Navigating Beaufort County’s Rental Market: April 2024 Update
Welcome back! It’s that time of the month again where we delve into the current trends shaping the rental landscape right here in beautiful Beaufort County, South Carolina. As always, I’m here to provide you with the latest insights and statistics to keep you informed and ahead of the game.
Let’s start with some numbers, shall we? According to realtor.com, the average days on the market for rental properties in Beaufort County stands at a respectable 54 days. However, here at Beaufort Rentals, we’re proud to announce that our portfolio continues to outshine the market average, with our average days on market rising slightly from 20.50 in April 2023 to 21 in 2024. While the increase is marginal, it’s worth noting that we’re still ahead of the curve.
Now, let’s talk rent. The median rental prices in Beaufort County, sourced from zumper.com, show some interesting trends. Year over year, we’re seeing steady growth across the board. The median 1-bedroom rent is now $1,729, up 4% from last year. Similarly, the median 2-bedroom rent has risen to $2,029, also up 4% year over year. For those in the market for a 3-bedroom home, the median rent is now $2,300, marking a 5% increase from the previous year. However, it’s important to note that the median 4-bedroom rent has seen a slight decline, down 6% year over year to $2,737.
Data on the market in Beaufort County was taken from zumper.com. Beaufort Rentals average rent has increased 5.89% YoY for April.
As we wrap up this month’s market update, I want to remind you that staying informed is key to making informed decisions in the world of property rentals. Whether you’re a homeowner considering renting out your property or a prospective tenant searching for your next home, remember that knowledge is power.
And speaking of knowledge, if you ever find yourself in need of expert guidance or assistance in navigating the Beaufort rental market, don’t hesitate to reach out to me, Malory Medaglia, your Property Management Advisor at Beaufort Rentals. With a deep understanding of the local rental market and a passion for real estate, I’m here to provide you with top-tier advice and service. Feel free to contact me via email at malory@beaufort.rent or give me a call at (843) 595-8899. Additionally, if you’re curious about the rental potential of your property, be sure to CLICK HERE for a free Rental Analysis.
Until next time, stay informed, stay empowered, and happy renting!
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
Reach out to Malory today and benefit from her wealth of knowledge in the Beaufort rental market.