Location: Charleston-North Charleston, SC | Metro: Charleston-North Charleston, SC MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,480 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,080 |
| 4 Bedrooms | $2,400 |
| 5 Bedrooms | $2,784 |
| 6 Bedrooms | $3,118 |
| 7 Bedrooms | $3,367 |
| 8 Bedrooms | $3,535 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,080 | $322,809 | 0.64% | D |
U.S. Census Bureau data (2024)
1380 is the Fair Market Rent (FMR) for ZIP code 29426 as of fiscal year 2024, setting a clear benchmark for rental properties in the area. 293,308 represents the median home value, indicating a stable housing market. Despite the N/A figure for market rent, the data suggests a competitive environment where landlords must adhere to the FMR guidelines. With 10.5% being the renter share, it's evident that a significant portion of the population relies on rental properties, making it a viable investment option. The median income of 64,087 provides insight into the financial capabilities of potential tenants, ensuring they can meet the rent requirements set by landlords. Although the Days on Market (DOM) is listed as N/A, the absence of specific data on how long properties remain unsold does not detract from the overall attractiveness of the area for real estate investments. Similarly, the N/A% price-cut share highlights that there is little need for drastic reductions in property values, maintaining a steady market. In conclusion, given the specific figures available, landlords and small-portfolio investors should find ZIP 29426 a favorable location for Section 8 properties, with a strong foundation in both rental and housing markets.
Section 8 Verdict: ZIP 29426 presents a solid opportunity for Section 8 investments, supported by a defined FMR and stable median home values.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.