Beaufort County Rental Market Update – December 2023
Welcome back, fellow rental enthusiasts! As we delve into the vibrant landscape of Beaufort County’s rental market, it’s time to unpack the trends, insights, and updates that shape our local rental sphere.
Market Overview
According to realtor.com, Beaufort County has witnessed an average of 69 days on the market for rental properties. However, Beaufort Rentals continues to outperform the market, with our portfolio showcasing a decrease in days on market from 29.42 in December 2022 to an impressive 27 in 2023.
Rental Rates
Let’s talk numbers, shall we? The rental rates in Beaufort County have seen a significant uptick over the past year, reflecting a dynamic market. The median rent for different bedroom configurations stands as follows:
1 Bedroom: $1,600 (up 19% year-over-year)
2 Bedroom: $2,156 (up 13% year-over-year)
3 Bedroom: $2,300 (down 6% year-over-year)
4 Bedroom: $2,675 (up 16% year-over-year)
This surge in rental rates underlines the robust demand for rental properties in our region.
Beaufort Rentals average rent has increased over 5% YoY.
Beaufort Rentals’ Insights
At Beaufort Rentals, we’re proud to have Malory Medaglia as our Property Management Advisor. With an innate understanding of the local market intricacies, Malory’s expertise has been invaluable in guiding homeowners through the maze of property management. Her dedication to excellence ensures that our clients receive unparalleled advice and service.
If you’re contemplating stepping into the world of property rentals or seeking guidance about our services, Malory is your ultimate go-to professional. You can reach out to her via email at malory@beaufort.rent or give her a call at (843) 441-7320.
Free Rental Analysis
Curious about the current value of your rental property? Click HERE for a complimentary Rental Analysis! Take advantage of Malory’s wealth of knowledge in the Beaufort rental market and make informed decisions about your property.
As we navigate the ever-evolving rental landscape in Beaufort County, Beaufort Rentals remains committed to offering exceptional services and insights. Feel free to connect with Malory for personalized guidance or take advantage of our free Rental Analysis to stay updated on your property’s worth in this thriving market.
Stay tuned for our next monthly blog update, where we’ll continue to unravel the trends and developments shaping the Beaufort County rental market.
Until next time, happy renting!