Seabrook 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 Seabrook Island, South Carolina rental market.

Seabrook Island, South Carolina

Average Apartment Rent

$1,993

Y-o-Y Change in Average
Apartment Rent

-1.2%

As of November 2024

Compared to a year ago, Seabrook Island, South Carolina apartments have recorded a -1.2% rent decrease.

Seabrook Island, 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
Seabrook Island $1,865 $1,712 $2,029 $1,883 $2,014 $2,077 $2,018 $2,078 $2,081 $1,993
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Seabrook Island
National
Nov 2021
$1,865
$1,596
Mar 2022
$1,712
$1,635
Jul 2022
$2,029
$1,708
Nov 2022
$1,883
$1,726
Mar 2023
$2,014
$1,714
Jul 2023
$2,077
$1,739
Nov 2023
$2,018
$1,733
Mar 2024
$2,078
$1,727
Jul 2024
$2,081
$1,752
Nov 2024
$1,993
$1,748

Seabrook Island, South Carolina Average Apartment Rent

Seabrook Island, South Carolina Apartment rent ranges

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

At 67.66%, apartments priced $1,500 - $2,000 represent the bulk of Seabrook Island, South Carolina rentals, while condos priced Over $2,000 hold the lowest share of the market – 32.34%.

Seabrook Island, South Carolina Housing tenure**

Renter occupied housing units 71
Owner occupied housing units 1,121

Renters take up 6% of Seabrook Island, South Carolina real estate, occupying a total of 71 units, while homeowners live in 1,121 properties.

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

4.4

Average household size of renter-occupied housing units**

1.51

Rental vacancy rate**

32.5%

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

1 bed 5
2 beds 21
3 beds 31
4 beds 14

There are 31 rentals in Seabrook Island, South Carolina with 3 beds making up the highest share of the market, at 44%. Units with 1 bed, on the other hand, hold the lowest percentage (7%), amounting to 5 units. Overall, the median number of rooms in Seabrook Island, South Carolina homes for rent is 4.4.

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

25 - 34 years 4
35 - 44 years 7
45 - 54 years 22
55 - 59 years 13
65 - 74 years 15
75 - 84 years 10

Most condos for rent in Seabrook Island, South Carolina are occupied by residents in the 45 - 54 years age group (31%), followed by those in the 65 - 74 years age group (21%). At the same time, people in the 25 - 34 years age group make up the lowest share of the local rental market – 6%.

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

Family households 37
Non-Family Households 34

Seabrook 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 71

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

Some college or associate's degree 31
Bachelor's degree or higher 40

In terms of education, renters holding bachelor degrees or higher make up 56% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Seabrook Island, South Carolina.

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

Built 2000 - 2009 5
Built 1990 - 1999 40
Built 1980 - 1989 21
Built 1970 - 1979 5

The highest share of Seabrook Island, South Carolina apartment rentals, namely 56% or 40 units, were Built 1990 - 1999, followed by those Built 1980 - 1989 (30%, 21 units), and the ones Built 1970 - 1979 (7%, 5 units).

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

Moved in 2021 or later 13
Moved in 2018 to 2020 43
Moved in 2010 to 2017 10
Moved in 1990 to 1999 5

Median year renter moved into unit 2019

Most Seabrook Island, South Carolina renters (61%) moved in 2018 to 2020, while only 7% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Seabrook Island, South Carolina condos for rent is 2019.

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

1 vehicle available 26
2 or more vehicles available 45

When it comes to transportation options, 63% of Seabrook Island, South Carolina renters have 2 or more vehicles available per household, while 37% of them have 1 vehicle available.

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

Car, truck, or van - drove alone 46
Walked 5
Worked at home 9

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

Same house as 1 year ago 50
Moved within same county 35
Moved from different county within same state 13
Moved from different state 9

Seabrook 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 Seabrook 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 Seabrook Island, South Carolina