Department of Numbers

Berkeley County South Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Berkeley County SC was $1,019 in 2017 according to the Census ACS survey.1 Average gross rent in Berkeley County was $983 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 Berkeley County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Berkeley 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%
Berkeley County SC Median Gross Rent $1,019 -1.36% +2.72%

Berkeley County SC Real Gross Rent Trends

Median gross rent for Berkeley County peaked in real terms in 2016 at $1,033 and is now $14 (1.36%) lower. Average gross rent for Berkeley County peaked in real terms in 2015 at $1,030 and is now $47 (4.56%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Berkeley County

Date US
Median
South Carolina
Median
Berkeley County SC
Median
Berkeley County SC
Average
2017 $1,012 $848 $1,019 $983
2016 $996 $854 $1,033 $1,023
2015 $987 $843 $1,025 $1,030
2014 $956 $810 $992 $917
2013 $924 $782 $998 $941
2012 $912 $778 $987 $890
2011 $912 $776 $967 $920
2010 $927 $789 $980 $930
2009 $931 $780 $956 $899
2008 $947 $775 $913 $790
2007 $899 $735 $914 $706
2006 $909 $762 $897 $737

Berkeley 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 Berkeley County South Carolina was 3.33% according to Census ACS data.

Rental Vacancy Rate in Berkeley 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%
Berkeley County SC 3.33% -1.98%

Trends in Berkeley County SC Rental Vacancy Rate

The rental vacancy rate in Berkeley County peaked in 2012 at 13.31%. Since then it has fallen by 9.98% to 3.33%. Data records for this series originated in 2005.

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

Rental vacancy rate in South Carolina

Historical Rental Vacancy Rate data for Berkeley County

Date US South Carolina Berkeley County SC
2017 6.18% 8.97% 3.33%
2016 5.89% 8.49%
2015 5.85% 9.45% 6.20%
2014 6.32% 10.54% 5.31%
2013 6.49% 10.54% 7.08%
2012 6.77% 12.68% 13.31%
2011 7.40% 12.12% 4.40%
2010 8.17% 13.69% 12.27%
2009 8.43% 13.35% 8.61%
2008 7.86% 12.38% 8.72%
2007 7.87% 11.99% 6.84%
2006 7.70% 11.42% 8.10%

Rent as a Fraction of Income

Using median household income data for Berkeley County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Berkeley County, median monthly gross rent as a fraction of median household income was 21.40% in 2017 according to the ACS.

Berkeley 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%
Berkeley County SC 21.40% +0.77% -0.78%

Trends in Berkeley County SC Rent as a Fraction of Income

The fraction of median Berkeley County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 23.23%. Since then it has fallen by 1.83% to 21.40%.

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

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

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

Date US South Carolina Berkeley County SC
2017 20.13% 20.12% 21.40%
2016 20.43% 20.39% 20.63%
2015 20.63% 20.81% 21.14%
2014 20.89% 20.98% 22.18%
2013 20.78% 20.81% 23.23%
2012 20.65% 20.99% 23.20%
2011 20.70% 20.99% 22.35%
2010 20.50% 20.79% 21.95%
2009 20.12% 19.96% 20.84%
2008 19.00% 18.15% 19.74%
2007 18.66% 17.86% 19.62%
2006 18.90% 18.69% 18.54%

Renter Fraction in Berkeley County South Carolina

You can calculate the renter fraction in Berkeley 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 Berkeley County as a fraction of total Berkeley County households. In 2017 32.25% of households were renters according to Census ACS data.

Berkeley 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%
Berkeley County SC 32.25% +3.18% +3.13%

Trends in the Berkeley County SC Renter Fraction

The Berkeley County household renter fraction peaked in in 2013 at 32.75% and is now 0.50% below that level. The origin year for the series is 2005.

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

Fraction of renters in Berkeley County

History of Berkeley County Renter Fraction

Date US South Carolina Berkeley County SC
2017 36.13% 31.25% 32.25%
2016 36.88% 31.37% 29.07%
2015 36.97% 31.87% 30.22%
2014 36.90% 31.95% 29.12%
2013 36.50% 31.83% 32.75%
2012 36.09% 31.87% 31.17%
2011 35.42% 30.83% 29.46%
2010 34.65% 31.30% 29.05%
2009 34.13% 29.86% 27.80%
2008 33.36% 29.42% 31.68%
2007 32.80% 29.96% 30.03%
2006 32.73% 29.66% 26.93%

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.