Sullivan's Island, 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 Sullivan's Island, South Carolina rental market.
Sullivan's Island, South Carolina
Average Apartment Rent
$2,280
Y-o-Y Change in Average
Apartment Rent
2.2%
As of November 2024
Compared to a year ago, Sullivan's Island, South Carolina apartments have recorded a 2.2% rent increase.
Sullivan's Island, South Carolina Average apartment rent trend
Sullivan's Island, South Carolina Average Apartment Rent
Sullivan's Island, South Carolina Apartment rent ranges
At 65.37%, apartments priced Over $2,000 represent the bulk of Sullivan's Island, South Carolina rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 34.63%.
Sullivan's Island, South Carolina Housing tenure**
Renters take up 16% of Sullivan's Island, South Carolina real estate, occupying a total of 133 units, while homeowners live in 713 properties.
Median number of rooms of renter-occupied housing units**
5.8
Renter median household income**
$113,750
Average household size of renter-occupied housing units**
2.98
Rental vacancy rate**
30.5%
Sullivan's Island, South Carolina Renter-occupied housing units by no. of bedrooms**
There are 70 rentals in Sullivan's Island, South Carolina with 4 beds making up the highest share of the market, at 53%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 4 units. Overall, the median number of rooms in Sullivan's Island, South Carolina homes for rent is 5.8.
Sullivan's Island, South Carolina Renter-occupied units by age of householder**
Most condos for rent in Sullivan's Island, South Carolina are occupied by residents in the 45 - 54 years age group (34%), followed by those in the 60 - 64 years age group (17%). At the same time, people in the 65 - 74 years age group make up the lowest share of the local rental market – 3%.
Sullivan's Island, South Carolina Renter-occupied housing units by family type**
Sullivan's Island, South Carolina Renter-occupied housing units by the presence of own children**
A total of 75 apartments for rent in Sullivan's Island, South Carolina, or 56% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 47 units. All in all, the median size of a renter-occupied household in Sullivan's Island, South Carolina is 2.98.
Sullivan's Island, South Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 54% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Sullivan's Island, South Carolina.
Sullivan's Island, South Carolina Renter-occupied units by year structure built**
The highest share of Sullivan's Island, South Carolina apartment rentals, namely 36% or 48 units, were Built 1939 or earlier, followed by those Built 1950 - 1959 (25%, 33 units), and the ones Built 1980 - 1989 (17%, 22 units).
Sullivan's Island, South Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Sullivan's Island, South Carolina renters (39%) moved in 2018 to 2020, while only 3% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Sullivan's Island, South Carolina condos for rent is 2016.
Sullivan's Island, South Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 43% of Sullivan's Island, South Carolina renters have 2 vehicles available per household, 20% of them have 4 or more vehicles available, and 20% have 1 vehicle available.
Sullivan's Island, South Carolina Means of transportation to work of householders living in renter-occupied housing units**
Sullivan's Island, South Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
Sullivan's 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 Sullivan's 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