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City Report · SC

Hanahan

Pop. 21,452·27th most expensive in South Carolina·Rental market data updated monthly for Hanahan, SC
Median rent (all units)
$1,745/mo
Year-over-Year
+4.5%
Month-over-Month
-2.0%
vs US Median
-$217
Falling (Monthly)
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Most AffordableMost Expensive
Hanahan · $1,745
More affordable than 58% of US cities · National median $1,962/mo
Affordability
24% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,745/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$70,000/yr
Local median income
$87,984/yr
Based on the 30%-of-income rule using Hanahan's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,490
1 BR
$1,540
2 BR
$1,710
3 BR
$2,120
4 BR+
$2,490
Fair Market Rent (HUD)
$1,710/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,745 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$20,940/yr
At $1,745/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+4.5% YoY, -2.0% MoM), not inventory.
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Demographics

Who lives here

Hanahan, SC is majority owner-occupied, has a large share of families with children, 38.2% of residents hold a bachelor's degree or higher.

Population
21,452
Median income
$87,984
Median age
36.6
Renters
31.9%
Age distribution
25.4%
21.9%
29.1%
12.8%
Under 1825.4%
18–3421.9%
35–5429.1%
55–6410.7%
65+12.8%
Gender
50.8%
49.2%
Male50.8%
Female49.2%
Race & ethnicity
72.3%
White72.3%
Black10.9%
Hispanic10.4%
Asian4.6%
Other1.8%
Education (25+)
24%
31.7%
38.2%
No HS diploma6.1%
HS diploma24%
Some college31.7%
Bachelor's+38.2%
Housing tenure
68.1%
31.9%
Owner68.1%
Renter31.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Hanahan, SC has changed in 5 years

Income
$76,094 → $87,984
up 15.6%
Population
20,381 → 21,452
up 5.3%
Renter share
33.1% → 31.9%
-1.2 pts
Bachelor's+
36.5% → 38.2%
+1.7 pts
Median age
35.4 → 36.6
+1.2 yrs

Local incomes tracked alongside that move, going from a median of $76,094 in 2021 to $87,984 more recently. The population has grown by 5.3% since 2021, moving from about 20,381 residents to roughly 21,452.

Community

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View Hanahan rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hanahan on your salary?

At $1,745/mo, how Hanahan rent compares to typical pay (30% rule).

By apartment size

Hanahan rent by bedroom count

Median rent for each apartment size in Hanahan. Click any size for full breakdown.

Local insights

Tips for renters in Hanahan

About renting in Hanahan, SC

Last updated: August 17, 2026

The median rent in Hanahan is $1,745/mo as of August 2026. A studio apartment averages $1,490/mo while a 2-bedroom runs $1,710/mo. One-bedroom apartments average $1,540/mo and 3-bedroom units go for $2,120/mo.

At 24% of local median household income ($87,984/yr), Hanahan ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.5% over the past year.

FAQ

Frequently asked questions

Is Hanahan an affordable city for renters?

Hanahan is considered very affordable for renters. At $1,745/mo, rent takes approximately 24% of the local median household income ($87,984/yr). The standard benchmark is 30%. Hanahan falls comfortably within that range.

How much income do you need to rent in Hanahan?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,745/mo in Hanahan. The local median household income is $87,984/yr, meaning the typical Hanahan household meets that threshold.

Is rent going up or down in Hanahan?

Rent in Hanahan has increased 4.5% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Hanahan rent compare to other cities in South Carolina?

Hanahan is middle-of-the-pack for South Carolina for rent, ranking #27 out of 67 tracked cities at $1,745/mo.

Which nearby cities are cheaper to rent in than Hanahan?

Several nearby cities have lower median rents than Hanahan ($1,745/mo): Ladson ($1,686/mo), North Charleston ($1,742/mo).

What percentage of Hanahan residents rent vs. own?

According to Census data, approximately 31.9% of Hanahan households are renters, while 68.1% are owner-occupied. Hanahan leans toward homeownership, which can mean a smaller rental inventory.

How does Hanahan rent compare to the national average?

Hanahan's median rent of $1,745/mo is $217 (11%) below the US national median of $1,962/mo. Within South Carolina, it ranks #27 out of 67 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $1,745/mo, rent takes ~24% of Hanahan's median household income ($87,984/yr). The standard benchmark is 30%.

Hanahan 24%Benchmark 30%
State income tax3–6.2%
Run the Hanahan affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hanahan, SC

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