Press release from the South Carolina Realtors association regarding STR impacts

[Myrtle Mike Thompson]

This week, SCR released a short-term rental economic impact study in a press conference at the State House.
The press conference highlighted the impact of the short-term rental market on the state's economy.
SCR President Rob Woodul and President-Elect Reah Smith were joined by Representatives Lee Hewitt (R-Georgetown) , Todd Rutherford (D-Richland), and Dr. Joey Von Nessen (USC’s Darla Moore School of Business) to present the findings of the study.
The study found that the demand for short-term rentals in South Carolina has expanded at an annual rate of over 17% since 2018.
This level of economic activity corresponds to 50,231 jobs and more than $1.4 billion in labor income for South Carolinians.
The current annual economic impact of the short-term rental market on the state of South Carolina is estimated to total approximately $4.2 billion annually.
Legislation has been filed in the House to protect this thriving economy created by short-term rentals in South Carolina. Measures to protect short-term rentals will benefit not only property owners and renters, but also the communities where short-term rentals are located.

[Brooklyn McCarty]

And yet, everyone says it’s “over saturated” 

Great data!