Pendleton, 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 Pendleton, South Carolina rental market.

Pendleton, South Carolina

Average Apartment Rent

$2,037

Y-o-Y Change in Average
Apartment Rent

-8.2%

As of November 2024

Compared to a year ago, Pendleton, South Carolina apartments have recorded a -8.2% rent decrease.

Pendleton, 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
Pendleton $2,175 $2,393 $2,271 $2,118 $2,113 $2,471 $2,220 $2,279 $2,154 $2,037
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Pendleton
National
Nov 2021
$2,175
$1,596
Mar 2022
$2,393
$1,635
Jul 2022
$2,271
$1,708
Nov 2022
$2,118
$1,726
Mar 2023
$2,113
$1,714
Jul 2023
$2,471
$1,739
Nov 2023
$2,220
$1,733
Mar 2024
$2,279
$1,727
Jul 2024
$2,154
$1,752
Nov 2024
$2,037
$1,748

Pendleton, South Carolina Average Apartment Rent

Pendleton, South Carolina Apartment rent ranges

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

At 63.93%, apartments priced Over $2,000 represent the bulk of Pendleton, South Carolina rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 36.07%.

Pendleton, South Carolina Housing tenure**

Renter occupied housing units 846
Owner occupied housing units 1,005

Renters take up 46% of Pendleton, South Carolina real estate, occupying a total of 846 units, while homeowners live in 1,005 properties.

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

4.6

Renter median household income**

$28,151

Average household size of renter-occupied housing units**

1.57

Rental vacancy rate**

8.8%

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

No bedrooms 21
1 bed 51
2 beds 554
3 beds 137
4 beds 83

There are 554 rentals in Pendleton, South Carolina with 2 beds making up the highest share of the market, at 65%. Units with No bedrooms, on the other hand, hold the lowest percentage (2%), amounting to 21 units. Overall, the median number of rooms in Pendleton, South Carolina homes for rent is 4.6.

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

15 - 24 years 128
25 - 34 years 293
35 - 44 years 103
45 - 54 years 96
55 - 59 years 8
60 - 64 years 59
65 - 74 years 159

Most condos for rent in Pendleton, South Carolina are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 65 - 74 years age group (19%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 1%.

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

Family households 223
Non-Family Households 623

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

With related children of the householder under 18 133
No related children of the householder under 18 713

A total of 223 apartments for rent in Pendleton, South Carolina, or 26% of all rentals are family households. Additionally, 16% of rental homes include children under the age of 18 – that’s 133 units. All in all, the median size of a renter-occupied household in Pendleton, South Carolina is 1.57.

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

Less than high school graduate 149
High school graduate (including equivalency) 81
Some college or associate's degree 328
Bachelor's degree or higher 288

In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 18% of the homes for rent in Pendleton, South Carolina.

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

Built 2010 - 2019 97
Built 2000 - 2009 59
Built 1990 - 1999 84
Built 1980 - 1989 133
Built 1970 - 1979 86
Built 1960 - 1969 52
Built 1950 - 1959 185
Built 1940 - 1949 109
Built 1939 or earlier 41

The highest share of Pendleton, South Carolina apartment rentals, namely 22% or 185 units, were Built 1950 - 1959, followed by those Built 1980 - 1989 (16%, 133 units), and the ones Built 1940 - 1949 (13%, 109 units).

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

Moved in 2021 or later 81
Moved in 2018 to 2020 185
Moved in 2010 to 2017 398
Moved in 2000 to 2009 58
Moved in 1989 or earlier 124

Median year renter moved into unit 2015

Most Pendleton, South Carolina renters (47%) moved in 2010 to 2017, while only 7% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Pendleton, South Carolina condos for rent is 2015.

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

No vehicle available 216
1 vehicle available 220
2 vehicles available 319
3 or more vehicles available 91

When it comes to transportation options, 38% of Pendleton, South Carolina renters have 2 vehicles available per household, 26% of them have 1 vehicle available, and 26% have No vehicle available.

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

Car, truck, or van - drove alone 735
Car, truck, or van - carpooled 38
Taxicab, motorcycle, bicycle, or other means 58

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

Same house as 1 year ago 1,135
Moved within same county 50
Moved from different county within same state 32
Moved from different state 109

Pendleton, 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 Pendleton, 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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