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Chesterfield County/Cheraw/29520

29520

ZIPSAFMR
Chesterfield County, SC
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$680$750
1 BR$720$790
2 BR$940$940
3 BR$1,220$1,220
4 BR$1,290$1,190
5 BR$1,483Not available
6 BR$1,706Not available
7 BR$1,962Not available
8 BR$2,256Not available

Purchase Price Calculator

Maximum purchase price
$77,767

Cost breakdown

+Likely effective rent$940
HUD FMRUsed$940
Market rentN/A
Est. payment standardN/A
-Principal and interest-$393
Loan amount$62,214
Down payment$15,553
Rate6.50%
Term30 years
-Operating costs-$347
Property taxes-$78
Insurance-$175
Utilities$0
HOA$0
Management-$94
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,409(99.1% ROI)
Projected value
$83,747
Return breakdown
Property appreciation+$5,980
Loan principal paid down+$2,229
Rental cash flow+$7,200
5-year hold
+$26,194(168.4% ROI)
Projected value
$87,986
Return breakdown
Property appreciation+$10,219
Loan principal paid down+$3,975
Rental cash flow+$12,000
10-year hold
+$55,253(355.2% ROI)
Projected value
$99,548
Return breakdown
Property appreciation+$21,781
Loan principal paid down+$9,471
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.65
1 BR
0.69
4 BR
1.08
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29520 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29520 (Cheraw, SC) is $940 a month. That is down 4.1% from $980 in FY 2026. Cheraw is in the Chesterfield County, SC non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $885. Among 12 ZIP codes in Chesterfield County, 29520 has the 7th-highest two-bedroom rent (county range $890–$1,190). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29520 is 14% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29520
BedroomsFY 2027Change90–110% range
Studio$680−8.1%$612–$748
1BR$720−4.0%$648–$792
2BR$940−4.1%$846–$1,034
3BR$1,220−3.9%$1,098–$1,342
4BR$1,290−7.9%$1,161–$1,419

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29520
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$680$720$940$1,220$1,290
FY 2026$740$750$980$1,270$1,400
FY 2025$770$780$1,020$1,310$1,450
FY 2024area FMR$714$718$905$1,164$1,291
FY 2023area FMR$639$642$780$1,012$1,071

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Chesterfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29520
29009$1,180+25.5%
29101$990+5.3%
29520Current$940—
29550$1,070+13.8%
29584$990+5.3%
29593$1,190+26.6%
29709$890−5.3%
29718$910−3.2%
29720$1,010+7.4%
29727$890−5.3%
29728$890−5.3%
29741$900−4.3%

Questions about ZIP 29520 rents

How much will Section 8 pay for a two-bedroom in ZIP 29520?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $885, which applies unless the housing authority uses Small Area FMRs, that basic range is $797 to $974 a month; under the ZIP-level Small Area FMR of $940 it would be $846 to $1,034. 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 29520 in?

ZIP 29520 is in the Chesterfield County, SC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $885.

How much did fair market rent change in ZIP 29520 for FY 2027?

The two-bedroom FMR fell 4.1%, from $980 in FY 2026 to $940 in FY 2027. Since FY 2025 it has fallen 7.8%.

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