Oconee County South Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Oconee County SC was $776 in 2019 according to the Census ACS survey.1 Average gross rent in Oconee County was $653 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 Oconee County median and average rent data will be released in September of 2021.
Data is also available below for Oconee County rental vacancy rates, Oconee County rent as a percent of median income and the fraction of renters in Oconee County.
Real Gross Rent in Oconee 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% |
| Oconee County SC Median Gross Rent | $776 | +9.14% | +4.44% |
Oconee County SC Real Gross Rent Trends
At $776, real median gross rent in Oconee County was at its highest level in 2019 since the series began in 2005. Average gross rent for Oconee County peaked in real terms in 2018 at $787 and is now $134 (17.03%) lower.
Real Gross Rent: Oconee County SC Median, Oconee County SC Average, South Carolina Median, US Median
Real Gross Rent History for Oconee County
| Date | US Median |
South Carolina Median |
Oconee County SC Median |
Oconee County SC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $922 | $776 | $653 |
| 2018 | $1,077 | $908 | $711 | $787 |
| 2017 | $1,043 | $874 | $751 | $763 |
| 2016 | $1,027 | $881 | $743 | $709 |
| 2015 | $1,017 | $869 | $739 | $684 |
| 2014 | $986 | $835 | $746 | $717 |
| 2013 | $953 | $807 | $692 | $596 |
| 2012 | $940 | $802 | $686 | $750 |
| 2011 | $941 | $800 | $686 | $682 |
| 2010 | $955 | $813 | $757 | $741 |
| 2009 | $960 | $805 | $687 | $610 |
| 2007 | $927 | $758 | $606 | $583 |
| 2005 | $910 | $764 | $589 | $523 |
Oconee County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Oconee County South Carolina was 17.36% according to Census ACS data.
Rental Vacancy Rate in Oconee 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% |
| Oconee County SC | — | — | — |
Trends in Oconee County SC Rental Vacancy Rate
The rental vacancy rate in Oconee County peaked in 2005 at 19.05%. Since then it has fallen by 1.69% to 17.36%. Data records for this series originated in 2005. From a 2009 post peak low of 6.13%, the rental vacancy rate has increased by 11.23%.
Rental Vacancy Rate: Oconee County SC, South Carolina, US
Historical Rental Vacancy Rate data for Oconee County
| Date | US | South Carolina | Oconee County SC |
|---|---|---|---|
| 2019 | 5.97% | 9.13% | — |
| 2018 | 6.15% | 9.99% | — |
| 2017 | 6.18% | 8.97% | 17.36% |
| 2016 | 5.89% | 8.49% | 7.90% |
| 2015 | 5.85% | 9.45% | 6.99% |
| 2014 | 6.32% | 10.54% | — |
| 2013 | 6.49% | 10.54% | 7.72% |
| 2012 | 6.77% | 12.68% | 10.81% |
| 2011 | 7.40% | 12.12% | 9.90% |
| 2010 | 8.17% | 13.69% | — |
| 2009 | 8.43% | 13.35% | 6.13% |
| 2007 | 7.87% | 11.99% | 15.27% |
| 2005 | 7.74% | 11.43% | 19.05% |
Rent as a Fraction of Income
Using median household income data for Oconee County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Oconee County, median monthly gross rent as a fraction of median household income was 19.32% in 2019 according to the ACS.
Oconee 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% |
| Oconee County SC | 19.32% | +1.55% | -0.16% |
Trends in Oconee County SC Rent as a Fraction of Income
The fraction of median Oconee County household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 24.13%. Since then it has fallen by 4.81% to 19.32%.
Fraction of Income towards Rent: Oconee County SC, South Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Oconee County South Carolina
| Date | US | South Carolina | Oconee County SC |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 19.32% |
| 2018 | 20.50% | 20.46% | 17.77% |
| 2017 | 20.13% | 20.12% | 17.41% |
| 2016 | 20.43% | 20.39% | 19.48% |
| 2015 | 20.63% | 20.81% | 19.33% |
| 2014 | 20.89% | 20.98% | 24.13% |
| 2013 | 20.78% | 20.81% | 19.44% |
| 2012 | 20.65% | 20.99% | 20.70% |
| 2011 | 20.70% | 20.99% | 18.52% |
| 2010 | 20.50% | 20.79% | 18.96% |
| 2009 | 20.12% | 19.96% | 19.78% |
| 2007 | 18.66% | 17.86% | 15.40% |
| 2005 | 18.89% | 18.65% | 14.78% |
Renter Fraction in Oconee County South Carolina
You can calculate the renter fraction in Oconee 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 Oconee County as a fraction of total Oconee County households. In 2019 23.30% of households were renters according to Census ACS data.
Oconee 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% |
| Oconee County SC | 23.30% | -3.33% | -5.84% |
Trends in the Oconee County SC Renter Fraction
The Oconee County household renter fraction peaked in in 2012 at 29.36% and is now 6.06% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Oconee County SC, South Carolina, US
History of Oconee County Renter Fraction
| Date | US | South Carolina | Oconee County SC |
|---|---|---|---|
| 2019 | 35.89% | 29.73% | 23.30% |
| 2018 | 36.05% | 30.73% | 26.63% |
| 2017 | 36.13% | 31.25% | 28.27% |
| 2016 | 36.88% | 31.37% | 29.14% |
| 2015 | 36.97% | 31.87% | 28.17% |
| 2014 | 36.90% | 31.95% | 27.52% |
| 2013 | 36.50% | 31.83% | 24.88% |
| 2012 | 36.09% | 31.87% | 29.36% |
| 2011 | 35.42% | 30.83% | 24.42% |
| 2010 | 34.65% | 31.30% | 24.45% |
| 2009 | 34.13% | 29.86% | 26.24% |
| 2007 | 32.80% | 29.96% | 26.37% |
| 2005 | 33.10% | 29.91% | 17.82% |
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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