Last Updated on May 25, 2021 by Eric
Clemson is known as a college town in South Carolina, but there are parts of town suited for everyone. Even though the town is small, there are plenty of coffee shops, shopping areas, and restaurants, which make the town feel more like a large suburban city.
Clemson is a great place to live as it has low crime, highly rated schools, and friendly people. If you have been considering renting a home in Clemson or a nearby area, you will be happy to know that the job market is excellent and housing prices are low.
Renting A Home In Clemson
If you are considering renting a home in Clemson, you are not alone. 58% of homes in Clemson are occupied by tenants. Clemson University has 17,000 students who need a place to live, so it is not surprising that most homes are occupied by renters, especially in the north and west ends of town.
There are numerous condominium complexes that offer rental units as well as single-family homes if you need more space. The average rental rate is $960 per month, which is very affordable for the area.
If you are immediately turned off by the idea of living in a college town, don’t be. Clemson has more to offer than just a college environment. Other parts of town are not as lively and are suited for retirees or families looking to take advantage of the low housing prices and friendly, safe environment.
New housing developments are being built in Clemson as more people are moving to the area. This also includes active adult communities for those aged 55+ in nearby Pendleton and Lake Keowee.
Consider Buying An Investment Property
Clemson could be a great option if you have been considering purchasing an income property. Homes do not stay on the rental market long, so you would be looking at low vacancy rates. Homes have been selling rather quickly in Clemson, but if you can get your hands on one, the investment would be worthwhile. Home values have appreciated in recent years, and those increases are expected to continue.
Vacation rentals also do very well in Clemson, especially during football season. You could realistically cover the cost of your investment property for the year by renting it out for football games. Nightly rental rates on a gameday can be as much as $1,200! (The average monthly rent on a long-term rental is about $960.) Demand for vacation rentals increases by nearly 150% on weekends with a football game.
We Are Here For You
Whether you are interested in renting a home for yourself or purchasing an investment property, the agents at Bob Hill Realty are here to help you meet your goals. You can contact us to discuss your options or to schedule showings of any of the homes currently on the market. Let’s get started!
