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 | $1,150 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,250 | $151,617 | 0.82% | C |
| 2BR | $1,500 | $262,935 | 0.57% | F |
| 3BR | $1,820 | $495,732 | 0.37% | F |
| 4BR | $1,980 | $849,302 | 0.23% | F |
| 5BR | $2,297 | $1,241,452 | 0.19% | F |
U.S. Census Bureau data (2024)
The ZIP code 29572, located in Myrtle Beach, SC, presents a unique combination of yield and stability that appeals to both high-yield seekers and those looking for steady cash flow. The Fair Market Rent (FMR) for FY 2024 stands at $1,350, while the market rent averages $1,402. This indicates a relatively strong rental market, with a slight premium above the FMR.
The median home value in this area is $316,461, which when compared to the median household income of $85,247, suggests a moderate affordability ratio. However, with only 22.1% of residents being renters, the demand for rental properties is somewhat limited, potentially affecting long-term stability.
The days on market (DOM) for rental properties is 96 days, which is a reasonable period indicating neither an extremely hot nor cold rental market. This figure supports the idea that the market is stable enough to maintain consistent rental yields without excessive vacancy periods.
To classify this market, we must consider the balance between yield and stability. With a rental price slightly above the FMR and a reasonable DOM, the area leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The low percentage of renters does pose a risk to stability, but the strong rental prices and manageable DOM counterbalance this somewhat.
Conclusion: ZIP 29572 offers a moderate level of yield and stability. It is not ideal for short-term flipping due to the lower percentage of renters, but it provides a reliable rental income with a slight premium over the FMR. For landlords and small-portfolio investors seeking a mix of decent returns and manageable risks, this area could be considered a steady-cashflow zone.
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.