Beaufort County Rental Market Update – October 2023
Welcome back to our monthly Beaufort County Rental Market update! As the trusted Property Management Advisor at Beaufort Rentals, I’m here to keep you informed about the latest trends in our local rental market. Let’s dive into the numbers and see how the market has been shaping up.
According to realtor.com, Beaufort County has an average of 59 days on the market. While our portfolio’s days on market have seen a slight increase from 17.2 in October 2022 to 19.90 in 2023, we’re still outperforming the county average. At Beaufort Rentals, we believe in finding the right balance between a swift rental process and ensuring our clients get the best tenants for their properties.
Now, let’s talk about the rental prices in Beaufort County. As per data from zumper.com, the median rent for a 1-bedroom apartment is $1,604, up 1% year-over-year (YOY). For 2-bedroom apartments, the median rent stands at $1,949, showing an 8% increase YOY. If you’re in need of a 3-bedroom space, the median rent is $2,290, up by 5%. Finally, for those looking for 4-bedroom homes, the median rent is $2,375, marking a 1% YOY increase. These figures highlight the evolving landscape of our local rental market.
At Beaufort Rentals, we’ve experienced a 9.86% year-over-year increase in average rent for October. This growth reflects the demand for quality rental properties in our area. We’re dedicated to ensuring that both landlords and tenants have positive, satisfying rental experiences. Whether you’re a property owner looking for reliable management services or a tenant searching for the perfect place to call home, Beaufort Rentals is here to help.
About the Author:
Malory Medaglia serves as the Property Management Advisor at Beaufort Rentals. With a profound understanding of the local rental market, Malory’s expertise has been instrumental in guiding homeowners through the complexities of property management. Her passion for real estate and unwavering commitment to excellence guarantee that clients receive top-tier advice and service. If you’re considering entering the world of property rentals or if you have any questions about our services, Malory is your go-to professional.
📧 Email: malory@beaufort.rent
📞 Phone: (843) 441-7320
Stay tuned for more updates on Beaufort County’s rental market, and don’t hesitate to reach out to Malory for all your property management needs. Happy renting!