Mount Pleasant, 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 Mount Pleasant, South Carolina rental market.
Mount Pleasant, South Carolina
Average Apartment Rent
$2,250
Y-o-Y Change in Average
Apartment Rent
0.6%
As of November 2024
Compared to a year ago, Mount Pleasant, South Carolina apartments have recorded a 0.6% rent increase.
Mount Pleasant, South Carolina Average apartment rent trend
Mount Pleasant, South Carolina Average Apartment Rent
Mount Pleasant, South Carolina Apartment rent ranges
At 64.02%, apartments priced Over $2,000 represent the bulk of Mount Pleasant, South Carolina rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 35.98%.
Mount Pleasant, South Carolina Housing tenure**
Renters take up 28% of Mount Pleasant, South Carolina real estate, occupying a total of 10,497 units, while homeowners live in 27,652 properties.
Median number of rooms of renter-occupied housing units**
4.5
Renter median household income**
$62,286
Average household size of renter-occupied housing units**
1.8
Rental vacancy rate**
11.3%
Mount Pleasant, South Carolina Renter-occupied housing units by no. of bedrooms**
There are 3,985 rentals in Mount Pleasant, South Carolina with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 53 units. Overall, the median number of rooms in Mount Pleasant, South Carolina homes for rent is 4.5.
Mount Pleasant, South Carolina Renter-occupied units by age of householder**
Most condos for rent in Mount Pleasant, South Carolina are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 5%.
Mount Pleasant, South Carolina Renter-occupied housing units by family type**
Mount Pleasant, South Carolina Renter-occupied housing units by the presence of own children**
A total of 3,793 apartments for rent in Mount Pleasant, South Carolina, or 36% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 2,096 units. All in all, the median size of a renter-occupied household in Mount Pleasant, South Carolina is 1.8.
Mount Pleasant, South Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 63% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Mount Pleasant, South Carolina.
Mount Pleasant, South Carolina Renter-occupied units by year structure built**
The highest share of Mount Pleasant, South Carolina apartment rentals, namely 29% or 3,056 units, were Built 2010 - 2019, followed by those Built 1980 - 1989 (20%, 2,048 units), and the ones Built 1990 - 1999 (16%, 1,728 units).
Mount Pleasant, South Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Mount Pleasant, South Carolina renters (49%) moved in 2018 to 2020, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Mount Pleasant, South Carolina condos for rent is 2019.
Mount Pleasant, South Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 58% of Mount Pleasant, South Carolina renters have 1 vehicle available per household, 31% of them have 2 vehicles available, and 7% have No vehicle available.
Mount Pleasant, South Carolina Means of transportation to work of householders living in renter-occupied housing units**
Mount Pleasant, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
Mount Pleasant, 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 Mount Pleasant, 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
