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Horry County/Myrtle Beach/29575

29575

ZIPSAFMR
Horry County, SC
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$1,220$1,340
1 BR$1,330$1,290
2 BR$1,590$1,440
3 BR$1,930$2,030
4 BR$2,090$2,260
5 BR$2,404Not available
6 BR$2,764Not available
7 BR$3,179Not available
8 BR$3,655Not available

Purchase Price Calculator

Maximum purchase price
$152,067

Cost breakdown

+Likely effective rent$1,440
HUD FMR$1,590
Market rentUsed$1,440
Est. payment standard (94%)$1,490
-Principal and interest-$769
Loan amount$121,654
Down payment$30,413
Rate6.50%
Term30 years
-Operating costs-$471
Property taxes-$152
Insurance-$175
Utilities$0
HOA$0
Management-$144
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,251(76.5% ROI)
Projected value
$163,759
Return breakdown
Property appreciation+$11,693
Loan principal paid down+$4,359
Rental cash flow+$7,200
5-year hold
+$39,755(130.7% ROI)
Projected value
$172,050
Return breakdown
Property appreciation+$19,983
Loan principal paid down+$7,772
Rental cash flow+$12,000
10-year hold
+$85,112(279.9% ROI)
Projected value
$194,659
Return breakdown
Property appreciation+$42,592
Loan principal paid down+$18,520
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.85
1 BR
1.03
2 BR
1.10
3 BR
0.93
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29575 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29575 (Myrtle Beach, SC) is $1,590 a month. That is down 0.6% from $1,600 in FY 2026. Myrtle Beach is in the Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro 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 metro-wide two-bedroom FMR of $1,504. Among 21 ZIP codes in Horry County, 29575 has the 5th-highest two-bedroom rent (county range $1,320–$1,870). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29575 is 45% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29575
BedroomsFY 2027Change90–110% range
Studio$1,220−2.4%$1,098–$1,342
1BR$1,330−0.7%$1,197–$1,463
2BR$1,590−0.6%$1,431–$1,749
3BR$1,930−2.0%$1,737–$2,123
4BR$2,090−9.5%$1,881–$2,299

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29575
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,220$1,330$1,590$1,930$2,090
FY 2026$1,250$1,340$1,600$1,970$2,310
FY 2025$1,270$1,350$1,580$1,990$2,320
FY 2024$1,230$1,300$1,490$1,890$2,190
FY 2023$1,020$1,040$1,200$1,530$1,730

Two-bedroom rent in nearby Horry County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29575
29566$1,730+8.8%
29568$1,870+17.6%
29569$1,320−17.0%
29572$1,500−5.7%
29575Current$1,590—
29576$1,720+8.2%
29577$1,420−10.7%
29578$1,500−5.7%
29579$1,840+15.7%
29581$1,320−17.0%
29582$1,550−2.5%
29587$1,500−5.7%

Questions about ZIP 29575 rents

How much will Section 8 pay for a two-bedroom in ZIP 29575?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,504, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,354 to $1,654 a month; under the ZIP-level Small Area FMR of $1,590 it would be $1,431 to $1,749. 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 29575 in?

ZIP 29575 is in the Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,504.

How much did fair market rent change in ZIP 29575 for FY 2027?

The two-bedroom FMR fell 0.6%, from $1,600 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 32.5%.

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