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Beaufort County SC was $1,091 in 2017 according to the Census ACS survey.1 Average gross rent in Beaufort County was $1,092 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Beaufort County median and average rent data will be released in September of 2019.

Data is also available below for Beaufort County rental vacancy rates, Beaufort County rent as a percent of median income and the fraction of renters in Beaufort County.

Show dollars as: Nominal Real

Real Gross Rent in Beaufort County South Carolina (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
South Carolina Median Gross Rent $848 -0.70% +4.69%
Beaufort County SC Median Gross Rent $1,091 -8.16% +1.39%

Beaufort County SC Real Gross Rent Trends

Median gross rent for Beaufort County peaked in real terms in 2016 at $1,188 and is now $97 (8.16%) lower. Average gross rent for Beaufort County peaked in real terms in 2016 at $1,229 and is now $137 (11.15%) lower.

Real Gross Rent: Beaufort County SC Median, Beaufort County SC Average, South Carolina Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Beaufort County

Date US
Median
South Carolina
Median
Beaufort County SC
Median
Beaufort County SC
Average
2017 $1,012 $848 $1,091 $1,092
2016 $996 $854 $1,188 $1,229
2015 $987 $843 $1,110 $1,170
2014 $956 $810 $1,076 $1,064
2013 $924 $782 $1,021 $1,083
2012 $912 $778 $986 $1,016
2011 $912 $776 $1,093 $985
2010 $927 $789 $1,059 $1,080
2009 $931 $780 $1,131 $1,095
2008 $947 $775 $1,091 $1,104
2007 $899 $735 $1,063 $1,033
2006 $909 $762 $1,068 $1,016

Beaufort County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Beaufort County South Carolina was 9.14% according to Census ACS data.

Rental Vacancy Rate in Beaufort County South Carolina

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
South Carolina 8.97% +0.48% -1.57%
Beaufort County SC 9.14% +0.32% -1.83%

Trends in Beaufort County SC Rental Vacancy Rate

The rental vacancy rate in Beaufort County peaked in 2012 at 23.94%. Since then it has fallen by 14.80% to 9.14%. Data records for this series originated in 2005. From a 2013 post peak low of 8.62%, the rental vacancy rate has increased by 0.52%.

Rental Vacancy Rate: Beaufort County SC, South Carolina, US

Rental vacancy rate in South Carolina

Historical Rental Vacancy Rate data for Beaufort County

Date US South Carolina Beaufort County SC
2017 6.18% 8.97% 9.14%
2016 5.89% 8.49% 8.82%
2015 5.85% 9.45% 12.64%
2014 6.32% 10.54% 10.97%
2013 6.49% 10.54% 8.62%
2012 6.77% 12.68% 23.94%
2011 7.40% 12.12% 16.16%
2010 8.17% 13.69% 22.27%
2009 8.43% 13.35% 23.57%
2008 7.86% 12.38% 21.79%
2007 7.87% 11.99% 16.66%
2006 7.70% 11.42% 17.63%

Rent as a Fraction of Income

Using median household income data for Beaufort County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Beaufort County, median monthly gross rent as a fraction of median household income was 22.25% in 2017 according to the ACS.

Beaufort County South Carolina Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
South Carolina 20.12% -0.26% -0.86%
Beaufort County SC 22.25% +0.95% -0.69%

Trends in Beaufort County SC Rent as a Fraction of Income

The fraction of median Beaufort County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.93%. Since then it has fallen by 0.69% to 22.25%.

Fraction of Income towards Rent: Beaufort County SC, South Carolina, US

Percent of median household income going towards median monthly gross rent in Beaufort County South Carolina

Historical Data for Annual Rent as a Fraction of Income in Beaufort County South Carolina

Date US South Carolina Beaufort County SC
2017 20.13% 20.12% 22.25%
2016 20.43% 20.39% 21.30%
2015 20.63% 20.81% 21.49%
2014 20.89% 20.98% 22.93%
2013 20.78% 20.81% 21.01%
2012 20.65% 20.99% 21.17%
2011 20.70% 20.99% 22.58%
2010 20.50% 20.79% 20.58%
2009 20.12% 19.96% 22.76%
2008 19.00% 18.15% 21.07%
2007 18.66% 17.86% 20.80%
2006 18.90% 18.69% 21.31%

Renter Fraction in Beaufort County South Carolina

You can calculate the renter fraction in Beaufort County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Beaufort County as a fraction of total Beaufort County households. In 2017 28.71% of households were renters according to Census ACS data.

Beaufort County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
South Carolina 31.25% -0.12% -0.70%
Beaufort County SC 28.71% +2.71% -2.52%

Trends in the Beaufort County SC Renter Fraction

The Beaufort County household renter fraction peaked in in 2006 at 32.66% and is now 3.95% below that level. From a recent low of 24.35% in 2009, the household based renter fraction has now grown by 4.36%. The origin year for the series is 2005.

Fraction of Renting Households: Beaufort County SC, South Carolina, US

Fraction of renters in Beaufort County

History of Beaufort County Renter Fraction

Date US South Carolina Beaufort County SC
2017 36.13% 31.25% 28.71%
2016 36.88% 31.37% 26.00%
2015 36.97% 31.87% 29.44%
2014 36.90% 31.95% 31.23%
2013 36.50% 31.83% 30.15%
2012 36.09% 31.87% 27.59%
2011 35.42% 30.83% 31.16%
2010 34.65% 31.30% 30.81%
2009 34.13% 29.86% 24.35%
2008 33.36% 29.42% 26.82%
2007 32.80% 29.96% 30.16%
2006 32.73% 29.66% 32.66%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.