Location: Charleston-North Charleston, SC | Metro: Charleston-North Charleston, SC MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,280 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,810 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
ZIP code 29469, located within the Charleston-North Charleston, SC MSA, presents unique characteristics compared to typical ZIP codes in this metropolitan area. The Fair Market Rent (FMR) for 29469 in fiscal year 2024 is set at $1380. While the specific market rent for this ZIP code is not available, we can make inferences based on the other data points.
The median home value in 29469 is $480,741, which is notably higher than the average home values in many other ZIP codes within the Charleston-North Charleston metro. This suggests that 29469 is likely a premium sub-market within its larger metropolitan context, attracting higher-income residents and commanding higher property values.
However, the renter share in 29469 is reported as 0.0%, indicating that there are no renters in this ZIP code. This is a significant divergence from the typical ZIP codes in the Charleston-North Charleston, SC MSA, where a mix of homeowners and renters usually exists. The absence of renters means that the ZIP code does not have a significant presence of Section 8 housing or subsidized rental units.
The combination of high home values and a zero renter share suggests that 29469 is not a value pocket for Section 8 tenants or small-portfolio investors looking for rental opportunities. Instead, it represents a sub-market dominated by homeownership, possibly due to its desirable location or amenities that appeal to those who can afford to purchase rather than rent. Landlords and investors interested in the Charleston-North Charleston metro should focus their attention elsewhere if they seek areas with a higher concentration of renters.
To summarize, 29469 stands out as a premium sub-market within the Charleston-North Charleston, SC MSA, characterized by high home values and a complete absence of rental units. These factors make it an unsuitable location for Section 8 housing or for small-portfolio investors seeking rental investment opportunities.
Data Sources: FMR data from HUD (2027). 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.