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Charleston County/Mount Pleasant/29466

29466

ZIPSAFMR
Charleston County, SC
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$2,440$1,710
1 BR$2,540$1,860
2 BR$2,770$2,220
3 BR$3,430$3,130
4 BR$3,950$3,630
5 BR$4,543Not available
6 BR$5,224Not available
7 BR$6,007Not available
8 BR$6,909Not available

Purchase Price Calculator

Maximum purchase price
$267,975

Cost breakdown

+Likely effective rent$2,220
HUD FMR$2,770
Market rentUsed$2,220
Est. payment standard (90%)$2,490
-Principal and interest-$1,355
Loan amount$214,380
Down payment$53,595
Rate6.50%
Term30 years
-Operating costs-$665
Property taxes-$268
Insurance-$175
Utilities$0
HOA$0
Management-$222
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,485(66.2% ROI)
Projected value
$288,579
Return breakdown
Property appreciation+$20,605
Loan principal paid down+$7,681
Rental cash flow+$7,200
5-year hold
+$60,911(113.7% ROI)
Projected value
$303,189
Return breakdown
Property appreciation+$35,214
Loan principal paid down+$13,697
Rental cash flow+$12,000
10-year hold
+$131,692(245.7% ROI)
Projected value
$343,030
Return breakdown
Property appreciation+$75,056
Loan principal paid down+$32,637
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.43
1 BR
1.37
2 BR
1.25
3 BR
1.10
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29466 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29466 (Mount Pleasant, SC) is $2,770 a month. That is up 9.1% from $2,540 in FY 2026. Mount Pleasant 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, 29466 has the 3rd-highest two-bedroom rent (county range $1,220–$2,830). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29466 is 152% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29466
BedroomsFY 2027Change90–110% range
Studio$2,440+10.4%$2,196–$2,684
1BR$2,540+9.5%$2,286–$2,794
2BR$2,770+9.1%$2,493–$3,047
3BR$3,430+8.5%$3,087–$3,773
4BR$3,950+8.5%$3,555–$4,345

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29466
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,440$2,540$2,770$3,430$3,950
FY 2026$2,210$2,320$2,540$3,160$3,640
FY 2025$2,220$2,300$2,550$3,160$3,720
FY 2024$1,970$2,020$2,270$2,810$3,410
FY 2023$1,950$1,990$2,250$2,800$3,520

Two-bedroom rent in nearby Charleston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29466
29450$2,140−22.7%
29451$2,830+2.2%
29453$1,570−43.3%
29455$1,860−32.9%
29456$1,890−31.8%
29457$1,910−31.0%
29458$1,920−30.7%
29464$2,430−12.3%
29465$1,910−31.0%
29466Current$2,770—
29470$1,220−56.0%
29482$2,460−11.2%

Questions about ZIP 29466 rents

How much will Section 8 pay for a two-bedroom in ZIP 29466?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,770, that basic range is $2,493 to $3,047 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 29466 in?

ZIP 29466 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 29466 for FY 2027?

The two-bedroom FMR rose 9.1%, from $2,540 in FY 2026 to $2,770 in FY 2027. Since FY 2023 it has risen 23.1%.

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 rentMount Pleasant, SC fair market rentSC statewide rentsWhat is SAFMR?Data sources