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Berkeley County/Summerville/29483

29483

ZIPSAFMR
Berkeley County, SC
Zillow

ZIP Investment Score

126Above average

095130300
BRFMR
Eff. Rent
0 BR$1,390$1,460
1 BR$1,450$1,460
2 BR$1,580$1,720
3 BR$1,960$2,140
4 BR$2,250$2,340
5 BR$2,588Not available
6 BR$2,976Not available
7 BR$3,422Not available
8 BR$3,935Not available

Purchase Price Calculator

Maximum purchase price
$193,675

Cost breakdown

+Likely effective rent$1,720
HUD FMR$1,580
Market rent$1,800
Est. payment standard (109%)Used$1,720
-Principal and interest-$979
Loan amount$154,940
Down payment$38,735
Rate6.50%
Term30 years
-Operating costs-$541
Property taxes-$194
Insurance-$175
Utilities$0
HOA$0
Management-$172
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,643(71.4% ROI)
Projected value
$208,567
Return breakdown
Property appreciation+$14,892
Loan principal paid down+$5,551
Rental cash flow+$7,200
5-year hold
+$47,350(122.2% ROI)
Projected value
$219,125
Return breakdown
Property appreciation+$25,450
Loan principal paid down+$9,899
Rental cash flow+$12,000
10-year hold
+$101,833(262.9% ROI)
Projected value
$247,920
Return breakdown
Property appreciation+$54,245
Loan principal paid down+$23,588
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
0.99
2 BR
0.88
3 BR
0.88
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29483 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29483 (Summerville, SC) is $1,580 a month. That is up 4.6% from $1,510 in FY 2026. Summerville 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 19 ZIP codes in Berkeley County, 29483 has the 9th-highest two-bedroom rent (county range $1,170–$2,770). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29483 is 44% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29483
BedroomsFY 2027Change90–110% range
Studio$1,390+5.3%$1,251–$1,529
1BR$1,450+5.1%$1,305–$1,595
2BR$1,580+4.6%$1,422–$1,738
3BR$1,960+4.3%$1,764–$2,156
4BR$2,250+4.2%$2,025–$2,475

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29483
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,390$1,450$1,580$1,960$2,250
FY 2026$1,320$1,380$1,510$1,880$2,160
FY 2025$1,390$1,450$1,600$1,980$2,330
FY 2024$1,200$1,230$1,380$1,720$2,160
FY 2023$1,100$1,120$1,270$1,580$1,990

Two-bedroom rent in nearby Berkeley County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29483
29450$2,140+35.4%
29453$1,570−0.6%
29456$1,890+19.6%
29461$1,570−0.6%
29466$2,770+75.3%
29468$1,170−25.9%
29469$1,450−8.2%
29472$1,430−9.5%
29479$1,170−25.9%
29483Current$1,580—
29486$2,000+26.6%
29492$2,400+51.9%

Questions about ZIP 29483 rents

How much will Section 8 pay for a two-bedroom in ZIP 29483?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,580, that basic range is $1,422 to $1,738 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 29483 in?

ZIP 29483 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 29483 for FY 2027?

The two-bedroom FMR rose 4.6%, from $1,510 in FY 2026 to $1,580 in FY 2027. Since FY 2023 it has risen 24.4%.

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