Aiken County South Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Aiken County SC was $862 in 2019 according to the Census ACS survey.1 Average gross rent in Aiken County was $791 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Aiken County median and average rent data will be released in September of 2021.
Data is also available below for Aiken County rental vacancy rates, Aiken County rent as a percent of median income and the fraction of renters in Aiken County.
Real Gross Rent in Aiken County South Carolina (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| South Carolina Median Gross Rent | $922 | +1.54% | +4.65% |
| Aiken County SC Median Gross Rent | $862 | +2.62% | +4.36% |
Aiken County SC Real Gross Rent Trends
At $862, real median gross rent in Aiken County was at its highest level in 2019 since the series began in 2005. Average gross rent for Aiken County peaked in real terms in 2015 at $824 and is now $33 (4.00%) lower.
Real Gross Rent: Aiken County SC Median, Aiken County SC Average, South Carolina Median, US Median
Real Gross Rent History for Aiken County
| Date | US Median |
South Carolina Median |
Aiken County SC Median |
Aiken County SC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $922 | $862 | $791 |
| 2018 | $1,077 | $908 | $840 | $779 |
| 2017 | $1,043 | $874 | $781 | $745 |
| 2016 | $1,027 | $881 | $826 | $775 |
| 2015 | $1,017 | $869 | $820 | $824 |
| 2014 | $986 | $835 | $716 | $702 |
| 2013 | $953 | $807 | $792 | $762 |
| 2012 | $940 | $802 | $722 | $721 |
| 2011 | $941 | $800 | $729 | $674 |
| 2010 | $955 | $813 | $803 | $704 |
| 2009 | $960 | $805 | $741 | $705 |
| 2007 | $927 | $758 | $670 | $611 |
| 2005 | $910 | $764 | $755 | $649 |
Aiken County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Aiken County South Carolina was 3.77% according to Census ACS data.
Rental Vacancy Rate in Aiken County South Carolina
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| South Carolina | 9.13% | -0.86% | +0.64% |
| Aiken County SC | 3.77% | — | — |
Trends in Aiken County SC Rental Vacancy Rate
The rental vacancy rate in Aiken County peaked in 2006 at 13.45%. Since then it has fallen by 9.68% to 3.77%. Data records for this series originated in 2005. From a 2015 post peak low of 2.91%, the rental vacancy rate has increased by 0.86%.
Rental Vacancy Rate: Aiken County SC, South Carolina, US
Historical Rental Vacancy Rate data for Aiken County
| Date | US | South Carolina | Aiken County SC |
|---|---|---|---|
| 2019 | 5.97% | 9.13% | 3.77% |
| 2018 | 6.15% | 9.99% | — |
| 2017 | 6.18% | 8.97% | 4.93% |
| 2016 | 5.89% | 8.49% | — |
| 2015 | 5.85% | 9.45% | 2.91% |
| 2014 | 6.32% | 10.54% | 9.12% |
| 2013 | 6.49% | 10.54% | 9.26% |
| 2012 | 6.77% | 12.68% | 8.89% |
| 2011 | 7.40% | 12.12% | 4.96% |
| 2010 | 8.17% | 13.69% | 3.04% |
| 2009 | 8.43% | 13.35% | — |
| 2007 | 7.87% | 11.99% | 4.11% |
| 2005 | 7.74% | 11.43% | 8.61% |
Rent as a Fraction of Income
Using median household income data for Aiken County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Aiken County, median monthly gross rent as a fraction of median household income was 18.59% in 2019 according to the ACS.
Aiken County South Carolina Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| South Carolina | 19.68% | -0.79% | -0.71% |
| Aiken County SC | 18.59% | -0.47% | -2.01% |
Trends in Aiken County SC Rent as a Fraction of Income
The fraction of median Aiken County household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 21.35%. Since then it has fallen by 2.76% to 18.59%.
Fraction of Income towards Rent: Aiken County SC, South Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Aiken County South Carolina
| Date | US | South Carolina | Aiken County SC |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 18.59% |
| 2018 | 20.50% | 20.46% | 19.06% |
| 2017 | 20.13% | 20.12% | 17.90% |
| 2016 | 20.43% | 20.39% | 20.61% |
| 2015 | 20.63% | 20.81% | 19.64% |
| 2014 | 20.89% | 20.98% | 16.64% |
| 2013 | 20.78% | 20.81% | 21.35% |
| 2012 | 20.65% | 20.99% | 17.85% |
| 2011 | 20.70% | 20.99% | 19.51% |
| 2010 | 20.50% | 20.79% | 20.36% |
| 2009 | 20.12% | 19.96% | 17.80% |
| 2007 | 18.66% | 17.86% | 15.03% |
| 2005 | 18.89% | 18.65% | 17.22% |
Renter Fraction in Aiken County South Carolina
You can calculate the renter fraction in Aiken County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Aiken County as a fraction of total Aiken County households. In 2019 23.04% of households were renters according to Census ACS data.
Aiken County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| South Carolina | 29.73% | -1.00% | -1.64% |
| Aiken County SC | 23.04% | -3.65% | -7.08% |
Trends in the Aiken County SC Renter Fraction
The Aiken County household renter fraction peaked in in 2016 at 30.12% and is now 7.08% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Aiken County SC, South Carolina, US
History of Aiken County Renter Fraction
| Date | US | South Carolina | Aiken County SC |
|---|---|---|---|
| 2019 | 35.89% | 29.73% | 23.04% |
| 2018 | 36.05% | 30.73% | 26.69% |
| 2017 | 36.13% | 31.25% | 28.55% |
| 2016 | 36.88% | 31.37% | 30.12% |
| 2015 | 36.97% | 31.87% | 29.27% |
| 2014 | 36.90% | 31.95% | 26.30% |
| 2013 | 36.50% | 31.83% | 25.65% |
| 2012 | 36.09% | 31.87% | 25.25% |
| 2011 | 35.42% | 30.83% | 27.71% |
| 2010 | 34.65% | 31.30% | 29.89% |
| 2009 | 34.13% | 29.86% | 25.35% |
| 2007 | 32.80% | 29.96% | 26.51% |
| 2005 | 33.10% | 29.91% | 24.31% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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