Hanahan, 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 Hanahan, South Carolina rental market.

Hanahan, South Carolina

Average Apartment Rent

$1,535

Y-o-Y Change in Average
Apartment Rent

2%

As of November 2024

Compared to a year ago, Hanahan, South Carolina apartments have recorded a 2% rent increase.

Hanahan, 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
Hanahan $1,298 $1,356 $1,404 $1,411 $1,424 $1,492 $1,505 $1,542 $1,536 $1,535
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Hanahan
National
Nov 2021
$1,298
$1,596
Mar 2022
$1,356
$1,635
Jul 2022
$1,404
$1,708
Nov 2022
$1,411
$1,726
Mar 2023
$1,424
$1,714
Jul 2023
$1,492
$1,739
Nov 2023
$1,505
$1,733
Mar 2024
$1,542
$1,727
Jul 2024
$1,536
$1,752
Nov 2024
$1,535
$1,748

Hanahan, South Carolina Average Apartment Rent

Hanahan, South Carolina Apartment rent ranges

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

At 47.73%, apartments priced $1,000 - $1,500 represent the bulk of Hanahan, South Carolina rentals, while condos priced Over $2,000 hold the lowest share of the market – 4.84%.

Hanahan, South Carolina Housing tenure**

Renter occupied housing units 2,360
Owner occupied housing units 5,000

Renters take up 32% of Hanahan, South Carolina real estate, occupying a total of 2,360 units, while homeowners live in 5,000 properties.

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

4.5

Renter median household income**

$50,691

Average household size of renter-occupied housing units**

2.74

Rental vacancy rate**

8.9%

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

No bedrooms 62
1 bed 307
2 beds 1,247
3 beds 631
4 beds 96
5 or more beds 17

There are 1,247 rentals in Hanahan, South Carolina with 2 beds making up the highest share of the market, at 53%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 17 units. Overall, the median number of rooms in Hanahan, South Carolina homes for rent is 4.5.

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

15 - 24 years 451
25 - 34 years 682
35 - 44 years 494
45 - 54 years 261
55 - 59 years 143
60 - 64 years 129
65 - 74 years 128
75 - 84 years 44
85 years and over 28

Most condos for rent in Hanahan, South Carolina are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.

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

Family households 1,451
Non-Family Households 909

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

With related children of the householder under 18 909
No related children of the householder under 18 1,451

A total of 1,451 apartments for rent in Hanahan, South Carolina, or 61% of all rentals are family households. Additionally, 39% of rental homes include children under the age of 18 – that’s 909 units. All in all, the median size of a renter-occupied household in Hanahan, South Carolina is 2.74.

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

Less than high school graduate 207
High school graduate (including equivalency) 582
Some college or associate's degree 1,064
Bachelor's degree or higher 507

In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Hanahan, South Carolina.

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

Built 2010 - 2019 392
Built 2000 - 2009 220
Built 1990 - 1999 281
Built 1980 - 1989 412
Built 1970 - 1979 556
Built 1960 - 1969 360
Built 1950 - 1959 120
Built 1940 - 1949 19

The highest share of Hanahan, South Carolina apartment rentals, namely 24% or 556 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (17%, 412 units), and the ones Built 2010 - 2019 (17%, 392 units).

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

Moved in 2021 or later 194
Moved in 2018 to 2020 902
Moved in 2010 to 2017 933
Moved in 2000 to 2009 257
Moved in 1990 to 1999 70

Median year renter moved into unit 2017

Most Hanahan, South Carolina renters (40%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Hanahan, South Carolina condos for rent is 2017.

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

No vehicle available 302
1 vehicle available 754
2 vehicles available 1,052
3 or more vehicles available 252

When it comes to transportation options, 45% of Hanahan, South Carolina renters have 2 vehicles available per household, 32% of them have 1 vehicle available, and 13% have No vehicle available.

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

Car, truck, or van - drove alone 2,275
Car, truck, or van - carpooled 507
Public transportation (excluding taxicab) 175
Walked 95
Taxicab, motorcycle, bicycle, or other means 68
Worked at home 198

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

Same house as 1 year ago 4,476
Moved within same county 598
Moved from different county within same state 701
Moved from different state 593
Moved from abroad 52

Hanahan, 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 Hanahan, 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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