Renters Local

Rental Insights for ZIP Code 29520 (Cheraw, SC)

Housing Rentals in ZIP Code 29520 (Cheraw, SC)

29520 ZIP Code in South Carolina

A Detailed Snapshot of Renters in the ZIP Code 29520

The 29520 ZIP Code is predominantly located in Cheraw, SC in Chesterfield County. The median housing rent in this region or South Carolina is estimated at $669 per month. About 33.9% of total housing units in this Chesterfield County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 7.9%.

The median rent in ZIP Code 29520 of $669 per month is 25% lower than the aggregate South Carolina median monthly rent of $894, and is 37% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 52.3% of residents in ZIP Code 29520 pay between $500 and $999 per month for rent. That is 4% higher than in South Carolina overall, in which 50.5% of total state residents pay between $500 and $999 per month for housing. Just 8.0% of ZIP Code 29520 renters pay between $1,000 and $1,499 for monthly rent.

ZIP Code 29520 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 29520

See the chart below for a comparison of monthly rental costs in ZIP Code 29520, South Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 29520 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 29520

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

Cost ZIP 29520 South Carolina U.S.
Less than $500 39.7% 11.1% 9.4%
$500 to $999 52.3% 50.5% 36.2%
$1,000 to $1,499 8.0% 28.1% 30.0%
$1,500 to $1,999 0.0% 7.2% 14.0%
$2,000 to $2,499 0.0% 1.8% 5.6%
$2,500 to $2,999 0.0% 0.7% 2.4%
$3,000 or more 0.0% 0.6% 2.4%

Rent Cost vs. Income in ZIP Code 29520

Renters in ZIP Code 29520 use an estimated 26.5% of their income to cover their monthly rent payments. That is about 11% 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 29520 renters use about 11% less of their income to cover rent expense. Household income figures for ZIP Code 29520 come in lower than in South Carolina as a whole. The median annual household income in ZIP Code 29520 of $41,775 sits approximately 21% lower than the overall South Carolina median income of $53,199 and approximately 34% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 29520

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 29520, 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 29520 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 29520

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

Rent Cost as % of Income ZIP 29520 South Carolina U.S.
Less than 15.0 percent 26.8% 13.3% 13.1%
15.0 to 19.9 percent 12.2% 13.2% 12.9%
20.0 to 24.9 percent 5.6% 13.1% 12.9%
25.0 to 29.9 percent 12.6% 11.3% 11.6%
30.0 to 34.9 percent 12.3% 9.1% 9.1%
35.0 percent or more 30.5% 40.0% 40.5%

Household Income in ZIP Code 29520

See the table below for the regional comparison of annual household income in ZIP Code 29520.

Income ZIP 29520 South Carolina U.S.
Less than $10,000 12.8% 7.4% 6.0%
$10,000 to $14,999 6.3% 5.1% 4.3%
$15,000 to $24,999 15.9% 10.4% 8.9%
$25,000 to $34,999 9.0% 10.5% 8.9%
$35,000 to $49,999 11.1% 13.8% 12.3%
$50,000 to $74,999 20.4% 18.2% 17.2%
$75,000 to $99,999 10.1% 12.5% 12.7%
$100,000 to $149,999 10.8% 12.7% 15.1%
$150,000 to $199,999 2.0% 4.8% 6.8%
$200,000 or more 1.5% 4.6% 7.7%

Household Income in ZIP Code 29520

See the chart below for a comparison of annual household income figures in ZIP Code 29520, South Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 29520 alongside the same figures for the state of South Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 29520

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 29520.

ZIP 29520 South Carolina U.S.
Median Housing Rent $669 $894 $1,062
Renter-Occupied Housing Units 33.9% 30.6% 36.0%
Rental Vacancy Rate 7.9% 9.2% 6.0%
Average Size of Renter-Occupied Unit 2.30 2.48 2.49
Average # of Bedrooms Per Unit 2.7 2.88 2.75
Percent of Income Spent on Rent 26.5% 29.65% 29.83%
Per Capita Income $23,193 $29,426 $34,103
Median Household Income $55,410 $73,520 $88,607
Living Below the Poverty Line 18.7% 10.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 29520

In ZIP Code 29520 (Cheraw, SC), and estimated 33.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.9%.

The per capita income in 29520 is estimated at $23,193, which goes along with an estimated median household income of $55,410. About 18.7% of residents in this Chesterfield County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.30 occupants, while the units have an aggregate average size of 2.7 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 26.5% of their income on housing rental costs.

Rental FAQs for ZIP Code 29520

1

What is the median monthly rent in ZIP Code 29520?

Median rent for housing in ZIP Code 29520 in Chesterfield County in South Carolina is approximately $669 per month.
2

Is it expensive to rent in ZIP Code 29520?

Rent in ZIP Code 29520 is lower than average in the state of South Carolina overall. The median monthly rent of $669 in ZIP Code 29520 is approximately 25% lower than the South Carolina median of $894. Additionally, median rent in this Cheraw, SC region ($669) is about 37% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 29520?

High-priced rentals are not common in the Cheraw, SC ZIP Code of 29520, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of South Carolina overall, approximately 0.6% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 29520?

Affordable rentals are more common in ZIP Code 29520 than in South Carolina overall. The percentage of housing rentals in ZIP Code 29520 costing $999 or less per month (92%) is approximately 49% higher 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 102% lower than the previously mentioned 29520 rate of 92%.
5

What is the most common cost range that rentals fall into in ZIP Code 29520?

The most common range for rental cost in ZIP Code 29520 is between $500 and $999 per month. About 52.3% of renters in 29520 pay in this range for monthly rent. In comparison, approximately 50.5% of renters in the state of South Carolina fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 29520 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 29520 is lower than the rental vacancy rate in the state of South Carolina overall. Rental vacancy of 7.9% in ZIP Code 29520 is about 14% lower than the South Carolina rate of 9.2%. Looking more broadly, rental vacancy in this Cheraw, SC region (7.9%) is an estimated 32% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 29520? How does it compare to other South Carolina regions?

Median household income in ZIP Code 29520 is lower than in the state of South Carolina overall. Annual household income of $41,775 in ZIP Code 29520 is about 21% lower than the South Carolina median of $53,199. Additionally, median household income in this Cheraw, SC region ($41,775) is approximately 34% lower 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 29520 spend on housing costs?

Renters in ZIP Code 29520 spend a lower amount of their income on rent costs than do renters in South Carolina overall. Renters in ZIP Code 29520 spend an estimated 26.5% of their income on rent payments, which is about 11% 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 11% higher than the ZIP Code 29520 estimated rate of 26.5%.
9

Do renters in ZIP Code 29520 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 29520 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 29520 spending 30 percent or more of their income on rent costs (42.8%) is approximately 13% 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 14% higher than the aforementioned 29520 rate of 42.8%.
10

What is the average household size of renter-occupied units in ZIP Code 29520?

The average household size of renter-occupied units in ZIP Code 29520 is lower than in the state of South Carolina overall. Annual household size of 2.30 in ZIP Code 29520 is about 7% lower than the South Carolina median of 2.48. Additionally, median household size in this Cheraw, SC region (2.30) is approximately 8% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other South Carolina ZIP Codes