Location: Myrtle Beach-North Myrtle Beach-Conway, SC | Metro: Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area
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 | $1,040 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,320 | $191,146 | 0.69% | D |
| 3BR | $1,630 | $304,114 | 0.54% | F |
| 4BR | $1,900 | $353,319 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 29511, located in Aynor, SC, falls within the Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area. Its Fair Market Rent (FMR) for FY 2024 is set at $1090, while the market rent stands at $980. The median home value in this ZIP is $295,877, and it has an 11.7% renter share.
To contextualize these figures, consider that the typical ZIP codes within the Myrtle Beach-North Myrtle Beach-Conway metro area have a median home value that tends to be higher, especially closer to the beach areas where values can exceed $300,000. However, the FMR and market rents in those areas can also be significantly higher, often exceeding $1100 per month.
The $1090 FMR for ZIP 29511 is notably lower than some of the beachfront ZIPs, suggesting it is not among the most expensive sub-markets within the metro. Additionally, the market rent of $980 is below the FMR, indicating that landlords in this area may have flexibility in setting rental prices without exceeding the HUD guidelines. This could be advantageous for landlords who are aiming to attract tenants eligible for Section 8 benefits.
The 11.7% renter share is relatively modest compared to other areas with higher concentrations of renters. This suggests that 29511 is primarily a homeowner-focused community, though the presence of a notable rental population does provide opportunities for landlords.
The combination of below-average market rent and above-average home value, coupled with a non-trivial renter share, positions ZIP 29511 as a mid-tier neighborhood within its metro. It offers a balance between affordability for potential Section 8 tenants and reasonable returns for investors. However, the divergence of having a higher-than-average home value with a below-metro average market rent does hint at the possibility of being a sweet spot for Section 8 investments, particularly if the goal is to secure properties with some appreciation potential while still maintaining competitive rental rates.
In summary, ZIP 29511 appears to be a mid-tier neighborhood that could serve as a strategic investment location for landlords interested in Section 8 housing. The $1090 FMR and $980 market rent offer a margin of flexibility, while the $295,877 median home value indicates a moderate level of property appreciation potential.
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.