Beaufort County Rental Market Report – November 2023

November 27, 2023

Summary

Beaufort Rentals surpassing the average days on market and offering expert guidance on rising rents. Connect with Malory Medaglia for a free Rental Analysis and tap into her local market expertise!

Welcome back, dear readers, to our monthly exploration of the vibrant Beaufort County rental market. As we step into November 2023, it’s time to delve into the latest trends, statistics, and insights that define the local rental landscape.

Days on Market: A Tale of Resilience

According to realtor.com, the average days on market for Beaufort County stands at 62 days. Last year, our portfolio reflected an impressive 15 days on the market, whereas this year, it shows a slight increase to 27 days. Despite this uptick, our days on the market remain notably lower than the Beaufort County’s average. This demonstrates our commitment to efficiency and customer satisfaction, as we continue to outperform the county average.

Rising Rental Costs: A Closer Look

The cost of renting in Beaufort County has experienced notable changes over the past year. Let’s break down the median rents for various property sizes:

  • Median 1-bedroom rent: $1650 (up 6% YoY)
  • Median 2-bedroom rent: $1963 (up 10% YoY)
  • Median 3-bedroom rent: $2,183 (up 4% YoY)
  • Median 4-bedroom rent: $2588 (up 13% YoY)

These figures highlight the dynamic nature of the market, with demand influencing rental prices across different property types.

About the Author: Malory Medaglia

Allow me to introduce myself; I’m Malory Medaglia, the Property Management Advisor at Beaufort Rentals. With a profound understanding of the local rental market, I’ve been at the forefront of guiding homeowners through the intricacies of property management.

My passion for real estate and unwavering commitment to excellence ensure that our clients receive top-tier advice and service. Whether you’re considering entering the world of property rentals or have questions about our services, I am your go-to professional.

Contact Information:

Curious about the current value of your rental property? CLICK HERE for a free Rental Analysis. Reach out to me today and benefit from my wealth of knowledge in the Beaufort rental market.

Thank you for joining us on this insightful journey through the Beaufort County rental market. Stay tuned for more updates, and don’t hesitate to connect with me for all your property management needs.

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