Location: Charleston-North Charleston, SC | Metro: Charleston-North Charleston, SC MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,530 |
| 1 Bedroom | $1,590 |
| 2 Bedrooms | $1,730 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
1520 is the Fair Market Rent (FMR) for ZIP 29484 in fiscal year 2024, setting a clear benchmark for rental properties in this area. However, the lack of specific data on market rent, median home value, and other key metrics suggests a need for further local research to understand the exact dynamics of the housing market. The absence of a reported median income means that landlords should be cautious about assuming the financial stability of potential tenants. With the 1520 FMR being the only concrete figure, it's essential to ensure that rental units meet the quality standards required to participate in the Section 8 program without relying on incomplete or misleading statistics. Given the limited data available, it's advisable to focus on maintaining properties below this threshold to remain competitive and attractive to Section 8 participants. Landlords in ZIP 29484 can leverage the 1520 FMR to guide their pricing strategies, ensuring they align with federal guidelines while also considering the broader economic context of the region. Despite the scarcity of detailed local market information, the 1520 FMR provides a solid starting point for investment decisions in the rental sector. This ZIP code offers opportunities for those willing to conduct thorough due diligence and manage expectations based on the available data.
1520 is the threshold you must work within if you're looking to attract Section 8 tenants. While the exact market conditions and tenant profiles remain somewhat opaque, the clear guidance offered by the FMR ensures that your investment adheres to federal standards. The verdict for ZIP 29484 is that it presents a straightforward opportunity for landlords who can keep their rents at or below 1520, but comprehensive local knowledge is crucial for success.
Data Sources: FMR data from HUD (2027).
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.