Beaufort County Rental Market Update: September 2024

The rental market in Beaufort County is showing some notable shifts as we progress through 2024. According to realtor.com, the average days on market (DOM) for rental properties across the county is currently 77 days. However, at Beaufort Rentals, we are proud to report that our portfolio continues to outperform the broader market. While in 2023, our properties averaged 40 days on market, this year, that number has significantly dropped to just 22 days. This remarkable improvement speaks to the quality of service and market expertise we provide to both property owners and renters.

Rental Price Trends in Beaufort County

According to data from Zumper.com, the current rental trends in Beaufort County present a mixed bag of changes year-over-year (YoY):

Median 1-bedroom rent: $1,698 (up 3% YoY)
Median 2-bedroom rent: $1,960 (down 2% YoY)
Median 3-bedroom rent: $2,300 (up 2% YoY)
Median 4-bedroom rent: $2,600 (down 10% YoY)
These figures reflect broader market dynamics, with smaller units like 1-bedroom apartments seeing an uptick in rental prices, while larger properties, particularly 4-bedroom units, have seen a decline in median rent.

Beaufort Rentals: Consistent Performance

At Beaufort Rentals, our portfolio has seen positive growth despite the broader market fluctuations, as they have increased 10% YoY. This consistent performance underscores our dedication to maintaining high standards in property management, ensuring that both landlords and tenants benefit from our market expertise.

What This Means for Property Owners and Renters

These shifting market trends present both opportunities and challenges for property owners and renters. For property owners, it’s more important than ever to stay informed about market conditions to make smart pricing decisions that attract tenants while maximizing rental income. Renters, on the other hand, may find that it’s a good time to negotiate or explore options, especially in the larger-unit category where prices have softened.

At Beaufort Rentals, we are here to help both owners and tenants navigate these changes. With a proactive approach and extensive knowledge of the Beaufort County rental market, our team remains committed to ensuring the best outcomes for all parties.

About the Author

Malory Medaglia serves as the Property Management Advisor at Beaufort Rentals. With a deep understanding of the local rental market, Malory’s expertise has been instrumental in guiding homeowners through the intricacies of property management. Her passion for real estate and commitment to excellence ensures that clients receive top-tier advice and service. If you’re considering diving into the world of property rentals or simply have questions about our services, Malory is your go-to professional.

📧 Email: malory@beaufort.rent
📞 Phone: (843) 595-8899

Please CLICK HERE for a free Rental Analysis.

Reach out to Malory today and benefit from her wealth of knowledge in the Beaufort rental market.