Folly Beach, 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 Folly Beach, South Carolina rental market.
Folly Beach, South Carolina
Average Apartment Rent
$2,150
Y-o-Y Change in Average
Apartment Rent
-3.1%
As of November 2024
Compared to a year ago, Folly Beach, South Carolina apartments have recorded a -3.1% rent decrease.
Folly Beach, South Carolina Average apartment rent trend
Folly Beach, South Carolina Average Apartment Rent
Folly Beach, South Carolina Apartment rent ranges
At 54.7%, apartments priced Over $2,000 represent the bulk of Folly Beach, South Carolina rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 45.3%.
Folly Beach, South Carolina Housing tenure**
Renters take up 25% of Folly Beach, South Carolina real estate, occupying a total of 160 units, while homeowners live in 481 properties.
Median number of rooms of renter-occupied housing units**
6.9
Average household size of renter-occupied housing units**
1.31
Rental vacancy rate**
51.9%
Folly Beach, South Carolina Renter-occupied housing units by no. of bedrooms**
There are 83 rentals in Folly Beach, South Carolina with 4 beds making up the highest share of the market, at 52%. Units with 1 bed, on the other hand, hold the lowest percentage (20%), amounting to 32 units. Overall, the median number of rooms in Folly Beach, South Carolina homes for rent is 6.9.
Folly Beach, South Carolina Renter-occupied units by age of householder**
Most condos for rent in Folly Beach, South Carolina are occupied by residents in the 60 - 64 years age group (73%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 25 - 34 years age group make up the lowest share of the local rental market – 4%.
Folly Beach, South Carolina Renter-occupied housing units by family type**
Folly Beach, South Carolina Renter-occupied housing units by the presence of own children**
Folly Beach, South Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 14% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Folly Beach, South Carolina.
Folly Beach, South Carolina Renter-occupied units by year structure built**
The highest share of Folly Beach, South Carolina apartment rentals, namely 48% or 77 units, were Built 2000 - 2009, followed by those Built 1960 - 1969 (32%, 51 units), and the ones Built 1950 - 1959 (14%, 23 units).
Folly Beach, South Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2005
Most Folly Beach, South Carolina renters (58%) moved in 2000 to 2009, while only 6% of them moved in 2018 to 2020. Overall, the median year renters have occupied their Folly Beach, South Carolina condos for rent is 2005.
Folly Beach, South Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 63% of Folly Beach, South Carolina renters have 1 vehicle available per household, 32% of them have 2 or more vehicles available, and 6% have No vehicle available.
Folly Beach, South Carolina Means of transportation to work of householders living in renter-occupied housing units**
Folly Beach, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
Folly Beach, 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 Folly Beach, 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