1031 Exchange Mount Pleasant, South Carolina

 

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

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