Southern Pines, North Carolina Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Southern Pines, North Carolina rental market.

Southern Pines, North Carolina

Average Apartment Rent

$1,648

Y-o-Y Change in Average
Apartment Rent

9.3%

As of May 2026

Compared to a year ago, Southern Pines, North Carolina apartments have recorded a 9.3% rent increase.

Southern Pines, North Carolina Average apartment rent trend

Median Rent Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024 Mar 2025 Jul 2025 Nov 2025 Mar 2026
Southern Pines $1,438 $1,416 $1,487 $1,549 $1,550 $1,517 $1,615 $1,645 $1,651
National $1,741 $1,732 $1,736 $1,756 $1,749 $1,755 $1,767 $1,753 $1,750
Southern Pines
National
Jul 2023
$1,438
$1,741
Nov 2023
$1,416
$1,732
Mar 2024
$1,487
$1,736
Jul 2024
$1,549
$1,756
Nov 2024
$1,550
$1,749
Mar 2025
$1,517
$1,755
Jul 2025
$1,615
$1,767
Nov 2025
$1,645
$1,753
Mar 2026
$1,651
$1,750

Southern Pines, North Carolina Average Apartment Rent

Southern Pines, North Carolina Apartment rent ranges

Under $1,000
$1,001 - $1,500
$1,501 - $2,000
$2,001 - $2,500
$2,501 - $3,000
Over $3,000

At 65.98%, apartments priced $1,500 - $2,000 represent the bulk of Southern Pines, North Carolina rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.64%.

Southern Pines, North Carolina Housing tenure**

Renter occupied housing units 2,806
Owner occupied housing units 4,274

Renters take up 40% of Southern Pines, North Carolina real estate, occupying a total of 2,806 units, while homeowners live in 4,274 properties.

Median number of rooms of renter-occupied housing units**

4.2

Renter median household income**

$52,928

Average household size of renter-occupied housing units**

1.76

Rental vacancy rate**

4.8%

Southern Pines, North Carolina Renter-occupied housing units by no. of bedrooms**

No bedrooms 164
1 bed 565
2 beds 1,537
3 beds 475
4 beds 46
5 or more beds 19

There are 1,537 rentals in Southern Pines, North Carolina with 2 beds making up the highest share of the market, at 55%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 19 units. Overall, the median number of rooms in Southern Pines, North Carolina homes for rent is 4.2.

Southern Pines, North Carolina Renter-occupied units by age of householder**

15 - 24 years 285
25 - 34 years 774
35 - 44 years 353
45 - 54 years 424
55 - 59 years 76
60 - 64 years 36
65 - 74 years 242
75 - 84 years 295
85 years and over 321

Most condos for rent in Southern Pines, North Carolina are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 45 - 54 years age group (15%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 1%.

Southern Pines, North Carolina Renter-occupied housing units by family type**

Family households 1,065
Non-Family Households 1,741

Southern Pines, North Carolina Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 390
No related children of the householder under 18 2,416

A total of 1,065 apartments for rent in Southern Pines, North Carolina, or 38% of all rentals are family households. Additionally, 14% of rental homes include children under the age of 18 – that’s 390 units. All in all, the median size of a renter-occupied household in Southern Pines, North Carolina is 1.76.

Southern Pines, North Carolina Renter-occupied housing units by educational attainment**

Less than high school graduate 258
High school graduate (including equivalency) 403
Some college or associate's degree 805
Bachelor's degree or higher 1,340

In terms of education, renters holding bachelor degrees or higher make up 48% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Southern Pines, North Carolina.

Southern Pines, North Carolina Renter-occupied units by year structure built**

Built 2020 or later 39
Built 2010 - 2019 896
Built 2000 - 2009 111
Built 1990 - 1999 397
Built 1980 - 1989 320
Built 1970 - 1979 532
Built 1960 - 1969 150
Built 1950 - 1959 114
Built 1939 or earlier 236

The highest share of Southern Pines, North Carolina apartment rentals, namely 32% or 896 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (19%, 532 units), and the ones Built 1990 - 1999 (14%, 397 units).

Southern Pines, North Carolina Renter-occupied units by year householder moved in**

Moved in 2021 or later 409
Moved in 2018 to 2020 1,230
Moved in 2010 to 2017 942
Moved in 2000 to 2009 190
Moved in 1990 to 1999 35

Median year renter moved into unit 2019

Most Southern Pines, North Carolina renters (44%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Southern Pines, North Carolina condos for rent is 2019.

Southern Pines, North Carolina Renter-occupied housing units by vehicles available**

No vehicle available 524
1 vehicle available 1,601
2 vehicles available 568
3 vehicles available 86
4 or more vehicles available 27

When it comes to transportation options, 57% of Southern Pines, North Carolina renters have 1 vehicle available per household, 20% of them have 2 vehicles available, and 19% have No vehicle available.

Southern Pines, North Carolina Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 2,010
Car, truck, or van - carpooled 147
Walked 38
Taxicab, motorcycle, bicycle, or other means 206
Worked at home 212

Southern Pines, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 3,305
Moved within same county 831
Moved from different county within same state 322
Moved from different state 449
Moved from abroad 41

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Southern Pines, North Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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