Duncan, South 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 Duncan, South Carolina rental market.

Duncan, South Carolina

Average Apartment Rent

$1,331

Y-o-Y Change in Average
Apartment Rent

-0.2%

As of November 2024

Compared to a year ago, Duncan, South Carolina apartments have recorded a -0.2% rent decrease.

Duncan, South Carolina Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Duncan $1,145 $1,231 $1,266 $1,289 $1,313 $1,310 $1,334 $1,274 $1,307 $1,331
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Duncan
National
Nov 2021
$1,145
$1,596
Mar 2022
$1,231
$1,635
Jul 2022
$1,266
$1,708
Nov 2022
$1,289
$1,726
Mar 2023
$1,313
$1,714
Jul 2023
$1,310
$1,739
Nov 2023
$1,334
$1,733
Mar 2024
$1,274
$1,727
Jul 2024
$1,307
$1,752
Nov 2024
$1,331
$1,748

Duncan, South Carolina Average Apartment Rent

Duncan, South Carolina Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 83.63%, apartments priced $1,000 - $1,500 represent the bulk of Duncan, South Carolina rentals, while condos priced $700 - $1000 hold the lowest share of the market – 4.2%.

Duncan, South Carolina Housing tenure**

Renter occupied housing units 731
Owner occupied housing units 843

Renters take up 46% of Duncan, South Carolina real estate, occupying a total of 731 units, while homeowners live in 843 properties.

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

4.7

Renter median household income**

$58,284

Average household size of renter-occupied housing units**

3.03

Rental vacancy rate**

9.2%

Duncan, South Carolina Renter-occupied housing units by no. of bedrooms**

1 bed 105
2 beds 284
3 beds 297
4 beds 45

There are 297 rentals in Duncan, South Carolina with 3 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (6%), amounting to 45 units. Overall, the median number of rooms in Duncan, South Carolina homes for rent is 4.7.

Duncan, South Carolina Renter-occupied units by age of householder**

25 - 34 years 282
35 - 44 years 186
45 - 54 years 35
55 - 59 years 71
60 - 64 years 81
65 - 74 years 33
85 years and over 43

Most condos for rent in Duncan, South Carolina are occupied by residents in the 25 - 34 years age group (39%), followed by those in the 35 - 44 years age group (25%). At the same time, people in the 45 - 54 years age group make up the lowest share of the local rental market – 5%.

Duncan, South Carolina Renter-occupied housing units by family type**

Family households 529
Non-Family Households 202

Duncan, South Carolina Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 413
No related children of the householder under 18 318

A total of 529 apartments for rent in Duncan, South Carolina, or 72% of all rentals are family households. Additionally, 56% of rental homes include children under the age of 18 – that’s 413 units. All in all, the median size of a renter-occupied household in Duncan, South Carolina is 3.03.

Duncan, South Carolina Renter-occupied housing units by educational attainment**

Less than high school graduate 194
High school graduate (including equivalency) 152
Some college or associate's degree 330
Bachelor's degree or higher 55

In terms of education, renters holding bachelor degrees or higher make up 8% of the rental market. In contrast, residents with less than a high school degree reside in 27% of the homes for rent in Duncan, South Carolina.

Duncan, South Carolina Renter-occupied units by year structure built**

Built 2020 or later 22
Built 2010 - 2019 175
Built 1990 - 1999 131
Built 1980 - 1989 72
Built 1970 - 1979 254
Built 1960 - 1969 58
Built 1940 - 1949 13
Built 1939 or earlier 6

The highest share of Duncan, South Carolina apartment rentals, namely 35% or 254 units, were Built 1970 - 1979, followed by those Built 2010 - 2019 (24%, 175 units), and the ones Built 1990 - 1999 (18%, 131 units).

Duncan, South Carolina Renter-occupied units by year householder moved in**

Moved in 2021 or later 22
Moved in 2018 to 2020 356
Moved in 2010 to 2017 261
Moved in 2000 to 2009 68
Moved in 1990 to 1999 11
Moved in 1989 or earlier 13

Median year renter moved into unit 2018

Most Duncan, South Carolina renters (49%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Duncan, South Carolina condos for rent is 2018.

Duncan, South Carolina Renter-occupied housing units by vehicles available**

No vehicle available 52
1 vehicle available 281
2 vehicles available 299
3 vehicles available 54
4 or more vehicles available 45

When it comes to transportation options, 41% of Duncan, South Carolina renters have 2 vehicles available per household, 38% of them have 1 vehicle available, and 7% have 3 vehicles available.

Duncan, South Carolina Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 901
Car, truck, or van - carpooled 19
Walked 69

Duncan, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 1,618
Moved within same county 317
Moved from different county within same state 128
Moved from abroad 111

Duncan, 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 Duncan, 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

Check out rentals available in Duncan, South Carolina