How many renters live in Mount Pleasant, North Carolina?
The City of Mount Pleasant has 1,776 people living in 633 households.
There are 446 renters living in 173 renter households in this City. Renters make up 25.11 percent of the population living in Mount Pleasant.
What is the rental market like in Mount Pleasant, North Carolina?
There are an estimated 844 housing units in the Mount Pleasant area. Of these, 310 units are rental homes, making up 37 percent of the housing market. For every renter household in Mount Pleasant, North Carolina, there are 2 rental units.
What is the vacancy rate for rentals in Mount Pleasant?
The rental vacancy rate in Mount Pleasant is 38 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Mount Pleasant for each bedroom size?
Occupied Rental Units by Size in Mount Pleasant
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 9 | 6 | 89 | 65 | 4 |
Occupied Rental Units by Size in Mount Pleasant
A large number of apartments in Mount Pleasant have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Mount Pleasant are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 22 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Mount Pleasant
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,347 to $2,481. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,347 |
| One BR | $1,384 |
| Two BR | $1,554 |
| Three BR | $1,936 |
| Four BR | $2,481 |
2024 Fair Market Rents in Mount Pleasant, North Carolina
How many units are rented at Fair Market Rent (FMR) in Mount Pleasant?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 9 | 100 percent |
| One BR | 3 | 50 percent |
| Two BR | 81 | 91 percent |
Rental Units Below FMR in Mount Pleasant, North Carolina
How many affordable rental units are in Mount Pleasant?
There are a variety of federal affordable housing programs serving households in Mount Pleasant, North Carolina including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 64 |
Tracked Units by Federal Program in Mount Pleasant, North Carolina
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Mount Pleasant, North Carolina
Mount Pleasant features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Mount Pleasant, North Carolina
There are 64 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mount Pleasant.
Housing Choice Vouchers in Mount Pleasant, North Carolina
On average, Section 8 Housing Choice vouchers pay Mount Pleasant landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in Mount Pleasant.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mount Pleasant, North Carolina for a two-bedroom apartment is between $1,399 and $1,709.
Sourced from federal housing data and AffordableHousingOnline.com research.
