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Charleston County/Charleston/29414

29414

ZIPSAFMR
Charleston County, SC
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$1,900$1,570
1 BR$1,980$1,700
2 BR$2,150$1,980
3 BR$2,670$2,360
4 BR$3,070$2,800
5 BR$3,530Not available
6 BR$4,060Not available
7 BR$4,669Not available
8 BR$5,369Not available

Purchase Price Calculator

Maximum purchase price
$232,311

Cost breakdown

+Likely effective rent$1,980
HUD FMR$2,150
Market rentUsed$1,980
Est. payment standard (95%)$2,040
-Principal and interest-$1,175
Loan amount$185,849
Down payment$46,462
Rate6.50%
Term30 years
-Operating costs-$605
Property taxes-$232
Insurance-$175
Utilities$0
HOA$0
Management-$198
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,721(68.3% ROI)
Projected value
$250,173
Return breakdown
Property appreciation+$17,863
Loan principal paid down+$6,659
Rental cash flow+$7,200
5-year hold
+$54,401(117.1% ROI)
Projected value
$262,838
Return breakdown
Property appreciation+$30,528
Loan principal paid down+$11,874
Rental cash flow+$12,000
10-year hold
+$117,360(252.6% ROI)
Projected value
$297,377
Return breakdown
Property appreciation+$65,067
Loan principal paid down+$28,293
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.21
1 BR
1.16
2 BR
1.09
3 BR
1.13
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29414 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29414 (Charleston, SC) is $2,150 a month. That is up 1.9% from $2,110 in FY 2026. Charleston is in the Charleston-North Charleston, SC MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 42 ZIP codes in Charleston County, 29414 has the 13th-highest two-bedroom rent (county range $1,220–$2,830). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29414 is 96% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29414
BedroomsFY 2027Change90–110% range
Studio$1,900+3.3%$1,710–$2,090
1BR$1,980+3.1%$1,782–$2,178
2BR$2,150+1.9%$1,935–$2,365
3BR$2,670+1.9%$2,403–$2,937
4BR$3,070+1.3%$2,763–$3,377

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29414
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,900$1,980$2,150$2,670$3,070
FY 2026$1,840$1,920$2,110$2,620$3,030
FY 2025$1,810$1,880$2,080$2,580$3,030
FY 2024$1,580$1,620$1,820$2,250$2,730
FY 2023$1,510$1,540$1,740$2,160$2,720

Two-bedroom rent in nearby Charleston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29414
29407$1,910−11.2%
29409$2,190+1.9%
29410$1,700−20.9%
29412$2,190+1.9%
29413$1,910−11.2%
29414Current$2,150—
29415$1,910−11.2%
29416$1,910−11.2%
29417$1,910−11.2%
29418$1,620−24.7%
29419$1,910−11.2%
29420$1,850−14.0%

Questions about ZIP 29414 rents

How much will Section 8 pay for a two-bedroom in ZIP 29414?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,150, that basic range is $1,935 to $2,365 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 ZIP 29414 in?

ZIP 29414 is in the Charleston-North Charleston, SC MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 29414 for FY 2027?

The two-bedroom FMR rose 1.9%, from $2,110 in FY 2026 to $2,150 in FY 2027. Since FY 2023 it has risen 23.6%.

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

County fair market rentCharleston, SC fair market rentSC statewide rentsWhat is SAFMR?Data sources