Rent, population, and median household income are important factors to consider for a 1031 exchange in Mount Pleasant due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Mount Pleasant, South Carolina is a part of the Mount Pleasant Submarket submarket area, and contains 3 zip codes: 29466, 29464, and 29465.
Mount Pleasant Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Mount Pleasant, SC submarket area was $1,433, which is 19.12% higher than 2014 average rent. This represents a compounded annual growth rate of 3.56%. 2019 vacancy in Mount Pleasant, SC was 10.50%.
The total population of the city of Mount Pleasant, SC has grown 31.68% since 2010. As of 2018, the population was 89,338. The median household income of the Mount Pleasant was $97,176, which is 61.17% higher than the national average.
- submarket area Mount Pleasant Submarket
- avg rent $1,433
- rent growth 19.12%
- vacancy 10.50%
- median income $97,176
- population (2018) 89,338
- population growth 31.68%
- vs. nat'l avg 61.17%
- zip codes 29464 29465 29466