Skip to main content
Loading page
Horry County/Myrtle Beach/29577

29577

ZIPSAFMR
Horry County, SC
Zillow

ZIP Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$1,090$1,070
1 BR$1,190$1,270
2 BR$1,420$1,500
3 BR$1,720$1,890
4 BR$1,900$2,090
5 BR$2,185Not available
6 BR$2,513Not available
7 BR$2,890Not available
8 BR$3,323Not available

Purchase Price Calculator

Maximum purchase price
$160,983

Cost breakdown

+Likely effective rent$1,500
HUD FMR$1,420
Market rent$1,540
Est. payment standard (105%)Used$1,500
-Principal and interest-$814
Loan amount$128,786
Down payment$32,197
Rate6.50%
Term30 years
-Operating costs-$486
Property taxes-$161
Insurance-$175
Utilities$0
HOA$0
Management-$150
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,192(75.1% ROI)
Projected value
$173,361
Return breakdown
Property appreciation+$12,378
Loan principal paid down+$4,614
Rental cash flow+$7,200
5-year hold
+$41,383(128.5% ROI)
Projected value
$182,137
Return breakdown
Property appreciation+$21,154
Loan principal paid down+$8,228
Rental cash flow+$12,000
10-year hold
+$88,695(275.5% ROI)
Projected value
$206,072
Return breakdown
Property appreciation+$45,089
Loan principal paid down+$19,606
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.02
1 BR
0.90
2 BR
0.92
3 BR
0.83
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29577 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29577 (Myrtle Beach, SC) is $1,420 a month. That is unchanged from 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, 29577 has the 14th-highest two-bedroom rent (county range $1,320–$1,870). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29577 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29577
BedroomsFY 2027Change90–110% range
Studio$1,090−1.8%$981–$1,199
1BR$1,1900.0%$1,071–$1,309
2BR$1,4200.0%$1,278–$1,562
3BR$1,720−1.7%$1,548–$1,892
4BR$1,900−7.3%$1,710–$2,090

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29577
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,090$1,190$1,420$1,720$1,900
FY 2026$1,110$1,190$1,420$1,750$2,050
FY 2025$1,080$1,140$1,340$1,690$1,970
FY 2024$1,080$1,140$1,310$1,660$1,930
FY 2023$960$990$1,140$1,450$1,640

Two-bedroom rent in nearby Horry County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29577
29566$1,730+21.8%
29568$1,870+31.7%
29569$1,320−7.0%
29572$1,500+5.6%
29575$1,590+12.0%
29576$1,720+21.1%
29577Current$1,420—
29578$1,500+5.6%
29579$1,840+29.6%
29581$1,320−7.0%
29582$1,550+9.2%
29587$1,500+5.6%

Questions about ZIP 29577 rents

How much will Section 8 pay for a two-bedroom in ZIP 29577?

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 $1,420 it would be $1,278 to $1,562. 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 29577 in?

ZIP 29577 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 29577 for FY 2027?

The two-bedroom FMR was unchanged at $1,420 in FY 2027. Since FY 2023 it has risen 24.6%.

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