Greenwood, 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 Greenwood, South Carolina rental market.

Greenwood, South Carolina

Average Apartment Rent

$1,103

Y-o-Y Change in Average
Apartment Rent

11.5%

As of November 2024

Compared to a year ago, Greenwood, South Carolina apartments have recorded a 11.5% rent increase.

Greenwood, 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
Greenwood $889 $920 $943 $979 $967 $1,007 $989 $1,001 $1,046 $1,103
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Greenwood
National
Nov 2021
$889
$1,596
Mar 2022
$920
$1,635
Jul 2022
$943
$1,708
Nov 2022
$979
$1,726
Mar 2023
$967
$1,714
Jul 2023
$1,007
$1,739
Nov 2023
$989
$1,733
Mar 2024
$1,001
$1,727
Jul 2024
$1,046
$1,752
Nov 2024
$1,103
$1,748

Greenwood, South Carolina Average Apartment Rent

Greenwood, South Carolina Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,001 - $1,500
$1,501 - $2,000
Over $2,000

At 66.46%, apartments priced $1,000 - $1,500 represent the bulk of Greenwood, South Carolina rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 2.93%.

Greenwood, South Carolina Housing tenure**

Renter occupied housing units 4,851
Owner occupied housing units 3,868

Renters take up 56% of Greenwood, South Carolina real estate, occupying a total of 4,851 units, while homeowners live in 3,868 properties.

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

4.5

Renter median household income**

$32,924

Average household size of renter-occupied housing units**

2.19

Rental vacancy rate**

2.7%

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

No bedrooms 336
1 bed 601
2 beds 2,302
3 beds 1,379
4 beds 73
5 or more beds 160

There are 2,302 rentals in Greenwood, South Carolina with 2 beds making up the highest share of the market, at 47%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 73 units. Overall, the median number of rooms in Greenwood, South Carolina homes for rent is 4.5.

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

15 - 24 years 174
25 - 34 years 821
35 - 44 years 1,240
45 - 54 years 704
55 - 59 years 499
60 - 64 years 433
65 - 74 years 422
75 - 84 years 281
85 years and over 277

Most condos for rent in Greenwood, South Carolina are occupied by residents in the 35 - 44 years age group (26%), followed by those in the 25 - 34 years age group (17%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 4%.

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

Family households 1,927
Non-Family Households 2,924

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

With related children of the householder under 18 1,319
No related children of the householder under 18 3,532

A total of 1,927 apartments for rent in Greenwood, South Carolina, or 40% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 1,319 units. All in all, the median size of a renter-occupied household in Greenwood, South Carolina is 2.19.

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

Less than high school graduate 1,332
High school graduate (including equivalency) 1,693
Some college or associate's degree 1,214
Bachelor's degree or higher 612

In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 27% of the homes for rent in Greenwood, South Carolina.

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

Built 2010 - 2019 297
Built 2000 - 2009 326
Built 1990 - 1999 624
Built 1980 - 1989 483
Built 1970 - 1979 695
Built 1960 - 1969 709
Built 1950 - 1959 654
Built 1940 - 1949 328
Built 1939 or earlier 735

The highest share of Greenwood, South Carolina apartment rentals, namely 15% or 735 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (15%, 709 units), and the ones Built 1970 - 1979 (14%, 695 units).

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

Moved in 2021 or later 130
Moved in 2018 to 2020 1,050
Moved in 2010 to 2017 2,840
Moved in 2000 to 2009 578
Moved in 1990 to 1999 205
Moved in 1989 or earlier 48

Median year renter moved into unit 2014

Most Greenwood, South Carolina renters (59%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Greenwood, South Carolina condos for rent is 2014.

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

No vehicle available 1,086
1 vehicle available 2,667
2 vehicles available 994
3 or more vehicles available 104

When it comes to transportation options, 55% of Greenwood, South Carolina renters have 1 vehicle available per household, 22% of them have No vehicle available, and 20% have 2 vehicles available.

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

Car, truck, or van - drove alone 3,205
Car, truck, or van - carpooled 697
Walked 52
Worked at home 116

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

Same house as 1 year ago 9,300
Moved within same county 612
Moved from different county within same state 60
Moved from different state 371

Greenwood, 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 Greenwood, 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

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