Department of Numbers

Oconee County South Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Oconee County SC was $728 in 2017 according to the Census ACS survey.1 Average gross rent in Oconee County was $740 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 Oconee County median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Oconee 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%
Oconee County SC Median Gross Rent $728 +0.97% +0.55%

Oconee County SC Real Gross Rent Trends

Median gross rent for Oconee County peaked in real terms in 2010 at $734 and is now $6 (0.82%) lower. At $740, real average gross rent in Oconee County was at its highest level in 2017 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Oconee County

Date US
Median
South Carolina
Median
Oconee County SC
Median
Oconee County SC
Average
2017 $1,012 $848 $728 $740
2016 $996 $854 $721 $688
2015 $987 $843 $717 $664
2014 $956 $810 $724 $695
2013 $924 $782 $671 $578
2012 $912 $778 $665 $727
2011 $912 $776 $665 $661
2010 $927 $789 $734 $719
2009 $931 $780 $667 $591
2008 $947 $775 $710 $660
2007 $899 $735 $588 $565
2006 $909 $762 $594 $531

Oconee 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 Oconee County South Carolina was 17.36% according to Census ACS data.

Rental Vacancy Rate in Oconee 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%
Oconee County SC 17.36% +9.46%

Trends in Oconee County SC Rental Vacancy Rate

The rental vacancy rate in Oconee County peaked in 2005 at 19.05%. Since then it has fallen by 1.69% to 17.36%. Data records for this series originated in 2005. From a 2009 post peak low of 6.13%, the rental vacancy rate has increased by 11.23%.

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

Rental vacancy rate in South Carolina

Historical Rental Vacancy Rate data for Oconee County

Date US South Carolina Oconee County SC
2017 6.18% 8.97% 17.36%
2016 5.89% 8.49% 7.90%
2015 5.85% 9.45% 6.99%
2014 6.32% 10.54%
2013 6.49% 10.54% 7.72%
2012 6.77% 12.68% 10.81%
2011 7.40% 12.12% 9.90%
2010 8.17% 13.69%
2009 8.43% 13.35% 6.13%
2008 7.86% 12.38% 10.77%
2007 7.87% 11.99% 15.27%
2006 7.70% 11.42% 8.79%

Rent as a Fraction of Income

Using median household income data for Oconee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oconee County, median monthly gross rent as a fraction of median household income was 17.41% in 2017 according to the ACS.

Oconee 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%
Oconee County SC 17.41% -2.07% -6.73%

Trends in Oconee County SC Rent as a Fraction of Income

The fraction of median Oconee County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 24.13%. Since then it has fallen by 6.73% to 17.41%.

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

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

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

Date US South Carolina Oconee County SC
2017 20.13% 20.12% 17.41%
2016 20.43% 20.39% 19.48%
2015 20.63% 20.81% 19.33%
2014 20.89% 20.98% 24.13%
2013 20.78% 20.81% 19.44%
2012 20.65% 20.99% 20.70%
2011 20.70% 20.99% 18.52%
2010 20.50% 20.79% 18.96%
2009 20.12% 19.96% 19.78%
2008 19.00% 18.15% 18.01%
2007 18.66% 17.86% 15.40%
2006 18.90% 18.69% 15.09%

Renter Fraction in Oconee County South Carolina

You can calculate the renter fraction in Oconee 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 Oconee County as a fraction of total Oconee County households. In 2017 28.27% of households were renters according to Census ACS data.

Oconee 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%
Oconee County SC 28.27% -0.87% +0.75%

Trends in the Oconee County SC Renter Fraction

The Oconee County household renter fraction peaked in in 2012 at 29.36% and is now 1.09% below that level. The origin year for the series is 2005.

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

Fraction of renters in Oconee County

History of Oconee County Renter Fraction

Date US South Carolina Oconee County SC
2017 36.13% 31.25% 28.27%
2016 36.88% 31.37% 29.14%
2015 36.97% 31.87% 28.17%
2014 36.90% 31.95% 27.52%
2013 36.50% 31.83% 24.88%
2012 36.09% 31.87% 29.36%
2011 35.42% 30.83% 24.42%
2010 34.65% 31.30% 24.45%
2009 34.13% 29.86% 26.24%
2008 33.36% 29.42% 25.36%
2007 32.80% 29.96% 26.37%
2006 32.73% 29.66% 20.88%

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.