Housing market/South Carolina/ZIP 29406
ZIP 29406 Charleston, South Carolina
Charleston-North Charleston, SC MSA · South Carolina. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 29406 · SC — sent to you.
ZIP 29406 · SC
ACS rent vs 2BR SAFMR
ZIP 29406 — Charleston, SC HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 29406
- 1-unit detached5,67739.0%
- 1-unit attached8605.9%
- 2–4 units1,0957.5%
- 5–49 units4,38330.1%
- 50+ units6604.5%
- Mobile1,86712.8%
2–4 unit share 7.5% · 5–49 unit share 30.1% · combined 2–49 37.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,305 (all bedrooms, occupied rentals).
- Median contract rent $1,115.
- Renters paying ≥30% of income 52.4%; ≥50% 23.5%.
- FY2027 2BR SAFMR $1,750 (1.341× ACS median gross rent).
Population
32,482 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -4.4%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 7 projects, 471 units.
- HUD project-based assisted MF: 4 properties, 480 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 842 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 29406 58.2% of occupied households are renters; vacancy is 10.9%; ACS median gross rent is $1,305; population changed -4.4% between the 2018 and 2023 ACS vintages; the housing stock includes 1,095 units in 2–4-unit structures and 4,383 units in 5–49-unit structures; 7 LIHTC projects totaling 471 units; FY2027 2BR SAFMR is $1,750 versus ACS median gross rent of $1,305. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
South Carolina research
ZIP 29406 is a Census / HUD profile for Charleston-North Charleston, SC. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 29406 — Charleston, SC HUD Section 8 Payment Standards / SAFMR·South Carolina ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is South Carolina research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 29406?
ZIP 29406 (Charleston-North Charleston, SC MSA) has 32,482 residents, 12,960 households, a renter share of 58.2%, median household income of $50,640, and ACS 2023 median gross rent of $1,305. Vacancy is 10.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 29406?
ACS counts 238 units in 2-unit buildings, 857 in 3–4 unit buildings, 2,094 in 5–9, 1,375 in 10–19, and 914 in 20–49. Combined 2–49 unit stock is 5,478 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 29406?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,750. See the full schedule and 90–110% payment-standard band on the ZIP 29406 — Charleston, SC HUD Section 8 Payment Standards / SAFMR.
Does this South Carolina ZIP profile include Georgia listings?
No. ZIP 29406 is Census / HUD research for Charleston-North Charleston, SC MSA. Jeff Crowe CRE does not list South Carolina property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.