Conway, South Carolina Rental Market Trends
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 Conway, South Carolina rental market.
Conway, South Carolina
Average Apartment Rent
$2,416
Y-o-Y Change in Average
Apartment Rent
10.1%
As of November 2024
Compared to a year ago, Conway, South Carolina apartments have recorded a 10.1% rent increase.
Conway, South Carolina Average apartment rent trend
Conway, South Carolina Average Apartment Rent
Conway, South Carolina Apartment rent ranges
At 52.27%, apartments priced Over $2,000 represent the bulk of Conway, South Carolina rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 5.64%.
Conway, South Carolina Housing tenure**
Renters take up 39% of Conway, South Carolina real estate, occupying a total of 3,151 units, while homeowners live in 4,914 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$26,999
Average household size of renter-occupied housing units**
2.5
Rental vacancy rate**
8.6%
Conway, South Carolina Renter-occupied housing units by no. of bedrooms**
There are 1,274 rentals in Conway, South Carolina with 3 beds making up the highest share of the market, at 40%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 24 units. Overall, the median number of rooms in Conway, South Carolina homes for rent is 4.3.
Conway, South Carolina Renter-occupied units by age of householder**
Most condos for rent in Conway, South Carolina are occupied by residents in the 45 - 54 years age group (30%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 5%.
Conway, South Carolina Renter-occupied housing units by family type**
Conway, South Carolina Renter-occupied housing units by the presence of own children**
A total of 1,636 apartments for rent in Conway, South Carolina, or 52% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 1,008 units. All in all, the median size of a renter-occupied household in Conway, South Carolina is 2.5.
Conway, South Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 11% of the rental market. In contrast, residents with less than a high school degree reside in 14% of the homes for rent in Conway, South Carolina.
Conway, South Carolina Renter-occupied units by year structure built**
The highest share of Conway, South Carolina apartment rentals, namely 23% or 730 units, were Built 1970 - 1979, followed by those Built 2000 - 2009 (16%, 517 units), and the ones Built 1980 - 1989 (15%, 468 units).
Conway, South Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Conway, South Carolina renters (37%) moved in 2010 to 2017, while only 11% of them moved in 2021 or later. Overall, the median year renters have occupied their Conway, South Carolina condos for rent is 2016.
Conway, South Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Conway, South Carolina renters have 1 vehicle available per household, 21% of them have 2 vehicles available, and 20% have No vehicle available.
Conway, South Carolina Means of transportation to work of householders living in renter-occupied housing units**
Conway, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
Conway, South Carolina Average apartment rent by zip codes
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 Conway, South 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
