Greenville County South Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Greenville County SC was $952 in 2019 according to the Census ACS survey.1 Average gross rent in Greenville County was $960 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Greenville County median and average rent data will be released in September of 2021.
Data is also available below for Greenville County rental vacancy rates, Greenville County rent as a percent of median income and the fraction of renters in Greenville County.
Real Gross Rent in Greenville County South Carolina (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| South Carolina Median Gross Rent | $922 | +1.54% | +4.65% |
| Greenville County SC Median Gross Rent | $952 | -0.83% | +5.19% |
Greenville County SC Real Gross Rent Trends
Median gross rent for Greenville County peaked in real terms in 2018 at $960 and is now $8 (0.83%) lower. Average gross rent for Greenville County peaked in real terms in 2018 at $971 and is now $11 (1.13%) lower.
Real Gross Rent: Greenville County SC Median, Greenville County SC Average, South Carolina Median, US Median
Real Gross Rent History for Greenville County
| Date | US Median |
South Carolina Median |
Greenville County SC Median |
Greenville County SC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $922 | $952 | $960 |
| 2018 | $1,077 | $908 | $960 | $971 |
| 2017 | $1,043 | $874 | $873 | $904 |
| 2016 | $1,027 | $881 | $905 | $921 |
| 2015 | $1,017 | $869 | $858 | $862 |
| 2014 | $986 | $835 | $823 | $834 |
| 2013 | $953 | $807 | $777 | $785 |
| 2012 | $940 | $802 | $781 | $779 |
| 2011 | $941 | $800 | $785 | $839 |
| 2010 | $955 | $813 | $778 | $778 |
| 2009 | $960 | $805 | $785 | $782 |
| 2007 | $927 | $758 | $753 | $755 |
| 2005 | $910 | $764 | $755 | $738 |
Greenville County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Greenville County South Carolina was 5.43% according to Census ACS data.
Rental Vacancy Rate in Greenville County South Carolina
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| South Carolina | 9.13% | -0.86% | +0.64% |
| Greenville County SC | 5.43% | -3.21% | -0.79% |
Trends in Greenville County SC Rental Vacancy Rate
The rental vacancy rate in Greenville County peaked in 2005 at 12.20%. Since then it has fallen by 6.77% to 5.43%. Data records for this series originated in 2005. From a 2013 post peak low of 4.22%, the rental vacancy rate has increased by 1.21%.
Rental Vacancy Rate: Greenville County SC, South Carolina, US
Historical Rental Vacancy Rate data for Greenville County
| Date | US | South Carolina | Greenville County SC |
|---|---|---|---|
| 2019 | 5.97% | 9.13% | 5.43% |
| 2018 | 6.15% | 9.99% | 8.64% |
| 2017 | 6.18% | 8.97% | 6.69% |
| 2016 | 5.89% | 8.49% | 6.22% |
| 2015 | 5.85% | 9.45% | 6.09% |
| 2014 | 6.32% | 10.54% | 9.38% |
| 2013 | 6.49% | 10.54% | 4.22% |
| 2012 | 6.77% | 12.68% | 6.75% |
| 2011 | 7.40% | 12.12% | 6.15% |
| 2010 | 8.17% | 13.69% | 11.46% |
| 2009 | 8.43% | 13.35% | 10.27% |
| 2007 | 7.87% | 11.99% | 8.67% |
| 2005 | 7.74% | 11.43% | 12.20% |
Rent as a Fraction of Income
Using median household income data for Greenville County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Greenville County, median monthly gross rent as a fraction of median household income was 17.74% in 2019 according to the ACS.
Greenville County South Carolina Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| South Carolina | 19.68% | -0.79% | -0.71% |
| Greenville County SC | 17.74% | -0.76% | -1.00% |
Trends in Greenville County SC Rent as a Fraction of Income
The fraction of median Greenville County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 19.00%. Since then it has fallen by 1.26% to 17.74%.
Fraction of Income towards Rent: Greenville County SC, South Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Greenville County South Carolina
| Date | US | South Carolina | Greenville County SC |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 17.74% |
| 2018 | 20.50% | 20.46% | 18.50% |
| 2017 | 20.13% | 20.12% | 18.18% |
| 2016 | 20.43% | 20.39% | 18.73% |
| 2015 | 20.63% | 20.81% | 18.70% |
| 2014 | 20.89% | 20.98% | 19.00% |
| 2013 | 20.78% | 20.81% | 17.95% |
| 2012 | 20.65% | 20.99% | 18.88% |
| 2011 | 20.70% | 20.99% | 17.96% |
| 2010 | 20.50% | 20.79% | 18.48% |
| 2009 | 20.12% | 19.96% | 18.11% |
| 2007 | 18.66% | 17.86% | 16.10% |
| 2005 | 18.89% | 18.65% | 17.07% |
Renter Fraction in Greenville County South Carolina
You can calculate the renter fraction in Greenville 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 Greenville County as a fraction of total Greenville County households. In 2019 30.18% of households were renters according to Census ACS data.
Greenville County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| South Carolina | 29.73% | -1.00% | -1.64% |
| Greenville County SC | 30.18% | -2.15% | -4.88% |
Trends in the Greenville County SC Renter Fraction
The Greenville County household renter fraction peaked in in 2016 at 35.06% and is now 4.88% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Greenville County SC, South Carolina, US
History of Greenville County Renter Fraction
| Date | US | South Carolina | Greenville County SC |
|---|---|---|---|
| 2019 | 35.89% | 29.73% | 30.18% |
| 2018 | 36.05% | 30.73% | 32.33% |
| 2017 | 36.13% | 31.25% | 32.69% |
| 2016 | 36.88% | 31.37% | 35.06% |
| 2015 | 36.97% | 31.87% | 34.68% |
| 2014 | 36.90% | 31.95% | 34.59% |
| 2013 | 36.50% | 31.83% | 34.82% |
| 2012 | 36.09% | 31.87% | 35.04% |
| 2011 | 35.42% | 30.83% | 32.74% |
| 2010 | 34.65% | 31.30% | 32.01% |
| 2009 | 34.13% | 29.86% | 33.25% |
| 2007 | 32.80% | 29.96% | 31.03% |
| 2005 | 33.10% | 29.91% | 31.87% |
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. ↩
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