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 | $2,160 |
| 1 Bedroom | $2,250 |
| 2 Bedrooms | $2,460 |
| 3 Bedrooms | $3,040 |
| 4 Bedrooms | $3,510 |
| 5 Bedrooms | $4,072 |
| 6 Bedrooms | $4,561 |
| 7 Bedrooms | $4,926 |
| 8 Bedrooms | $5,172 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $3,040 | $3,423,903 | 0.09% | F |
| 4BR | $3,510 | $4,995,279 | 0.07% | F |
| 5BR | $4,072 | $5,887,167 | 0.07% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 29482, characterized by a median home value of $4,244,039, signals strong pricing power for the next 12 to 24 months. The fact that only 0.1% of listings have been reduced indicates that sellers are confident in their asking prices, reflecting a robust demand environment where buyers are willing to meet higher price points without significant concessions.
The median days on market (DOM) being listed as N/A suggests that homes are selling quickly, often before reaching the typical DOM period. This rapid turnover further supports the notion of a seller's market where inventory is tight and competition among buyers is high, leading to less negotiation and quicker sales at or near the listed price.
On the rental side, the Federal Market Rent (FMR) for ZIP 29482 is set at $2,400 for fiscal year 2024, compared to the current market rate of $2,375 based on Census ACS data. This slight increase in FMR signals that rental values are expected to rise, aligning with the overall trend of rising property values in the area. Landlords and small-portfolio investors can anticipate modest growth in rental income, which will help offset any increases in maintenance costs or property taxes.
For long-term investors, the setup implies a realistic appreciation thesis driven by sustained demand and limited supply. With median home values already high and showing signs of resilience, coupled with low listing reductions and quick sales, the market is poised for continued upward pressure on property values. This scenario supports a strategy of holding properties for the long term, as appreciation is likely to outpace inflation and provide a steady return on investment.
However, it's important to note that while the current indicators point towards a favorable market, external factors such as changes in interest rates, economic downturns, or shifts in local employment could alter this trajectory. Nonetheless, the data at hand suggests a strong foundation for maintaining and potentially increasing property values over the next couple of years.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.