Beaufort County Rental Market Trends: December 2024 Update
By Middleton Street Property Management - Sunday, December 15, 2024
As we close out the year, the rental market in Beaufort County continues to show dynamic shifts across various metrics. For landlords, tenants, and property managers alike, understanding these trends is essential for making informed decisions. Let’s take a closer look at how the market is performing and where Middleton Street Property Management stands amidst these changes.
Rental Market Snapshot
According to Realtor.com, properties in Beaufort County currently average 75 days on the market. This is a significant metric for landlords gauging tenant demand and market competitiveness.
At Middleton Street Property Management, we’ve seen some fluctuation in our portfolio's days on market, rising from 19 days in December 2023 to 32 days in 2024. Despite this increase, our properties are still leasing well below the county’s average, demonstrating our commitment to connecting tenants with quality homes quickly and efficiently.
Median Rental Prices by Unit Size
Data courtesy of Zumper.com
1-Bedroom Units: $1,741/month (up 7% year-over-year)
2-Bedroom Units: $1,979/month (down 2% year-over-year)
3-Bedroom Units: $2,303/month (up 5% year-over-year)
4-Bedroom Units: $2,500/month (down 14% year-over-year)
The upward trends in 1-bedroom and 3-bedroom unit rents indicate strong demand in those segments, while the decline in 2-bedroom and 4-bedroom rents could suggest slight cooling or adjustments based on market saturation or tenant preferences.
At Middleton Street Property Management, we’ve also seen an average rent increase 5% YoY for December, reflecting sustained interest in our properties and the value we bring to the market.
Middleton Street Property Management: Leading in a Competitive Market
The Beaufort County rental market is evolving, and Middleton Street Property Management remains a step ahead. By leveraging data-driven strategies and providing unparalleled customer service, we continue to deliver excellent results for our property owners and tenants.
As days on market rise across the board, the importance of professional property management cannot be overstated. Our proactive approach ensures that properties not only attract tenants but also secure leases faster than the market average. With average rents increasing 00 year-over-year for December. This reflects our commitment to effectively pricing and marketing our clients’ properties to attract reliable tenants.
Ready to Optimize Your Rental Strategy?
Whether you're a property owner looking to maximize your investment or a renter searching for the perfect home, Middleton Street Property Management is here to help. Stay ahead of the market with our expert advice, local insights, and commitment to excellence.
About the Author
Malory Medaglia serves as the Property Management Advisor at Middleton Street Property Management. With a deep understanding of the local rental market, Malory's expertise has been instrumental in guiding homeowners through the intricacies of property management. Her passion for real estate and commitment to excellence ensures that clients receive top-tier advice and service.
If you're considering diving into the world of property rentals or simply have questions about our services, Malory is your go-to professional.
📧 Email: malory@beaufort.rent
📞 Phone: (843) 595-8899
CLICK HERE for a free Rental Analysis.
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