Tega Cay, 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 Tega Cay, South Carolina rental market.

Tega Cay, South Carolina

Average Apartment Rent

$1,567

Y-o-Y Change in Average
Apartment Rent

-1.2%

As of November 2024

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

Tega Cay, 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
Tega Cay $1,473 $1,554 $1,648 $1,673 $1,627 $1,631 $1,586 $1,617 $1,613 $1,567
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Tega Cay
National
Nov 2021
$1,473
$1,596
Mar 2022
$1,554
$1,635
Jul 2022
$1,648
$1,708
Nov 2022
$1,673
$1,726
Mar 2023
$1,627
$1,714
Jul 2023
$1,631
$1,739
Nov 2023
$1,586
$1,733
Mar 2024
$1,617
$1,727
Jul 2024
$1,613
$1,752
Nov 2024
$1,567
$1,748

Tega Cay, South Carolina Average Apartment Rent

Tega Cay, South Carolina Apartment rent ranges

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

At 52.75%, apartments priced $1,500 - $2,000 represent the bulk of Tega Cay, South Carolina rentals, while condos priced Over $2,000 hold the lowest share of the market – 5.06%.

Tega Cay, South Carolina Housing tenure**

Renter occupied housing units 634
Owner occupied housing units 4,095

Renters take up 13% of Tega Cay, South Carolina real estate, occupying a total of 634 units, while homeowners live in 4,095 properties.

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

4.7

Renter median household income**

$142,780

Average household size of renter-occupied housing units**

2.41

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

No bedrooms 62
1 bed 154
2 beds 138
3 beds 260
5 or more beds 20

There are 260 rentals in Tega Cay, South Carolina with 3 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 20 units. Overall, the median number of rooms in Tega Cay, South Carolina homes for rent is 4.7.

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

25 - 34 years 40
35 - 44 years 253
45 - 54 years 80
55 - 59 years 76
75 - 84 years 101
85 years and over 84

Most condos for rent in Tega Cay, South Carolina are occupied by residents in the 35 - 44 years age group (40%), followed by those in the 75 - 84 years age group (16%). At the same time, people in the 25 - 34 years age group make up the lowest share of the local rental market – 6%.

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

Family households 414
Non-Family Households 220

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

With related children of the householder under 18 281
No related children of the householder under 18 353

A total of 414 apartments for rent in Tega Cay, South Carolina, or 65% of all rentals are family households. Additionally, 44% of rental homes include children under the age of 18 – that’s 281 units. All in all, the median size of a renter-occupied household in Tega Cay, South Carolina is 2.41.

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

High school graduate (including equivalency) 324
Some college or associate's degree 167
Bachelor's degree or higher 143

In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Tega Cay, South Carolina.

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

Built 2010 - 2019 257
Built 2000 - 2009 81
Built 1990 - 1999 241
Built 1980 - 1989 55

The highest share of Tega Cay, South Carolina apartment rentals, namely 41% or 257 units, were Built 2010 - 2019, followed by those Built 1990 - 1999 (38%, 241 units), and the ones Built 2000 - 2009 (13%, 81 units).

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

Moved in 2021 or later 65
Moved in 2018 to 2020 255
Moved in 2010 to 2017 295
Moved in 2000 to 2009 19

Median year renter moved into unit 2018

Most Tega Cay, South Carolina renters (47%) moved in 2010 to 2017, while only 3% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Tega Cay, South Carolina condos for rent is 2018.

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

No vehicle available 166
1 vehicle available 133
2 vehicles available 324
3 or more vehicles available 11

When it comes to transportation options, 51% of Tega Cay, South Carolina renters have 2 vehicles available per household, 26% of them have No vehicle available, and 21% have 1 vehicle available.

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

Car, truck, or van - drove alone 503
Worked at home 77

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

Same house as 1 year ago 1,422
Moved within same county 53
Moved from different county within same state 33
Moved from different state 20

Tega Cay, 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 Tega Cay, 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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