Forest Acres, 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 Forest Acres, South Carolina rental market.
Forest Acres, South Carolina
Average Apartment Rent
$1,546
Y-o-Y Change in Average
Apartment Rent
2.9%
As of July 2024
Compared to a year ago, Forest Acres, South Carolina apartments have recorded a 2.9% rent increase.
Forest Acres, South Carolina |Average apartment rent trend
Forest Acres, South Carolina| Average apartment rent
Forest Acres, South Carolina | Apartment rent ranges
At 51.54%, apartments priced $1,000 - $1,500 represent the bulk of Forest Acres, South Carolina rentals, while condos priced $700 - $1000 hold the lowest share of the market – 11.71%.
Forest Acres, South Carolina | Housing tenure**
Renters take up 22% of Forest Acres, South Carolina real estate, occupying a total of 1,037 units, while homeowners live in 3,657 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$42,462
Average household size of renter-occupied housing units**
2.22
Rental vacancy rate**
4.6%
Forest Acres, South Carolina | Renter-occupied housing units by no. of bedrooms**
There are 628 rentals in Forest Acres, South Carolina with 2 beds making up the highest share of the market, at 61%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 34 units. Overall, the median number of rooms in Forest Acres, South Carolina homes for rent is 4.7.
Forest Acres, South Carolina |Renter-occupied units by age of householder**
Most condos for rent in Forest Acres, South Carolina are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 3%.
Forest Acres, South Carolina | Renter-occupied housing units by family type**
Forest Acres, South Carolina | Renter-occupied housing units by the presence of own children**
A total of 522 apartments for rent in Forest Acres, South Carolina, or 50% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 282 units. All in all, the median size of a renter-occupied household in Forest Acres, South Carolina is 2.22.
Forest Acres, South Carolina | Renter-occupied housing units by educational attainment**
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 7% of the homes for rent in Forest Acres, South Carolina.
Forest Acres, South Carolina | Renter-occupied units by year structure built**
The highest share of Forest Acres, South Carolina apartment rentals, namely 36% or 369 units, were Built 1960 - 1969, followed by those Built 1950 - 1959 (15%, 160 units), and the ones Built 1970 - 1979 (13%, 137 units).
Forest Acres, South Carolina | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Forest Acres, South Carolina renters (39%) moved in 2018 to 2020, while only 4% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Forest Acres, South Carolina condos for rent is 2017.
Forest Acres, South Carolina | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Forest Acres, South Carolina renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 12% have No vehicle available.
Forest Acres, South Carolina | Means of transportation to work of householders living in renter-occupied housing units**
Forest Acres, South Carolina |Geographical mobility in the past year for householders living in renter-occupied housing units**
Forest Acres, 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 Forest Acres, 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
