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 | $1,440 |
| 1 Bedroom | $1,560 |
| 2 Bedrooms | $1,870 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,870 | $168,450 | 1.11% | B |
| 3BR | $2,270 | $287,133 | 0.79% | D |
| 4BR | $2,460 | $333,156 | 0.74% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 29568 (Longs, SC) on the axes of yield and stability reveals a moderate investment opportunity for landlords and small-portfolio investors.
Yield Analysis: The Fair Market Rent (FMR) for ZIP 29568 is projected at $1,500 for fiscal year 2024, while the current market rent stands at $1,954. This suggests a potential for slightly above-average rental income compared to the fair market rate, indicating a modest yield. However, the median home value in the area is $289,768, which is significantly higher than both the FMR and market rent figures. This implies that the capital investment required to enter the rental market in this ZIP code is relatively high, reducing the overall yield when considering the property's purchase price.
Stability Analysis: Stability in the rental market can be gauged by the percentage of renters, days on market (DOM), and average household income. In ZIP 29568, only 14.6% of residents are renters, suggesting a smaller pool of potential tenants. The average DOM is 45 days, which is a reasonable timeframe for finding a new tenant but could be shorter in more stable markets. With an average household income of $62,653, tenants may have sufficient financial means to meet their rent obligations, contributing positively to the stability of cash flow.
Combining these factors, ZIP 29568 does not fit the profile of a high-yield/low-stability flip-style market. Instead, it represents a steady-cashflow zone due to the balance between rental income and the percentage of renters. While the yield is not exceptionally high given the home values, the stability indicators suggest that the rental income is reliable and consistent. Landlords and investors should expect moderate returns and a stable occupancy rate in this area.
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.