Unveiling Beaufort’s Rental Market Trends – A January 2024 Overview
Introduction:
As we step into the new year, the Beaufort County rental market is evolving, presenting both challenges and opportunities for property owners and tenants alike. In this monthly blog, we’ll delve into the latest trends, backed by insightful data from reliable sources like realtor.com and zumper.com. Join us as we explore the intricate dynamics of Beaufort’s rental landscape and see how Beaufort Rentals is navigating these changes.
Days on Market Dynamics:
According to realtor.com, Beaufort County is experiencing an average of 80 days on the market. However, Beaufort Rentals has demonstrated resilience, with its portfolio’s days on market increasing from 48.3 in January 2023 to 32 in 2024. This remarkable performance, despite the market’s challenges, underscores the efficiency and appeal of our property management services.
Rental Rates Overview:
Let’s break down the median rental rates in Beaufort County, based on data from zumper.com.
- Median 1 Bedroom Rent: $1688, up 1% YoY
- Median 2 Bedroom Rent: $1999, up 1% YoY
- Median 3 Bedroom Rent: $2300, up 5% YoY
- Median 4 Bedroom Rent: $2600, down -7% YoY
Despite the YoY fluctuations, Beaufort Rentals remains committed to offering competitive rates and exceeding market expectations. Our dedication is reflected in our consistent efforts to provide value and satisfaction to both property owners and tenants.
Beaufort Rentals’ Year-over-Year Performance:
Beaufort Rentals average rent has increased over 6% YoY for January.
Conclusion:
As Beaufort County’s rental market continues to evolve, Beaufort Rentals remains at the forefront, adapting and thriving in the face of challenges. Our portfolio’s performance, combined with competitive rental rates, positions us as a trusted partner for property owners in Beaufort County.
About the Author:
Malory Medaglia serves as the Property Management Advisor at Beaufort Rentals. With a profound understanding of the local rental market, Malory’s expertise guides homeowners through the intricacies of property management. Her passion for real estate and unwavering commitment to excellence ensures that clients receive top-tier advice and service. For inquiries or to explore our services, contact Malory:
📧 Email: malory@beaufort.rent
📞 Phone: (843) 595 – 8899
CLICK HERE for a free Rental Analysis. Reach out to Malory today and benefit from her wealth of knowledge in the Beaufort rental market.