Section 8 Fair Market Rent (FMR) for ZIP 29578 - 2027

Location: Myrtle Beach-North Myrtle Beach-Conway, SC | Metro: Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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
The search results did not provide specific data for ZIP 29578 in Unknown, SC, regarding rental market values, home values, or tenant demographics. However, based on the available Fair Market Rent (FMR) figure of $1360 for FY 2024, we can make some assessments about the potential yield and stability of the area.

The yield for ZIP 29578 is relatively low due to the lack of comparative market and home value data. Without knowing the typical market rent or home values, it is difficult to determine if the FMR of $1360 represents a premium over market rates. Stability cannot be accurately assessed without key metrics such as the percentage of renters, days on market (DOM), and average income levels.

In the absence of comprehensive data, landlords and small-portfolio investors should proceed cautiously. The unknown stability factors could pose risks, including high turnover or difficulty in collecting rents. Similarly, the yield may not be competitive with other markets where more detailed data is available.

To classify ZIP 29578, it appears to fall into an uncertain category, neither clearly high-yield/low-stability nor a steady-cashflow zone. Further research is necessary to gather missing data points and make a definitive assessment.

For now, consider the following:

Until additional data is obtained, ZIP 29578 remains an ambiguous investment opportunity for landlords and small-portfolio investors.

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.