Pickens County South Carolina Residential Rent and Rental Statistics
The median monthly gross residential rent in Pickens County SC was $778 in 2019 according to the Census ACS survey.1 Average gross rent in Pickens County was $779 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 Pickens County median and average rent data will be released in September of 2021.
Data is also available below for Pickens County rental vacancy rates, Pickens County rent as a percent of median income and the fraction of renters in Pickens County.
Real Gross Rent in Pickens 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% |
| Pickens County SC Median Gross Rent | $778 | -5.58% | +7.31% |
Pickens County SC Real Gross Rent Trends
Median gross rent for Pickens County peaked in real terms in 2018 at $824 and is now $46 (5.58%) lower. Average gross rent for Pickens County peaked in real terms in 2018 at $861 and is now $82 (9.52%) lower.
Real Gross Rent: Pickens County SC Median, Pickens County SC Average, South Carolina Median, US Median
Real Gross Rent History for Pickens County
| Date | US Median |
South Carolina Median |
Pickens County SC Median |
Pickens County SC Average |
|---|---|---|---|---|
| 2019 | $1,097 | $922 | $778 | $779 |
| 2018 | $1,077 | $908 | $824 | $861 |
| 2017 | $1,043 | $874 | $737 | $760 |
| 2016 | $1,027 | $881 | $725 | $757 |
| 2015 | $1,017 | $869 | $753 | $818 |
| 2014 | $986 | $835 | $720 | $734 |
| 2013 | $953 | $807 | $763 | $715 |
| 2012 | $940 | $802 | $744 | $717 |
| 2011 | $941 | $800 | $691 | $670 |
| 2010 | $955 | $813 | $790 | $748 |
| 2009 | $960 | $805 | $786 | $806 |
| 2007 | $927 | $758 | $708 | $740 |
| 2005 | $910 | $764 | $683 | $708 |
Pickens 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 Pickens County South Carolina was 7.87% according to Census ACS data.
Rental Vacancy Rate in Pickens 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% |
| Pickens County SC | 7.87% | +2.29% | +3.28% |
Trends in Pickens County SC Rental Vacancy Rate
The rental vacancy rate in Pickens County peaked in 2005 at 13.27%. Since then it has fallen by 5.40% to 7.87%. Data records for this series originated in 2005. From a 2013 post peak low of 2.23%, the rental vacancy rate has increased by 5.64%.
Rental Vacancy Rate: Pickens County SC, South Carolina, US
Historical Rental Vacancy Rate data for Pickens County
| Date | US | South Carolina | Pickens County SC |
|---|---|---|---|
| 2019 | 5.97% | 9.13% | 7.87% |
| 2018 | 6.15% | 9.99% | 5.58% |
| 2017 | 6.18% | 8.97% | 4.61% |
| 2016 | 5.89% | 8.49% | 4.59% |
| 2015 | 5.85% | 9.45% | — |
| 2014 | 6.32% | 10.54% | 12.01% |
| 2013 | 6.49% | 10.54% | 2.23% |
| 2012 | 6.77% | 12.68% | 11.71% |
| 2011 | 7.40% | 12.12% | 10.01% |
| 2010 | 8.17% | 13.69% | 12.58% |
| 2009 | 8.43% | 13.35% | 10.33% |
| 2007 | 7.87% | 11.99% | 11.91% |
| 2005 | 7.74% | 11.43% | 13.27% |
Rent as a Fraction of Income
Using median household income data for Pickens County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Pickens County, median monthly gross rent as a fraction of median household income was 17.89% in 2019 according to the ACS.
Pickens 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% |
| Pickens County SC | 17.89% | -2.70% | -0.25% |
Trends in Pickens County SC Rent as a Fraction of Income
The fraction of median Pickens County household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 21.60%. Since then it has fallen by 3.71% to 17.89%.
Fraction of Income towards Rent: Pickens County SC, South Carolina, US
Historical Data for Annual Rent as a Fraction of Income in Pickens County South Carolina
| Date | US | South Carolina | Pickens County SC |
|---|---|---|---|
| 2019 | 20.03% | 19.68% | 17.89% |
| 2018 | 20.50% | 20.46% | 20.59% |
| 2017 | 20.13% | 20.12% | 18.06% |
| 2016 | 20.43% | 20.39% | 18.14% |
| 2015 | 20.63% | 20.81% | 20.07% |
| 2014 | 20.89% | 20.98% | 20.39% |
| 2013 | 20.78% | 20.81% | 20.81% |
| 2012 | 20.65% | 20.99% | 21.48% |
| 2011 | 20.70% | 20.99% | 19.52% |
| 2010 | 20.50% | 20.79% | 21.60% |
| 2009 | 20.12% | 19.96% | 20.80% |
| 2007 | 18.66% | 17.86% | 17.13% |
| 2005 | 18.89% | 18.65% | 15.92% |
Renter Fraction in Pickens County South Carolina
You can calculate the renter fraction in Pickens 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 Pickens County as a fraction of total Pickens County households. In 2019 30.95% of households were renters according to Census ACS data.
Pickens 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% |
| Pickens County SC | 30.95% | -2.23% | -2.98% |
Trends in the Pickens County SC Renter Fraction
The Pickens County household renter fraction peaked in in 2015 at 35.79% and is now 4.84% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Pickens County SC, South Carolina, US
History of Pickens County Renter Fraction
| Date | US | South Carolina | Pickens County SC |
|---|---|---|---|
| 2019 | 35.89% | 29.73% | 30.95% |
| 2018 | 36.05% | 30.73% | 33.18% |
| 2017 | 36.13% | 31.25% | 32.75% |
| 2016 | 36.88% | 31.37% | 33.93% |
| 2015 | 36.97% | 31.87% | 35.79% |
| 2014 | 36.90% | 31.95% | 29.05% |
| 2013 | 36.50% | 31.83% | 30.59% |
| 2012 | 36.09% | 31.87% | 32.04% |
| 2011 | 35.42% | 30.83% | 29.92% |
| 2010 | 34.65% | 31.30% | 33.57% |
| 2009 | 34.13% | 29.86% | 29.30% |
| 2007 | 32.80% | 29.96% | 30.82% |
| 2005 | 33.10% | 29.91% | 28.39% |
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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