Pawleys Island, 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 Pawleys Island, South Carolina rental market.

Pawleys Island, South Carolina

Average Apartment Rent

$1,575

Y-o-Y Change in Average
Apartment Rent

3.8%

As of November 2024

Compared to a year ago, Pawleys Island, South Carolina apartments have recorded a 3.8% rent increase.

Pawleys Island, South Carolina Average apartment rent trend

Median Rent Jul 2021 Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Pawleys Island $1,263 $1,259 $1,264 $1,535 $1,573 $1,558 $1,517 $1,727 $1,618 $1,575
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Pawleys Island
National
Jul 2021
$1,263
$1,596
Nov 2021
$1,259
$1,635
Mar 2022
$1,264
$1,708
Jul 2022
$1,535
$1,726
Nov 2022
$1,573
$1,714
Mar 2023
$1,558
$1,739
Nov 2023
$1,517
$1,733
Mar 2024
$1,727
$1,727
Jul 2024
$1,618
$1,752
Nov 2024
$1,575
$1,748

Pawleys Island, South Carolina Average Apartment Rent

Pawleys Island, South Carolina Apartment rent ranges

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

At 51.56%, apartments priced $1,500 - $2,000 represent the bulk of Pawleys Island, South Carolina rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 48.44%.

Pawleys Island, South Carolina Housing tenure**

Renter occupied housing units 6
Owner occupied housing units 58

Renters take up 9% of Pawleys Island, South Carolina real estate, occupying a total of 6 units, while homeowners live in 58 properties.

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

5

Renter median household income**

$41,250

Rental vacancy rate**

33.3%

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

2 beds 4
5 or more beds 2

There are 4 rentals in Pawleys Island, South Carolina with 2 beds making up the highest share of the market, at 67%. Units with 5 or more beds, on the other hand, hold the lowest percentage (33%), amounting to 2 units. Overall, the median number of rooms in Pawleys Island, South Carolina homes for rent is 5.

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

65 - 74 years 4
75 - 84 years 2

Most condos for rent in Pawleys Island, South Carolina are occupied by residents in the 65 - 74 years age group (67%), while people in the 75 - 84 years age group make up the lowest share of the local rental market – 33%.

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

Family households 0
Non-Family Households 6

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

With related children of the householder under 18 0
No related children of the householder under 18 6

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

Some college or associate's degree 4
Bachelor's degree or higher 2

In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Pawleys Island, South Carolina.

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

Built 1980 - 1989 4
Built 1940 - 1949 2

The highest share of Pawleys Island, South Carolina apartment rentals, namely 67% or 4 units, were Built 1980 - 1989, followed by those Built 1940 - 1949 (33%, 2 units).

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

Moved in 2010 to 2017 4
Moved in 2000 to 2009 2

Median year renter moved into unit 2012

Most Pawleys Island, South Carolina renters (67%) moved in 2010 to 2017, while only 33% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Pawleys Island, South Carolina condos for rent is 2012.

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

1 or more vehicles available 6

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

Worked at home 2

When it comes to transportation options, all Pawleys Island, South Carolina renters have 1 or more vehicles available per household.

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

Same house as 1 year ago 6

Pawleys Island, 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 Pawleys Island, 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

Check out rentals available in Pawleys Island, South Carolina