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Rental Insights for ZIP Code 29824 (Edgefield, SC)

Housing Rentals in ZIP Code 29824 (Edgefield, SC)

29824 ZIP Code in South Carolina

A Detailed Snapshot of Renters in the ZIP Code 29824

The 29824 ZIP Code is predominantly located in Edgefield, SC in Edgefield County. The median housing rent in this region or South Carolina is estimated at $582 per month. About 27.4% of all housing units in this Edgefield County ZIP Code are occupied by renters. Additionally, the region has an approximate rental vacancy rate of 7.2%.

The median rent in ZIP Code 29824 of $582 per month is 35% lower than the aggregate South Carolina median monthly rent of $894, and is 45% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 61.4% of residents in ZIP Code 29824 pay between $500 and $999 per month for rent. That is 22% higher than in South Carolina overall, in which 50.5% of total state residents pay between $500 and $999 per month for housing. Only 38.6% of renters in this Edgefield, SC region pay less than $500 per month for rent.

ZIP Code 29824 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 29824

See the chart below for a comparison of monthly rental costs in ZIP Code 29824, South Carolina, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 29824 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 29824

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

Cost ZIP 29824 South Carolina U.S.
Less than $500 38.6% 11.1% 9.4%
$500 to $999 61.4% 50.5% 36.2%
$1,000 to $1,499 0.0% 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 29824

Renters in ZIP Code 29824 use an estimated 32.8% of their income to cover their monthly rent payments. That is about 11% higher 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 29824 renters use about 10% more of their income to cover rent expense. Household income figures for ZIP Code 29824 come in lower than in South Carolina as a whole. The median annual household income in ZIP Code 29824 of $43,359 sits approximately 18% lower than the overall South Carolina median income of $53,199 and approximately 31% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 29824

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 29824, 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 29824 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 29824

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

Rent Cost as % of Income ZIP 29824 South Carolina U.S.
Less than 15.0 percent 6.9% 13.3% 13.1%
15.0 to 19.9 percent 12.2% 13.2% 12.9%
20.0 to 24.9 percent 11.4% 13.1% 12.9%
25.0 to 29.9 percent 9.2% 11.3% 11.6%
30.0 to 34.9 percent 7.9% 9.1% 9.1%
35.0 percent or more 52.5% 40.0% 40.5%

Household Income in ZIP Code 29824

See the table below for the regional comparison of annual household income in ZIP Code 29824.

Income ZIP 29824 South Carolina U.S.
Less than $10,000 10.8% 7.4% 6.0%
$10,000 to $14,999 8.1% 5.1% 4.3%
$15,000 to $24,999 13.3% 10.4% 8.9%
$25,000 to $34,999 12.0% 10.5% 8.9%
$35,000 to $49,999 12.4% 13.8% 12.3%
$50,000 to $74,999 15.4% 18.2% 17.2%
$75,000 to $99,999 12.4% 12.5% 12.7%
$100,000 to $149,999 9.6% 12.7% 15.1%
$150,000 to $199,999 4.8% 4.8% 6.8%
$200,000 or more 1.3% 4.6% 7.7%

Household Income in ZIP Code 29824

See the chart below for a comparison of annual household income figures in ZIP Code 29824, South Carolina, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 29824 alongside the same figures for the state of South Carolina and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 29824

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 29824.

ZIP 29824 South Carolina U.S.
Median Housing Rent $582 $894 $1,062
Renter-Occupied Housing Units 27.4% 30.6% 36.0%
Rental Vacancy Rate 7.2% 9.2% 6.0%
Average Size of Renter-Occupied Unit 2.19 2.48 2.49
Average # of Bedrooms Per Unit 2.75 2.88 2.75
Percent of Income Spent on Rent 32.8% 29.65% 29.83%
Per Capita Income $21,250 $29,426 $34,103
Median Household Income $57,019 $73,520 $88,607
Living Below the Poverty Line 15.6% 10.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 29824

In ZIP Code 29824 (Edgefield, SC), and estimated 27.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 7.2%.

The per capita income in 29824 is estimated at $21,250, which goes along with an estimated median household income of $57,019. About 15.6% of residents in this Edgefield County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.19 occupants, while the units have an aggregate average size of 2.75 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.8% of their income on housing rental costs.

Rental FAQs for ZIP Code 29824

1

What is the median monthly rent in ZIP Code 29824?

Median rent for housing in ZIP Code 29824 in Edgefield County in South Carolina is approximately $582 per month.
2

Is it expensive to rent in ZIP Code 29824?

Rent in ZIP Code 29824 is lower than average in the state of South Carolina overall. The median monthly rent of $582 in ZIP Code 29824 is approximately 35% lower than the South Carolina median of $894. Additionally, median rent in this Edgefield, SC region ($582) is about 45% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 29824?

High-priced rentals are not common in the Edgefield, SC ZIP Code of 29824, 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 29824?

Affordable rentals are more common in ZIP Code 29824 than in South Carolina overall. The percentage of housing rentals in ZIP Code 29824 costing $999 or less per month (100%) is approximately 62% 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 119% lower than the previously mentioned 29824 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 29824?

The most common range for rental cost in ZIP Code 29824 is between $500 and $999 per month. About 61.4% of renters in 29824 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 29824 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 29824 is lower than the rental vacancy rate in the state of South Carolina overall. Rental vacancy of 7.2% in ZIP Code 29824 is about 22% lower than the South Carolina rate of 9.2%. Looking more broadly, rental vacancy in this Edgefield, SC region (7.2%) is an estimated 20% 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 29824? How does it compare to other South Carolina regions?

Median household income in ZIP Code 29824 is lower than in the state of South Carolina overall. Annual household income of $43,359 in ZIP Code 29824 is about 18% lower than the South Carolina median of $53,199. Additionally, median household income in this Edgefield, SC region ($43,359) is approximately 31% 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 29824 spend on housing costs?

Renters in ZIP Code 29824 spend a higher amount of their income on rent costs than do renters in South Carolina overall. Renters in ZIP Code 29824 spend an estimated 32.8% of their income on rent payments, which is about 11% higher 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 10% lower than the ZIP Code 29824 estimated rate of 32.8%.
9

Do renters in ZIP Code 29824 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 29824 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 29824 spending 30 percent or more of their income on rent costs (60.4%) is approximately 23% higher 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 22% lower than the aforementioned 29824 rate of 60.4%.
10

What is the average household size of renter-occupied units in ZIP Code 29824?

The average household size of renter-occupied units in ZIP Code 29824 is lower than in the state of South Carolina overall. Annual household size of 2.19 in ZIP Code 29824 is about 12% lower than the South Carolina median of 2.48. Additionally, median household size in this Edgefield, SC region (2.19) is approximately 12% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other South Carolina ZIP Codes