Department of Numbers

Dorchester County South Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Dorchester County SC was $1,059 in 2017 according to the Census ACS survey.1 Average gross rent in Dorchester County was $1,040 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 Dorchester County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Dorchester 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%
Dorchester County SC Median Gross Rent $1,059 +0.09% +10.20%

Dorchester County SC Real Gross Rent Trends

At $1,059, real median gross rent in Dorchester County was at its highest level in 2017 since the series began in 2005. Average gross rent for Dorchester County peaked in real terms in 2005 at $1,040 and is now $0 (0.00%) lower. From a recent low of 874.0 in 2007, real average gross rent has now increased by $166 (18.99%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Dorchester County

Date US
Median
South Carolina
Median
Dorchester County SC
Median
Dorchester County SC
Average
2017 $1,012 $848 $1,059 $1,040
2016 $996 $854 $1,058 $1,023
2015 $987 $843 $993 $944
2014 $956 $810 $961 $959
2013 $924 $782 $953 $911
2012 $912 $778 $951 $948
2011 $912 $776 $1,010 $949
2010 $927 $789 $996 $991
2009 $931 $780 $925 $894
2008 $947 $775 $1,015 $983
2007 $899 $735 $948 $874
2006 $909 $762 $898 $879

Dorchester 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 Dorchester County South Carolina was 2.89% according to Census ACS data.

Rental Vacancy Rate in Dorchester 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%
Dorchester County SC 2.89%

Trends in Dorchester County SC Rental Vacancy Rate

The rental vacancy rate in Dorchester County peaked in 2009 at 15.87%. Since then it has fallen by 12.98% to 2.89%. Data records for this series originated in 2005.

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

Rental vacancy rate in South Carolina

Historical Rental Vacancy Rate data for Dorchester County

Date US South Carolina Dorchester County SC
2017 6.18% 8.97% 2.89%
2016 5.89% 8.49%
2015 5.85% 9.45% 10.03%
2014 6.32% 10.54%
2013 6.49% 10.54% 7.61%
2012 6.77% 12.68% 4.32%
2011 7.40% 12.12% 14.61%
2010 8.17% 13.69% 7.84%
2009 8.43% 13.35% 15.87%
2008 7.86% 12.38% 10.56%
2007 7.87% 11.99% 4.40%
2006 7.70% 11.42% 10.39%

Rent as a Fraction of Income

Using median household income data for Dorchester County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Dorchester County, median monthly gross rent as a fraction of median household income was 19.81% in 2017 according to the ACS.

Dorchester 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%
Dorchester County SC 19.81% -1.88% -0.21%

Trends in Dorchester County SC Rent as a Fraction of Income

The fraction of median Dorchester County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 23.01%. Since then it has fallen by 3.20% to 19.81%.

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

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

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

Date US South Carolina Dorchester County SC
2017 20.13% 20.12% 19.81%
2016 20.43% 20.39% 21.69%
2015 20.63% 20.81% 21.24%
2014 20.89% 20.98% 20.02%
2013 20.78% 20.81% 20.51%
2012 20.65% 20.99% 20.63%
2011 20.70% 20.99% 23.01%
2010 20.50% 20.79% 21.66%
2009 20.12% 19.96% 19.26%
2008 19.00% 18.15% 17.11%
2007 18.66% 17.86% 18.52%
2006 18.90% 18.69% 17.98%

Renter Fraction in Dorchester County South Carolina

You can calculate the renter fraction in Dorchester 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 Dorchester County as a fraction of total Dorchester County households. In 2017 28.64% of households were renters according to Census ACS data.

Dorchester 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%
Dorchester County SC 28.64% -1.03% -0.21%

Trends in the Dorchester County SC Renter Fraction

The Dorchester County household renter fraction peaked in in 2012 at 32.38% and is now 3.74% below that level. The origin year for the series is 2005.

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

Fraction of renters in Dorchester County

History of Dorchester County Renter Fraction

Date US South Carolina Dorchester County SC
2017 36.13% 31.25% 28.64%
2016 36.88% 31.37% 29.67%
2015 36.97% 31.87% 29.13%
2014 36.90% 31.95% 28.85%
2013 36.50% 31.83% 31.18%
2012 36.09% 31.87% 32.38%
2011 35.42% 30.83% 28.15%
2010 34.65% 31.30% 28.52%
2009 34.13% 29.86% 25.62%
2008 33.36% 29.42% 20.55%
2007 32.80% 29.96% 27.53%
2006 32.73% 29.66% 25.19%

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.