Kershaw County South Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Kershaw County SC was $698 in 2019 according to the Census ACS survey.1 Average gross rent in Kershaw County was $648 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 Kershaw County median and average rent data will be released in September of 2021.
Data is also available below for Kershaw County rental vacancy rates, Kershaw County rent as a percent of median income and the fraction of renters in Kershaw County.
Real Gross Rent in Kershaw 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% |
Kershaw County SC Median Gross Rent | $698 | -15.29% | — |
Kershaw County SC Real Gross Rent Trends
Median gross rent for Kershaw County peaked in real terms in 2018 at $824 and is now $126 (15.29%) lower. Average gross rent for Kershaw County peaked in real terms in 2018 at $774 and is now $126 (16.28%) lower.
Real Gross Rent: Kershaw County SC Median, Kershaw County SC Average, South Carolina Median, US Median
Real Gross Rent History for Kershaw County
Date | US Median |
South Carolina Median |
Kershaw County SC Median |
Kershaw County SC Average |
---|---|---|---|---|
2019 | $1,097 | $922 | $698 | $648 |
2018 | $1,077 | $908 | $824 | $774 |
2017 | $1,043 | $874 | $710 | $664 |
2016 | $1,027 | $881 | — | — |
2015 | $1,017 | $869 | — | — |
2014 | $986 | $835 | — | — |
2013 | $953 | $807 | — | — |
2012 | $940 | $802 | — | — |
2011 | $941 | $800 | — | — |
2010 | $955 | $813 | — | — |
2009 | $960 | $805 | — | — |
2007 | $927 | $758 | — | — |
2005 | $910 | $764 | — | — |
Historical Rental Vacancy Rate data for Kershaw County
Date | US | South Carolina | Kershaw County SC |
---|---|---|---|
2019 | 5.97% | 9.13% | — |
2018 | 6.15% | 9.99% | — |
2017 | 6.18% | 8.97% | — |
2016 | 5.89% | 8.49% | — |
2015 | 5.85% | 9.45% | — |
2014 | 6.32% | 10.54% | — |
2013 | 6.49% | 10.54% | — |
2012 | 6.77% | 12.68% | — |
2011 | 7.40% | 12.12% | — |
2010 | 8.17% | 13.69% | — |
2009 | 8.43% | 13.35% | — |
2007 | 7.87% | 11.99% | — |
2005 | 7.74% | 11.43% | — |
Rent as a Fraction of Income
Using median household income data for Kershaw County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kershaw County, median monthly gross rent as a fraction of median household income was 15.17% in 2019 according to the ACS.
Kershaw 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% |
Kershaw County SC | 15.17% | -3.69% | — |
Trends in Kershaw County SC Rent as a Fraction of Income
The fraction of median Kershaw County household income required to pay median monthly gross rent peaked in 2018 (relative to the 2017 series origin) at 18.86%. Since then it has fallen by 3.69% to 15.17%.
Fraction of Income towards Rent: Kershaw County SC, South Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Kershaw County South Carolina
Date | US | South Carolina | Kershaw County SC |
---|---|---|---|
2019 | 20.03% | 19.68% | 15.17% |
2018 | 20.50% | 20.46% | 18.86% |
2017 | 20.13% | 20.12% | 16.53% |
2016 | 20.43% | 20.39% | — |
2015 | 20.63% | 20.81% | — |
2014 | 20.89% | 20.98% | — |
2013 | 20.78% | 20.81% | — |
2012 | 20.65% | 20.99% | — |
2011 | 20.70% | 20.99% | — |
2010 | 20.50% | 20.79% | — |
2009 | 20.12% | 19.96% | — |
2007 | 18.66% | 17.86% | — |
2005 | 18.89% | 18.65% | — |
Renter Fraction in Kershaw County South Carolina
You can calculate the renter fraction in Kershaw 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 Kershaw County as a fraction of total Kershaw County households. In 2019 18.64% of households were renters according to Census ACS data.
Kershaw 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% |
Kershaw County SC | 18.64% | +1.36% | — |
Trends in the Kershaw County SC Renter Fraction
At 18.64%, the 2019 household based renter fraction in Kershaw County was at its highest level. The origin year for the series is 2017.
Fraction of Renting Households: Kershaw County SC, South Carolina, US
History of Kershaw County Renter Fraction
Date | US | South Carolina | Kershaw County SC |
---|---|---|---|
2019 | 35.89% | 29.73% | 18.64% |
2018 | 36.05% | 30.73% | 17.28% |
2017 | 36.13% | 31.25% | 16.37% |
2016 | 36.88% | 31.37% | — |
2015 | 36.97% | 31.87% | — |
2014 | 36.90% | 31.95% | — |
2013 | 36.50% | 31.83% | — |
2012 | 36.09% | 31.87% | — |
2011 | 35.42% | 30.83% | — |
2010 | 34.65% | 31.30% | — |
2009 | 34.13% | 29.86% | — |
2007 | 32.80% | 29.96% | — |
2005 | 33.10% | 29.91% | — |
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. ↩