Zip codes with the fastest growing rent in South Carolina

Written by:
March 25, 2021
realtor.com

Zip codes with the fastest growing rent in South Carolina

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in South Carolina using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

Zip codes with the fastest growing rent in South Carolina

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in South Carolina using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#30. 29420 (North Charleston)

- 1 year rent change: +2.8%
--- #12 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +18.8%
- Typical rent: $1,445
--- 7.9% less than typical rent in Charleston, SC metro

- Pictured (for rent): 8708 Evangeline Dr, North Charleston 29420 ($1,410)

#29. 29418 (North Charleston)

- 1 year rent change: +2.9%
--- #11 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +21.1%
- Typical rent: $1,226
--- 21.9% less than typical rent in Charleston, SC metro

- Pictured (for rent): 1900 Waverly Place Ln, North Charleston 29418 ($1,135)

#28. 29205 (Columbia)

- 1 year rent change: +3.2%
--- #10 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +22.6%
- Typical rent: $1,096
--- 9.6% less than typical rent in Columbia, SC metro

- Pictured (for rent): 2825 Devine St, Columbia 29205 ($2,500)

#27. 29466 (Mount Pleasant)

- 1 year rent change: +3.4%
--- #10 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +11.7%
- Typical rent: $1,979
--- 26.1% above typical rent in Charleston, SC metro

- Pictured (for rent): 1385 Classic Ct, Mount Pleasant 29466 ($1,639)

#26. 29210 (Columbia)

- 1 year rent change: +3.5%
--- #9 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +14.4%
- Typical rent: $1,008
--- 16.8% less than typical rent in Columbia, SC metro

- Pictured (for rent): One Charbonneau, Columbia 29210 ($1,000)

#25. 29412 (Charleston)

- 1 year rent change: +3.7%
--- #9 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +10.3%
- Typical rent: $1,694
--- 8.0% above typical rent in Charleston, SC metro

- Pictured (for rent): 1150 Aruba Cir, Charleston 29412 ($1,595)

#24. 29708 (Fort Mill)

- 1 year rent change: +3.8%
--- #29 fastest growing rent among zip codes in Charlotte, NC metro
- 5 year rent change: +7.5%
- Typical rent: $1,880
--- 22.2% above typical rent in Charlotte, NC metro

- Pictured (for rent): 920 Stockbridge Dr, Fort Mill 29708 ($1,439)

#23. 29464 (Mount Pleasant)

- 1 year rent change: +3.8%
--- #8 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +13.7%
- Typical rent: $1,798
--- 14.6% above typical rent in Charleston, SC metro

- Pictured (for rent): 1900 N Hwy, Mount Pleasant 29464 ($1,299)

#22. 29650 (Greer)

- 1 year rent change: +4.0%
--- #5 fastest growing rent among zip codes in Greenville, SC metro
- 5 year rent change: +15.7%
- Typical rent: $1,592
--- 22.6% above typical rent in Greenville, SC metro

- Pictured (for rent): 401 Elizabeth Sarah Blvd, Greer 29650 ($1,450)

#21. 29455 (Johns Island)

- 1 year rent change: +4.1%
--- #7 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +16.5%
- Typical rent: $1,651
--- 5.2% above typical rent in Charleston, SC metro

- Pictured (for rent): 2030 Wildts Battery Blvd, Johns Island 29455 ($1,543)

#20. 29456 (Ladson)

- 1 year rent change: +4.4%
--- #6 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +30.5%
- Typical rent: $1,287
--- 18.0% less than typical rent in Charleston, SC metro

- Pictured (for rent): 3340 Shipley St, Ladson 29456 ($1,666)

#19. 29681 (Simpsonville)

- 1 year rent change: +4.5%
--- #4 fastest growing rent among zip codes in Greenville, SC metro
- 5 year rent change: +13.8%
- Typical rent: $1,613
--- 24.2% above typical rent in Greenville, SC metro

- Pictured (for rent): 1000 Knights Spur Ct, Simpsonville 29681 ($1,428)

#18. 29461 (Moncks Corner)

- 1 year rent change: +4.6%
--- #5 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +31.2%
- Typical rent: $1,806
--- 15.1% above typical rent in Charleston, SC metro

- Pictured (for rent): 221 Bonnoitt St, Moncks Corner 29461 ($1,019)

#17. 29715 (Fort Mill)

- 1 year rent change: +4.7%
--- #28 fastest growing rent among zip codes in Charlotte, NC metro
- 5 year rent change: +16.5%
- Typical rent: $1,428
--- 7.2% less than typical rent in Charlotte, NC metro

- Pictured (for rent): 820 Clawson Pl, Fort Mill 29715 ($1,800)

#16. 29406 (Charleston)

- 1 year rent change: +4.8%
--- #4 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +24.6%
- Typical rent: $1,285
--- 18.1% less than typical rent in Charleston, SC metro

- Pictured (for rent): 1945 Hanahan Rd, North Charleston 29406 ($1,599)

#15. 29229 (Columbia)

- 1 year rent change: +5.3%
--- #8 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +14.9%
- Typical rent: $1,371
--- 13.1% above typical rent in Columbia, SC metro

- Pictured (for rent): 100 Rice Terrace Cir, Columbia 29229 ($1,420)

#14. 29223 (Columbia)

- 1 year rent change: +5.5%
--- #7 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +24.0%
- Typical rent: $1,135
--- 6.4% less than typical rent in Columbia, SC metro

- Pictured (for rent): 137 Roseberry Ln, Columbia 29223 ($1,999)

#13. 29605 (Greenville)

- 1 year rent change: +5.5%
--- #3 fastest growing rent among zip codes in Greenville, SC metro
- 5 year rent change: +26.1%
- Typical rent: $1,298
--- 0.1% less than typical rent in Greenville, SC metro

- Pictured (for rent): 4001 Pelham Rd, Greenville 29605 ($1,363)

#12. 29732 (Rock Hill)

- 1 year rent change: +5.5%
--- #22 fastest growing rent among zip codes in Charlotte, NC metro
- 5 year rent change: +30.5%
- Typical rent: $1,219
--- 20.7% less than typical rent in Charlotte, NC metro

- Pictured (for rent): 303 Walkers Mill Cir, Rock Hill 29732 ($970)

#11. 29201 (Columbia)

- 1 year rent change: +5.6%
--- #6 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +25.2%
- Typical rent: $1,241
--- 2.4% above typical rent in Columbia, SC metro

- Pictured (for rent): 1310 Lady St, Columbia 29201 ($3,834)

#10. 29212 (Columbia)

- 1 year rent change: +5.8%
--- #5 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +17.1%
- Typical rent: $1,225
--- 1.1% above typical rent in Columbia, SC metro

- Pictured (for rent): 2038 Lake Murray Blvd, Columbia 29212 ($1,494)

#9. 29445 (Goose Creek)

- 1 year rent change: +6.5%
--- #3 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +25.6%
- Typical rent: $1,635
--- 4.2% above typical rent in Charleston, SC metro

- Pictured (for rent): 5055 Harbour Lake Dr, Goose Creek 29445 ($1,050)

#8. 29209 (Columbia)

- 1 year rent change: +6.6%
--- #4 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +21.9%
- Typical rent: $1,251
--- 3.2% above typical rent in Columbia, SC metro

- Pictured (for rent): 7645 Garners Ferry Rd, Columbia 29209 ($950)

#7. 29203 (Columbia)

- 1 year rent change: +6.6%
--- #3 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +24.1%
- Typical rent: $937
--- 22.7% less than typical rent in Columbia, SC metro

- Pictured (for rent): 350 Powell Rd, Columbia 29203 ($1,008)

#6. 29405 (North Charleston)

- 1 year rent change: +6.8%
--- #2 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +30.0%
- Typical rent: $1,296
--- 17.4% less than typical rent in Charleston, SC metro

- Pictured (for rent): 4501 Mixson Ave, North Charleston 29405 ($1,576)

#5. 29611 (Greenville)

- 1 year rent change: +6.9%
--- #2 fastest growing rent among zip codes in Greenville, SC metro
- 5 year rent change: +34.5%
- Typical rent: $1,268
--- 2.4% less than typical rent in Greenville, SC metro

- Pictured (for rent): 1 Lakeside Rd, Greenville 29611 ($983)

#4. 29609 (Greenville)

- 1 year rent change: +7.0%
--- #1 fastest growing rent among zip codes in Greenville, SC metro
- 5 year rent change: +24.4%
- Typical rent: $1,299
--- 0.0% less than typical rent in Greenville, SC metro

- Pictured (for rent): 125 S Parker Rd, Greenville 29609 ($1,460)

#3. 29072 (Lexington)

- 1 year rent change: +7.1%
--- #2 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +46.9%
- Typical rent: $1,244
--- 2.6% above typical rent in Columbia, SC metro

- Pictured (for rent): 500 Carlen Ave, Lexington 29072 ($1,408)

#2. 29483 (Summerville)

- 1 year rent change: +7.7%
--- #1 fastest growing rent among zip codes in Charleston, SC metro
- 5 year rent change: +29.2%
- Typical rent: $1,613
--- 2.8% above typical rent in Charleston, SC metro

- Pictured (for rent): 1001 Linger Longer Dr, Summerville 29483 ($1,620)

#1. 29063 (Irmo)

- 1 year rent change: +7.8%
--- #1 fastest growing rent among zip codes in Columbia, SC metro
- 5 year rent change: +18.8%
- Typical rent: $1,331
--- 9.8% above typical rent in Columbia, SC metro

- Pictured (for rent): 356 Lake Murray Rd, Irmo 29063 ($1,737)

Trending Now