Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clarendon County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,096 | $224,357 | $242,182 |
| Price Trend (Annual %) | -6.3% | 9.2% | 8.2% |
| Median Gross Rent | $727 | $1,126 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clarendon County is about 47% lower than in South Carolina. Rent is about 35% lower than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Clarendon County: home prices fell about 6.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
Median rent in Clarendon County rose about 28.1% between 2015 and 2023, from $568 to $727. Over the same span, rent in South Carolina rose about 42.6%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Clarendon County.
Buying the median-priced home in Clarendon County costs roughly 13.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Clarendon County. The price-to-rent ratio in South Carolina is about 16.6.
| Metric | Clarendon County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,096 | $224,357 | $242,182 |
| Median Household Income | $48,955 | $66,957 | $78,145 |
| Price-to-Income Ratio | 2.4 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clarendon County fell about 45.0%, while median household income rose about 52.3% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Clarendon County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.5% | 61.6% | 58.2% |
| Rental Rate | 20.2% | 24.6% | 31.3% |
| Vacancy Rate | 25.4% | 13.8% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Clarendon County has a homeownership rate of 54.5%, lower than the South Carolina average of 61.6%. Its housing vacancy rate is 25.4%, compared with 13.8% in South Carolina.
Housing Stock
| Metric | Clarendon County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Clarendon County was built around 1986. On average, 2.5 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clarendon County, South Carolina.
What is the median home price in Clarendon County, South Carolina?
The median home price in Clarendon County, South Carolina is $119,096, lower than the South Carolina average of $224,357.
What is the average home price in Clarendon County, South Carolina?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Clarendon County, South Carolina?
The median gross rent in Clarendon County, South Carolina is $727 per month, lower than the South Carolina average of $1,126.
What was the median gross rent in Clarendon County in 2020?
In 2020, the median gross rent in Clarendon County, South Carolina was $616 per month.
What is the price-to-rent ratio in Clarendon County, South Carolina?
The price-to-rent ratio in Clarendon County, South Carolina is about 13.6, meaning it would take roughly 13.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Clarendon County.
Are home prices or rent rising faster in Clarendon County, South Carolina?
Home prices and rent are moving in opposite directions in Clarendon County: home prices fell about 6.3% a year while rent rose about 3.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Clarendon County, South Carolina?
54.5% of households in Clarendon County, South Carolina own their home, lower than the South Carolina average of 61.6%.
What is the vacancy rate in Clarendon County, South Carolina?
The housing vacancy rate in Clarendon County, South Carolina is 25.4%, higher than the South Carolina average of 13.8%.