Sumter County South Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Sumter County SC was $848 in 2019 according to the Census ACS survey.1 Average gross rent in Sumter County was $750 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 Sumter County median and average rent data will be released in September of 2021.
Data is also available below for Sumter County rental vacancy rates, Sumter County rent as a percent of median income and the fraction of renters in Sumter County.
Real Gross Rent in Sumter 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% |
| Sumter County SC Median Gross Rent | $848 | +3.54% | +18.27% |
Sumter County SC Real Gross Rent Trends
At $848, real median gross rent in Sumter County was at its highest level in 2019 since the series began in 2005. Average gross rent for Sumter County peaked in real terms in 2011 at $841 and is now $91 (10.82%) lower.
Real Gross Rent: Sumter County SC Median, Sumter County SC Average, South Carolina Median, US Median
Real Gross Rent History for Sumter County
| Date | US Median |
South Carolina Median |
Sumter County SC Median |
Sumter County SC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $922 | $848 | $750 |
| 2018 | $1,077 | $908 | $819 | $747 |
| 2017 | $1,043 | $874 | $794 | $742 |
| 2016 | $1,027 | $881 | $717 | $655 |
| 2015 | $1,017 | $869 | $822 | $807 |
| 2014 | $986 | $835 | $754 | $722 |
| 2013 | $953 | $807 | $805 | $777 |
| 2012 | $940 | $802 | $743 | $670 |
| 2011 | $941 | $800 | $761 | $841 |
| 2010 | $955 | $813 | $760 | $685 |
| 2009 | $960 | $805 | $728 | $639 |
| 2007 | $927 | $758 | $726 | $651 |
| 2005 | $910 | $764 | $639 | $576 |
Sumter County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Sumter County South Carolina was 7.82% according to Census ACS data.
Rental Vacancy Rate in Sumter 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% |
| Sumter County SC | — | — | — |
Trends in Sumter County SC Rental Vacancy Rate
The rental vacancy rate in Sumter County peaked in 2009 at 12.99%. Since then it has fallen by 5.17% to 7.82%. Data records for this series originated in 2005. From a 2017 post peak low of 4.34%, the rental vacancy rate has increased by 3.48%.
Rental Vacancy Rate: Sumter County SC, South Carolina, US
Historical Rental Vacancy Rate data for Sumter County
| Date | US | South Carolina | Sumter County SC |
|---|---|---|---|
| 2019 | 5.97% | 9.13% | — |
| 2018 | 6.15% | 9.99% | 7.82% |
| 2017 | 6.18% | 8.97% | 4.34% |
| 2016 | 5.89% | 8.49% | 4.62% |
| 2015 | 5.85% | 9.45% | — |
| 2014 | 6.32% | 10.54% | 6.92% |
| 2013 | 6.49% | 10.54% | — |
| 2012 | 6.77% | 12.68% | 5.06% |
| 2011 | 7.40% | 12.12% | 5.09% |
| 2010 | 8.17% | 13.69% | 9.76% |
| 2009 | 8.43% | 13.35% | 12.99% |
| 2007 | 7.87% | 11.99% | 7.10% |
| 2005 | 7.74% | 11.43% | — |
Rent as a Fraction of Income
Using median household income data for Sumter County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Sumter County, median monthly gross rent as a fraction of median household income was 19.94% in 2019 according to the ACS.
Sumter 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% |
| Sumter County SC | 19.94% | -1.03% | -0.30% |
Trends in Sumter County SC Rent as a Fraction of Income
The fraction of median Sumter County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 23.39%. Since then it has fallen by 3.45% to 19.94%.
Fraction of Income towards Rent: Sumter County SC, South Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Sumter County South Carolina
| Date | US | South Carolina | Sumter County SC |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 19.94% |
| 2018 | 20.50% | 20.46% | 20.98% |
| 2017 | 20.13% | 20.12% | 20.27% |
| 2016 | 20.43% | 20.39% | 20.24% |
| 2015 | 20.63% | 20.81% | 22.59% |
| 2014 | 20.89% | 20.98% | 23.39% |
| 2013 | 20.78% | 20.81% | 23.05% |
| 2012 | 20.65% | 20.99% | 21.12% |
| 2011 | 20.70% | 20.99% | 20.14% |
| 2010 | 20.50% | 20.79% | 22.38% |
| 2009 | 20.12% | 19.96% | 20.35% |
| 2007 | 18.66% | 17.86% | 19.00% |
| 2005 | 18.89% | 18.65% | 18.20% |
Renter Fraction in Sumter County South Carolina
You can calculate the renter fraction in Sumter 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 Sumter County as a fraction of total Sumter County households. In 2019 36.12% of households were renters according to Census ACS data.
Sumter 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% |
| Sumter County SC | 36.12% | -1.52% | +1.46% |
Trends in the Sumter County SC Renter Fraction
The Sumter County household renter fraction peaked in in 2018 at 37.64% and is now 1.52% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Sumter County SC, South Carolina, US
History of Sumter County Renter Fraction
| Date | US | South Carolina | Sumter County SC |
|---|---|---|---|
| 2019 | 35.89% | 29.73% | 36.12% |
| 2018 | 36.05% | 30.73% | 37.64% |
| 2017 | 36.13% | 31.25% | 35.06% |
| 2016 | 36.88% | 31.37% | 34.66% |
| 2015 | 36.97% | 31.87% | 36.08% |
| 2014 | 36.90% | 31.95% | 33.33% |
| 2013 | 36.50% | 31.83% | 35.10% |
| 2012 | 36.09% | 31.87% | 36.06% |
| 2011 | 35.42% | 30.83% | 35.92% |
| 2010 | 34.65% | 31.30% | 36.85% |
| 2009 | 34.13% | 29.86% | 28.95% |
| 2007 | 32.80% | 29.96% | 33.98% |
| 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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