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Charleston County/Sullivans Island/29482

29482

ZIPSAFMR
Charleston County, SC
Zillow

ZIP Investment Score

14Below average

095130300
BRFMR
Eff. Rent
0 BR$2,160$2,120
1 BR$2,250$2,480
2 BR$2,460$2,710
3 BR$3,040$3,340
4 BR$3,510$3,860
5 BR$4,036Not available
6 BR$4,642Not available
7 BR$5,338Not available
8 BR$6,139Not available

Purchase Price Calculator

Maximum purchase price
$340,788

Cost breakdown

+Likely effective rent$2,710
HUD FMR$2,460
Market rent$3,020
Est. payment standard (110%)Used$2,710
-Principal and interest-$1,723
Loan amount$272,631
Down payment$68,158
Rate6.50%
Term30 years
-Operating costs-$787
Property taxes-$341
Insurance-$175
Utilities$0
HOA$0
Management-$271
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$43,171(63.3% ROI)
Projected value
$366,992
Return breakdown
Property appreciation+$26,203
Loan principal paid down+$9,768
Rental cash flow+$7,200
5-year hold
+$74,201(108.9% ROI)
Projected value
$385,571
Return breakdown
Property appreciation+$44,782
Loan principal paid down+$17,418
Rental cash flow+$12,000
10-year hold
+$160,955(236.2% ROI)
Projected value
$436,238
Return breakdown
Property appreciation+$95,450
Loan principal paid down+$41,505
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
0.82
2 BR
0.81
3 BR
0.62
4 BR
0.69
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29482 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29482 (Sullivans Island, SC) is $2,460 a month. That is down 3.1% from $2,540 in FY 2026. Sullivans Island 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, 29482 has the 5th-highest two-bedroom rent (county range $1,220–$2,830). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29482 is 124% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29482
BedroomsFY 2027Change90–110% range
Studio$2,160−2.3%$1,944–$2,376
1BR$2,250−3.0%$2,025–$2,475
2BR$2,460−3.1%$2,214–$2,706
3BR$3,040−3.8%$2,736–$3,344
4BR$3,510−3.6%$3,159–$3,861

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29482
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,160$2,250$2,460$3,040$3,510
FY 2026$2,210$2,320$2,540$3,160$3,640
FY 2025$2,160$2,250$2,490$3,080$3,630
FY 2024$2,080$2,140$2,400$2,970$3,610
FY 2023$1,990$2,040$2,300$2,860$3,600

Two-bedroom rent in nearby Charleston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29482
29455$1,860−24.4%
29456$1,890−23.2%
29457$1,910−22.4%
29458$1,920−22.0%
29464$2,430−1.2%
29465$1,910−22.4%
29466$2,770+12.6%
29470$1,220−50.4%
29482Current$2,460—
29483$1,580−35.8%
29485$1,860−24.4%
29487$1,670−32.1%

Questions about ZIP 29482 rents

How much will Section 8 pay for a two-bedroom in ZIP 29482?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,460, that basic range is $2,214 to $2,706 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 29482 in?

ZIP 29482 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 29482 for FY 2027?

The two-bedroom FMR fell 3.1%, from $2,540 in FY 2026 to $2,460 in FY 2027. Since FY 2023 it has risen 7.0%.

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 rentSullivans Island, SC fair market rentSC statewide rentsWhat is SAFMR?Data sources