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Rental Insights for ZIP Code 29492 (Charleston, SC)

Housing Rentals in ZIP Code 29492 (Charleston, SC)

29492 ZIP Code in South Carolina

A Detailed Snapshot of Renters in the ZIP Code 29492

The 29492 ZIP Code is predominantly located in Charleston, SC in Berkeley County. The median housing rent in this region or South Carolina is estimated at $1,628 per month. About 31.6% of housing units in the region are renter-occupied, and this Berkeley County ZIP Code has an approximate rental vacancy rate of 3.8%.

The median rent in ZIP Code 29492 of $1,628 per month is 82% higher than the aggregate South Carolina median monthly rent of $894, and is 53% higher than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 29492, about 39.5% of renters pay between $1,500 and $1,999 per month for housing. That is 449% higher than in South Carolina overall, in which 7.2% of total state residents pay between $1,500 and $1,999 per month for housing.

ZIP Code 29492 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 29492

See the chart below for a comparison of monthly rental costs in ZIP Code 29492, South Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 29492 along with those in the state of South Carolina and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 29492

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 29492 South Carolina U.S.
Less than $500 1.0% 11.1% 9.4%
$500 to $999 11.0% 50.5% 36.2%
$1,000 to $1,499 27.8% 28.1% 30.0%
$1,500 to $1,999 39.5% 7.2% 14.0%
$2,000 to $2,499 9.1% 1.8% 5.6%
$2,500 to $2,999 3.5% 0.7% 2.4%
$3,000 or more 8.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 29492

Renters in ZIP Code 29492 use an estimated 27.29% of their income to cover their monthly rent payments. That is about 8% lower than in South Carolina overall. The estimate for South Carolina overall is 29.65% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 29492 renters use about 9% less of their income to cover rent expense. Household income figures for ZIP Code 29492 come in higher than in South Carolina as a whole. The median annual household income in ZIP Code 29492 of $109,143 sits approximately 105% higher than the overall South Carolina median income of $53,199 and approximately 74% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 29492

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 29492, South Carolina, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 29492 along with the same calculations in the state of South Carolina and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 29492

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 29492 South Carolina U.S.
Less than 15.0 percent 12.3% 13.3% 13.1%
15.0 to 19.9 percent 11.7% 13.2% 12.9%
20.0 to 24.9 percent 29.6% 13.1% 12.9%
25.0 to 29.9 percent 10.7% 11.3% 11.6%
30.0 to 34.9 percent 7.6% 9.1% 9.1%
35.0 percent or more 28.1% 40.0% 40.5%

Household Income in ZIP Code 29492

See the table below for the regional comparison of annual household income in ZIP Code 29492.

Income ZIP 29492 South Carolina U.S.
Less than $10,000 1.2% 7.4% 6.0%
$10,000 to $14,999 1.8% 5.1% 4.3%
$15,000 to $24,999 4.3% 10.4% 8.9%
$25,000 to $34,999 2.8% 10.5% 8.9%
$35,000 to $49,999 6.2% 13.8% 12.3%
$50,000 to $74,999 14.8% 18.2% 17.2%
$75,000 to $99,999 15.1% 12.5% 12.7%
$100,000 to $149,999 20.3% 12.7% 15.1%
$150,000 to $199,999 13.2% 4.8% 6.8%
$200,000 or more 20.3% 4.6% 7.7%

Household Income in ZIP Code 29492

See the chart below for a comparison of annual household income figures in ZIP Code 29492, South Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 29492 alongside the same figures for the state of South Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 29492

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 29492.

ZIP 29492 South Carolina U.S.
Median Housing Rent $1,628 $894 $1,062
Renter-Occupied Housing Units 31.6% 30.6% 36.0%
Rental Vacancy Rate 3.8% 9.2% 6.0%
Average Size of Renter-Occupied Unit 2.04 2.48 2.49
Average # of Bedrooms Per Unit 3.07 2.88 2.75
Percent of Income Spent on Rent 27.29% 29.65% 29.83%
Per Capita Income $61,601 $29,426 $34,103
Median Household Income $151,880 $73,520 $88,607
Living Below the Poverty Line 1.3% 10.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 29492

In ZIP Code 29492 (Charleston, SC), and estimated 31.6% of housing units are occupied by renters. This region has an approximate rental vacany rate of 3.8%.

The per capita income in 29492 is estimated at $61,601, which goes along with an estimated median household income of $151,880. About 1.3% of residents in this Berkeley County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.04 occupants, while the units have an aggregate average size of 3.07 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 27.29% of their income on housing rental costs.

Rental FAQs for ZIP Code 29492

1

What is the median monthly rent in ZIP Code 29492?

Median rent for housing in ZIP Code 29492 in Berkeley County in South Carolina is approximately $1,628 per month.
2

Is it expensive to rent in ZIP Code 29492?

Rent in ZIP Code 29492 is higher than average in the state of South Carolina overall. The median monthly rent of $1,628 in ZIP Code 29492 is approximately 82% higher than the South Carolina median of $894. Additionally, median rent in this Charleston, SC region ($1,628) is about 53% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 29492?

High-priced rentals are more common in ZIP Code 29492 than in South Carolina overall. The percentage of rentals in ZIP Code 29492 that cost $3,000 or more per month (8.0%) is about 1233% higher than the South Carolina rate of 0.6% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 233% lower than the aforementioned 29492 rate of 8.0%.
4

Are affordable rentals common in ZIP Code 29492?

Affordable rentals are less common in ZIP Code 29492 than in South Carolina overall. The percentage of housing rentals in ZIP Code 29492 costing $999 or less per month (12%) is approximately 81% lower than the South Carolina rate of 61.6% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 74% higher than the previously mentioned 29492 rate of 12%.
5

What is the most common cost range that rentals fall into in ZIP Code 29492?

The most common range for rental cost in ZIP Code 29492 is between $1,500 and $1,999 per month. About 39.5% of renters in 29492 pay in this range for monthly rent. In comparison, approximately 7.2% of renters in the state of South Carolina fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 29492 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 29492 is lower than the rental vacancy rate in the state of South Carolina overall. Rental vacancy of 3.8% in ZIP Code 29492 is about 59% lower than the South Carolina rate of 9.2%. Looking more broadly, rental vacancy in this Charleston, SC region (3.8%) is an estimated 37% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 29492? How does it compare to other South Carolina regions?

Median household income in ZIP Code 29492 is higher than in the state of South Carolina overall. Annual household income of $109,143 in ZIP Code 29492 is about 105% higher than the South Carolina median of $53,199. Additionally, median household income in this Charleston, SC region ($109,143) is approximately 74% higher than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 29492 spend on housing costs?

Renters in ZIP Code 29492 spend a lower amount of their income on rent costs than do renters in South Carolina overall. Renters in ZIP Code 29492 spend an estimated 27.29% of their income on rent payments, which is about 8% lower than the overall South Carolina estimated rate of 29.65%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 9% higher than the ZIP Code 29492 estimated rate of 27.29%.
9

Do renters in ZIP Code 29492 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 29492 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 29492 spending 30 percent or more of their income on rent costs (35.7%) is approximately 27% lower than the South Carolina rate of 49.1% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 28% higher than the aforementioned 29492 rate of 35.7%.
10

What is the average household size of renter-occupied units in ZIP Code 29492?

The average household size of renter-occupied units in ZIP Code 29492 is lower than in the state of South Carolina overall. Annual household size of 2.04 in ZIP Code 29492 is about 18% lower than the South Carolina median of 2.48. Additionally, median household size in this Charleston, SC region (2.04) is approximately 18% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other South Carolina ZIP Codes