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 | $1,890 |
| 1 Bedroom | $1,960 |
| 2 Bedrooms | $2,140 |
| 3 Bedrooms | $2,650 |
| 4 Bedrooms | $3,050 |
| 5 Bedrooms | $3,538 |
| 6 Bedrooms | $3,963 |
| 7 Bedrooms | $4,280 |
| 8 Bedrooms | $4,494 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,650 | $535,281 | 0.5% | F |
| 4BR | $3,050 | $611,816 | 0.5% | F |
U.S. Census Bureau data (2024)
The ZIP code 29450 stands out in XX County with a population of 3,309 residents, where only 7.5% rent their homes. The median income here is $57,269, while the median home value is notably high at $501,604. This combination of low rental rates and high home values suggests a unique market dynamic.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 29450 in fiscal year 2024 is set at $1,380, significantly below the $1,716 market rate as per the Census ACS. This gap indicates that landlords who accept Section 8 vouchers can expect lower rents compared to the market average, but the stability and reliability of voucher payments may offset this discrepancy.
The data signature for ZIP 29450 reads as stable. With a relatively low percentage of renters and a high median home value, the area is likely experiencing steady demand from homeowners rather than tenants. However, the presence of Section 8 vouchers still plays a role in the rental market, offering a reliable source of income for landlords who cater to this segment. Despite the economic disparity between voucher and market rents, the overall stability of the ZIP code's demographic and housing trends supports a consistent investment climate for both landlords and small-portfolio investors.
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.