Seneca, 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 Seneca, South Carolina rental market.

Seneca, South Carolina

Average Apartment Rent

$2,369

Y-o-Y Change in Average
Apartment Rent

28.6%

As of November 2024

Compared to a year ago, Seneca, South Carolina apartments have recorded a 28.6% rent increase.

Seneca, 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
Seneca $1,530 $1,616 $1,668 $1,678 $1,742 $1,846 $1,842 $2,110 $2,285 $2,369
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Seneca
National
Nov 2021
$1,530
$1,596
Mar 2022
$1,616
$1,635
Jul 2022
$1,668
$1,708
Nov 2022
$1,678
$1,726
Mar 2023
$1,742
$1,714
Jul 2023
$1,846
$1,739
Nov 2023
$1,842
$1,733
Mar 2024
$2,110
$1,727
Jul 2024
$2,285
$1,752
Nov 2024
$2,369
$1,748

Seneca, South Carolina Average Apartment Rent

Seneca, South Carolina Apartment rent ranges

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

At 41.15%, apartments priced Over $2,000 represent the bulk of Seneca, South Carolina rentals, while condos priced $500 - $700 hold the lowest share of the market – 1.97%.

Seneca, South Carolina Housing tenure**

Renter occupied housing units 1,742
Owner occupied housing units 2,212

Renters take up 44% of Seneca, South Carolina real estate, occupying a total of 1,742 units, while homeowners live in 2,212 properties.

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

4.3

Renter median household income**

$31,891

Average household size of renter-occupied housing units**

1.94

Rental vacancy rate**

2.8%

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

No bedrooms 74
1 bed 434
2 beds 708
3 beds 460
4 beds 66

There are 708 rentals in Seneca, South Carolina with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 66 units. Overall, the median number of rooms in Seneca, South Carolina homes for rent is 4.3.

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

15 - 24 years 98
25 - 34 years 392
35 - 44 years 352
45 - 54 years 162
55 - 59 years 105
60 - 64 years 200
65 - 74 years 179
75 - 84 years 220
85 years and over 34

Most condos for rent in Seneca, South Carolina are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.

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

Family households 749
Non-Family Households 993

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

With related children of the householder under 18 418
No related children of the householder under 18 1,324

A total of 749 apartments for rent in Seneca, South Carolina, or 43% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 418 units. All in all, the median size of a renter-occupied household in Seneca, South Carolina is 1.94.

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

Less than high school graduate 456
High school graduate (including equivalency) 423
Some college or associate's degree 643
Bachelor's degree or higher 220

In terms of education, renters holding bachelor degrees or higher make up 13% of the rental market. In contrast, residents with less than a high school degree reside in 26% of the homes for rent in Seneca, South Carolina.

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

Built 2010 - 2019 188
Built 2000 - 2009 204
Built 1990 - 1999 224
Built 1980 - 1989 159
Built 1970 - 1979 313
Built 1960 - 1969 212
Built 1950 - 1959 105
Built 1940 - 1949 121
Built 1939 or earlier 216

The highest share of Seneca, South Carolina apartment rentals, namely 18% or 313 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (13%, 224 units), and the ones Built 1939 or earlier (12%, 216 units).

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

Moved in 2021 or later 140
Moved in 2018 to 2020 568
Moved in 2010 to 2017 737
Moved in 2000 to 2009 226
Moved in 1990 to 1999 31
Moved in 1989 or earlier 40

Median year renter moved into unit 2016

Most Seneca, South Carolina renters (42%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Seneca, South Carolina condos for rent is 2016.

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

No vehicle available 250
1 vehicle available 1,005
2 vehicles available 398
3 or more vehicles available 89

When it comes to transportation options, 58% of Seneca, South Carolina renters have 1 vehicle available per household, 23% of them have 2 vehicles available, and 14% have No vehicle available.

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

Car, truck, or van - drove alone 1,023
Car, truck, or van - carpooled 258
Walked 82
Worked at home 16

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

Same house as 1 year ago 2,788
Moved within same county 383
Moved from different county within same state 51
Moved from different state 144

Seneca, 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 Seneca, 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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