Moncks Corner, 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 Moncks Corner, South Carolina rental market.

Moncks Corner, South Carolina

Average Apartment Rent

$1,822

Y-o-Y Change in Average
Apartment Rent

35.4%

As of November 2024

Compared to a year ago, Moncks Corner, South Carolina apartments have recorded a 35.4% rent increase.

Moncks Corner, 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
Moncks Corner $1,142 $1,182 $1,219 $1,252 $1,277 $1,316 $1,346 $1,807 $1,830 $1,822
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Moncks Corner
National
Nov 2021
$1,142
$1,596
Mar 2022
$1,182
$1,635
Jul 2022
$1,219
$1,708
Nov 2022
$1,252
$1,726
Mar 2023
$1,277
$1,714
Jul 2023
$1,316
$1,739
Nov 2023
$1,346
$1,733
Mar 2024
$1,807
$1,727
Jul 2024
$1,830
$1,752
Nov 2024
$1,822
$1,748

Moncks Corner, South Carolina Average Apartment Rent

Moncks Corner, South Carolina Apartment rent ranges

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

At 38.14%, apartments priced $1,500 - $2,000 represent the bulk of Moncks Corner, South Carolina rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 30.82%.

Moncks Corner, South Carolina Housing tenure**

Renter occupied housing units 1,132
Owner occupied housing units 3,732

Renters take up 23% of Moncks Corner, South Carolina real estate, occupying a total of 1,132 units, while homeowners live in 3,732 properties.

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

4.9

Renter median household income**

$46,552

Average household size of renter-occupied housing units**

2.35

Rental vacancy rate**

2.9%

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

1 bed 143
2 beds 462
3 beds 483
5 or more beds 44

There are 483 rentals in Moncks Corner, South Carolina with 3 beds making up the highest share of the market, at 43%. Units with 5 or more beds, on the other hand, hold the lowest percentage (4%), amounting to 44 units. Overall, the median number of rooms in Moncks Corner, South Carolina homes for rent is 4.9.

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

15 - 24 years 25
25 - 34 years 167
35 - 44 years 217
45 - 54 years 325
55 - 59 years 133
60 - 64 years 165
65 - 74 years 100

Most condos for rent in Moncks Corner, South Carolina are occupied by residents in the 45 - 54 years age group (29%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.

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

Family households 806
Non-Family Households 326

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

With related children of the householder under 18 349
No related children of the householder under 18 783

A total of 806 apartments for rent in Moncks Corner, South Carolina, or 71% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 349 units. All in all, the median size of a renter-occupied household in Moncks Corner, South Carolina is 2.35.

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

Less than high school graduate 33
High school graduate (including equivalency) 353
Some college or associate's degree 529
Bachelor's degree or higher 217

In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Moncks Corner, South Carolina.

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

Built 2020 or later 22
Built 2010 - 2019 274
Built 2000 - 2009 51
Built 1990 - 1999 201
Built 1980 - 1989 207
Built 1970 - 1979 187
Built 1960 - 1969 162
Built 1950 - 1959 28

The highest share of Moncks Corner, South Carolina apartment rentals, namely 24% or 274 units, were Built 2010 - 2019, followed by those Built 1980 - 1989 (18%, 207 units), and the ones Built 1990 - 1999 (18%, 201 units).

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

Moved in 2021 or later 141
Moved in 2018 to 2020 342
Moved in 2010 to 2017 407
Moved in 2000 to 2009 149
Moved in 1990 to 1999 78
Moved in 1989 or earlier 15

Median year renter moved into unit 2016

Most Moncks Corner, South Carolina renters (36%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Moncks Corner, South Carolina condos for rent is 2016.

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

No vehicle available 35
1 vehicle available 633
2 vehicles available 313
3 vehicles available 73
4 or more vehicles available 78

When it comes to transportation options, 56% of Moncks Corner, South Carolina renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 7% have 4 or more vehicles available.

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

Car, truck, or van - drove alone 1,166
Car, truck, or van - carpooled 22
Walked 17
Worked at home 234

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

Same house as 1 year ago 1,679
Moved within same county 630
Moved from different county within same state 259
Moved from different state 87

Moncks Corner, 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 Moncks Corner, 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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