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SC/York County/Mc Connells

Mc Connells, SC

CitySAFMR
York County
Found 1 ZIP

City Median Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$1,050
1 BR$1,090$1,090
2 BR$1,240$1,240
3 BR$1,570$1,570
4 BR$1,890$1,890
5 BR$2,174Not available
6 BR$2,500Not available
7 BR$2,874Not available
8 BR$3,306Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMRUsed$1,240
Market rentN/A
Est. payment standardN/A
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Mc Connells, SC fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mc Connells, SC is $1,240 a month. That is up 13.8% from $1,090 in FY 2026. Mc Connells is in the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in South Carolina is $1,098, so Mc Connells is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Mc Connells, SC
BedroomsFY 2027Change90–110% range
Studio$1,050+10.5%$945–$1,155
1BR$1,090+10.1%$981–$1,199
2BR$1,240+13.8%$1,116–$1,364
3BR$1,570+17.2%$1,413–$1,727
4BR$1,890+11.2%$1,701–$2,079

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Mc Connells, SC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,090$1,240$1,570$1,890
FY 2026$950$990$1,090$1,340$1,700
FY 2025$1,010$1,050$1,160$1,430$1,810
FY 2024$890$920$1,030$1,280$1,640
FY 2023$840$860$970$1,230$1,590

Questions about Mc Connells, SC rents

How much will Section 8 pay for a two-bedroom in Mc Connells, SC?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,240, that basic range is $1,116 to $1,364 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Mc Connells, SC in?

Mc Connells, SC is in the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Mc Connells, SC for FY 2027?

The two-bedroom FMR rose 13.8%, from $1,090 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 27.8%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set