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Berkeley County/Summerville/29486

29486

ZIPSAFMR
Berkeley County, SC
Zillow

ZIP Investment Score

139High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,760$1,560
1 BR$1,840$1,750
2 BR$2,000$2,200
3 BR$2,480$2,500
4 BR$2,850$2,880
5 BR$3,277Not available
6 BR$3,769Not available
7 BR$4,334Not available
8 BR$4,985Not available

Purchase Price Calculator

Maximum purchase price
$265,003

Cost breakdown

+Likely effective rent$2,200
HUD FMR$2,000
Market rent$2,310
Est. payment standard (110%)Used$2,200
-Principal and interest-$1,340
Loan amount$212,002
Down payment$53,001
Rate6.50%
Term30 years
-Operating costs-$660
Property taxes-$265
Insurance-$175
Utilities$0
HOA$0
Management-$220
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,172(66.4% ROI)
Projected value
$285,379
Return breakdown
Property appreciation+$20,376
Loan principal paid down+$7,596
Rental cash flow+$7,200
5-year hold
+$60,368(113.9% ROI)
Projected value
$299,826
Return breakdown
Property appreciation+$34,824
Loan principal paid down+$13,545
Rental cash flow+$12,000
10-year hold
+$130,498(246.2% ROI)
Projected value
$339,226
Return breakdown
Property appreciation+$74,223
Loan principal paid down+$32,275
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
1.05
2 BR
0.87
3 BR
0.99
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29486 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29486 (Summerville, SC) is $2,000 a month. That is up 8.1% from $1,850 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, 29486 has the 4th-highest two-bedroom rent (county range $1,170–$2,770). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29486 is 82% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29486
BedroomsFY 2027Change90–110% range
Studio$1,760+9.3%$1,584–$1,936
1BR$1,840+8.9%$1,656–$2,024
2BR$2,000+8.1%$1,800–$2,200
3BR$2,480+7.8%$2,232–$2,728
4BR$2,850+7.5%$2,565–$3,135

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29486
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,760$1,840$2,000$2,480$2,850
FY 2026$1,610$1,690$1,850$2,300$2,650
FY 2025$1,600$1,660$1,840$2,280$2,680
FY 2024$1,350$1,390$1,560$1,930$2,340
FY 2023$1,280$1,310$1,480$1,840$2,310

Two-bedroom rent in nearby Berkeley County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29486
29450$2,140+7.0%
29453$1,570−21.5%
29456$1,890−5.5%
29461$1,570−21.5%
29466$2,770+38.5%
29468$1,170−41.5%
29469$1,450−27.5%
29472$1,430−28.5%
29479$1,170−41.5%
29483$1,580−21.0%
29486Current$2,000—
29492$2,400+20.0%

Questions about ZIP 29486 rents

How much will Section 8 pay for a two-bedroom in ZIP 29486?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,000, that basic range is $1,800 to $2,200 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 29486 in?

ZIP 29486 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 29486 for FY 2027?

The two-bedroom FMR rose 8.1%, from $1,850 in FY 2026 to $2,000 in FY 2027. Since FY 2023 it has risen 35.1%.

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