ZIP 29466 begins with a market-measure tension: asking-rent growth has cooled while the supplied resale series shows price appreciation. In June 2026, Zillow ZORI is $2,708 per month, up 0.87% from a year earlier. ZORI is a typical observed asking-rent index blended across rental types, so it is not a quoted rent for a particular home or an inventory count. The five-digit label 29466 is both Zillow’s ZIP market identifier and the matched Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. The current rent reading is therefore a useful benchmark, but its source scope and rental mix set limits on property-level interpretation.
The backward-looking rent record makes the cooling label material. Exact same-month ZORI changes annualize to 0.87% over one year, 2.99% over three years, and 6.25% over five years. The newest pace breaks from, rather than confirms, the stronger longer path. Annualized monthly-return variability was 2.59%, maximum drawdown reached -3.29%, and history coverage was 99.25%, making the series relatively continuous. Those measures provide more confidence that the present index is not simply a documented erratic monthly print; they do not establish future direction. Transparent national discovery ranks among history-eligible ZIPs were 1,576 for momentum, 861 for stability, and 1,189 for the balanced measure, where lower ranks are higher. These are descriptive discovery ranks, not forecasts or investment recommendations.
Bedroom figures require a different reading from observed rents. The modelled ZIP estimates, created by scaling ZORI through the local HUD ladder, are $2,356 for a studio, $2,473 for one bedroom, $2,708 for two bedrooms, $3,369 for three bedrooms, and $3,881 for four bedrooms. They are modelled estimates, never measured bedroom rents. HUD’s FY2026 two-bedroom FMR/SAFMR standard in the supplied local ladder is $2,540, placing ZIP ZORI 6.61% above that administrative standard. HUD FMR/SAFMR is a bedroom-specific program standard, not asking rent; its role here is the scaling ladder, not evidence that a particular two-bedroom is leased at either amount. The middle model coincides with the all-rental-type index because of calibration, not because Zillow measured a two-bedroom subset.
The ACS comparison supplies household context but changes the evidence universe. In the ACS 2024 five-year ZCTA survey, median gross rent is $2,380, with a $413 margin of error, for occupied renter homes and includes selected utilities; it is 13.78% below the ZORI reading. It is a five-year survey measure, not a current asking-rent series, and has sampling uncertainty. A mechanical 30% screen on the monthly ZORI implies $108,320 in annual income, versus a ZCTA median household income of $133,357. That calculation is arithmetic, not advice and not an applicant qualification rule; it also does not identify renter income for an individual lease. The survey estimates that 62.0% of renter households pay at least 30% of income toward gross rent, an area burden statistic that cannot prove burden at a particular unit.
Housing composition helps delimit how broadly these measures can be generalized. The ACS ZCTA contains 18,639 housing units; single-family houses make up most of the recorded stock, while large multifamily buildings are a smaller component. Renter-occupied homes represent 15.26% of occupied units, while the overall vacancy rate is 7.29%. The same survey places 317 vacant units in the “for rent” category, a classification rather than a live availability feed. Those facts describe an area-level stock and occupancy snapshot; they do not show the vacancy, tenant turnover, concession terms, or competitive set of any one building or house. In particular, a vacancy figure cannot establish availability or pricing pressure for a specific property.
Against the supplied wider rent context, the Mount Pleasant city-scope figure is about $2,425, the Charleston County-scope figure is $2,156, and the Charleston-North Charleston, SC metro-scope figure is $2,066; all are context, not replacement ZIP estimates. The ZIP index is above each of these broader aggregates, but the comparison does not reconcile differences in rental mix, geography, or timing. City, county, and metro figures should also remain separate from the ACS gross-rent survey and HUD administrative standard rather than being blended into a single purported true rent.
Resale evidence challenges any simple reading of slow rent growth as a broad price signal. At the supplied June-end endpoint, Redfin’s direct rolling-three-month ZIP for-sale observation reports a $844,809 median sold price, up 3.03% year over year, with 314 homes sold and 62 median days on market. It separately reports 316 inventory homes and 3.1 months of supply. Average sale-to-list was 98.39%, while 12.14% of homes sold above list. These are resale-liquidity and pricing signals, not rental transactions or rental comparables. Annualized ZORI divided by median sold price is 3.85%, a cross-source screening ratio only—not a cap rate, net return, expected return, or property yield. The rising resale price reading alongside the cooling rent history is the central tension: it challenges treating rent momentum or the income screen as a direct signal about resale outcomes.
No source in this packet reports a property’s executed lease, utility charges, condition, tenancy, operating costs, or sales negotiation. ZORI is an index; ACS summarizes survey respondents; HUD supplies an administrative standard; and Redfin aggregates ZIP resale observations. Concrete unresolved property-level checks are the current asking rents of genuinely comparable bedrooms, lease length, utility responsibility, availability and concessions, as well as the specific home’s listing terms, sold comparables, and transaction timing. The evidence is backward-looking where it has history and cross-source where it supplies the screening ratio, so it cannot settle those details. Does the property’s actual rental offering and resale record match the distinct definitions behind these area measures?
","findings":[{"body":"Zillow’s June 2026 ZIP asking-rent index rose only 0.87% year over year after materially faster three- and five-year annualized changes. Redfin’s direct ZIP resale series simultaneously showed a 3.03% price increase. The contrast is descriptive, not causal: rent momentum, affordability arithmetic, and resale prices belong to different measures and should not be converted into a forecast.","title":"Cooling rent path, firmer resale reading"},{"body":"The studio-to-four-bedroom amounts are modelled by applying the local HUD bedroom ladder to all-rental-type ZORI. They are not observed asking rents for bedroom segments. HUD FMR/SAFMR is a program standard and ACS gross rent is a survey measure with selected utilities, so neither substitutes for a current advertised rent.","title":"Bedroom amounts are scaled, not observed"},{"body":"The $108,320 income associated with a 30% ZORI screen is arithmetic based on the current index and not an eligibility test. The ACS burden share summarizes renter households over a five-year survey window, whereas the median household-income figure is broader ZCTA context. Neither statistic identifies the cash flow or burden of a particular renter or unit.","title":"Affordability and burden use different survey universes"},{"body":"The ZCTA has a limited renter-occupied share and a measured vacancy rate, while Redfin’s rolling resale observation reports sales, marketing time, supply, and sale-to-list behavior. Vacancy categories do not show live availability, and resale metrics do not create rental comparables. Property-specific terms and comparable listings remain unresolved.","title":"Stock, vacancy, and resale liquidity remain distinct"}],"risks":["The current Zillow index, ACS five-year survey, HUD fiscal-year standard, and rolling resale period do not observe the same homes, terms, utility treatment, or date window; combining them can overstate precision.","Bedroom values are scaled estimates based on a HUD ladder rather than measured ZIP rents by unit size, so actual advertised rents can differ materially by property, lease terms, and utility treatment.","The burden estimate and vacancy rate are ZCTA survey statistics with sampling uncertainty and classification limits; neither proves affordability, availability, turnover, or pricing for a particular property.","The rent-to-price figure omits operating expenses, financing, taxes, maintenance, vacancy experience, and property-specific rents; it is explicitly a cross-source screen rather than a return metric."],"qa":[{"a":"For ZIP 29466 in June 2026, ZORI is Zillow’s typical observed asking-rent index blended across rental types. It summarizes current asking-rent movement rather than signed leases. It does not measure a specific home, a particular bedroom category, selected utilities, vacancy, or the rent paid by an existing tenant.","q":"What exactly does Zillow ZORI represent in this ZIP?"},{"a":"ACS is a five-year survey of occupied renter homes in the matched ZCTA, and its median gross-rent measure includes selected utilities. Zillow is a current ZIP asking-rent index. The ZCTA is a statistical approximation rather than a USPS delivery ZIP, and differences in timing, sample universe, utilities, and rental mix mean the gap is not an error or direct rent change.","q":"Why do Zillow ZORI and ACS median gross rent differ?"},{"a":"No. Each amount is a modelled ZIP estimate generated by scaling all-rental-type ZORI with the local HUD bedroom ladder. HUD FMR/SAFMR is administrative and bedroom-specific, not asking rent. The estimates organize relative bedroom levels but cannot substitute for current comparable listings or a measured ZIP bedroom-rent series.","q":"Are the bedroom estimates direct measurements of local rents?"},{"a":"Redfin reports a rolling-three-month ZIP for-sale observation containing sold price, sales volume, marketing time, supply, and sale-to-list behavior, not rents. Comparing annualized ZORI with median sold price produces a deliberately limited cross-source screen. It excludes property costs and does not demonstrate a property’s income, return, or future resale outcome.","q":"How should the Redfin resale evidence be interpreted?"}],"sources":[{"key":"apartment_list_time_on_market","name":"Apartment List Time on Market — listing liquidity","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/category/data-rent-estimates"},{"key":"apartment_list_vacancy","name":"Apartment List Vacancy Index — rental vacancy","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/apartment-list-vacancy-index-methodology"},{"key":"census_zcta_facts","name":"Census ACS five-year — ZCTA housing and income","release":"ACS 2024 5-year ZCTA","pulledAt":"2026-08-08","url":"https://api.census.gov/data/2024/acs/acs5.html"},{"key":"hud_zip","name":"HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback","release":"ZIP-CBSA 2025Q4 + SAFMR 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rents","release":"Metro_zori_uc_sfrcondomfr_sm_sa_month.csv","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_city","name":"Zillow ZORI — city market rents","release":"zillow_zori_city.csv","pulledAt":"2026-07-29","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_zip","name":"Zillow ZORI — ZIP market rents","release":"ZORI ZIP 2026-06","pulledAt":"2026-08-08","url":"https://www.zillow.com/research/data/"}],"history":[{"period":"2015-05-01","rent":1536.32974},{"period":"2015-06-01","rent":1556.689579},{"period":"2015-07-01","rent":1576.025424},{"period":"2015-08-01","rent":1566.387059},{"period":"2015-09-01","rent":1543.302077},{"period":"2015-10-01","rent":1524.762637},{"period":"2015-11-01","rent":1524.117004},{"period":"2015-12-01","rent":1538.658658},{"period":"2016-01-01","rent":1541.151368},{"period":"2016-02-01","rent":1556.461454},{"period":"2016-03-01","rent":1562.911172},{"period":"2016-04-01","rent":1580.749388},{"period":"2016-05-01","rent":1566.247799},{"period":"2016-06-01","rent":1576.566211},{"period":"2016-07-01","rent":1578.566095},{"period":"2016-08-01","rent":1594.735628},{"period":"2016-09-01","rent":1588.706945},{"period":"2016-10-01","rent":1582.865821},{"period":"2016-11-01","rent":1580.45622},{"period":"2016-12-01","rent":1577.61121},{"period":"2017-01-01","rent":1591.384781},{"period":"2017-02-01","rent":1600.834888},{"period":"2017-03-01","rent":1615.230289},{"period":"2017-04-01","rent":1622.139192},{"period":"2017-05-01","rent":1631.0402},{"period":"2017-06-01","rent":1625.157662},{"period":"2017-07-01","rent":1616.421232},{"period":"2017-08-01","rent":1614.514829},{"period":"2017-09-01","rent":1648.771512},{"period":"2017-10-01","rent":1670.038494},{"period":"2017-11-01","rent":1689.118117},{"period":"2017-12-01","rent":1676.090519},{"period":"2018-01-01","rent":1676.73709},{"period":"2018-02-01","rent":1665.777425},{"period":"2018-03-01","rent":1657.755346},{"period":"2018-04-01","rent":1657.968183},{"period":"2018-05-01","rent":1663.970273},{"period":"2018-06-01","rent":1669.271264},{"period":"2018-07-01","rent":1681.790886},{"period":"2018-08-01","rent":1696.252678},{"period":"2018-09-01","rent":1696.558418},{"period":"2018-10-01","rent":1700.830855},{"period":"2018-11-01","rent":1689.720295},{"period":"2018-12-01","rent":1694.198495},{"period":"2019-01-01","rent":1700.25015},{"period":"2019-02-01","rent":1706.599885},{"period":"2019-03-01","rent":1712.277357},{"period":"2019-04-01","rent":1713.264478},{"period":"2019-05-01","rent":1714.979252},{"period":"2019-06-01","rent":1719.128801},{"period":"2019-07-01","rent":1720.819524},{"period":"2019-08-01","rent":1715.577641},{"period":"2019-09-01","rent":1708.249845},{"period":"2019-10-01","rent":1704.347201},{"period":"2019-11-01","rent":1711.965007},{"period":"2019-12-01","rent":1722.497482},{"period":"2020-01-01","rent":1722.112679},{"period":"2020-02-01","rent":1727.321549},{"period":"2020-03-01","rent":1731.656283},{"period":"2020-04-01","rent":1730.871542},{"period":"2020-05-01","rent":1718.54369},{"period":"2020-06-01","rent":1731.453754},{"period":"2020-07-01","rent":1733.469922},{"period":"2020-08-01","rent":1757.482567},{"period":"2020-09-01","rent":1770.351402},{"period":"2020-10-01","rent":1780.603628},{"period":"2020-11-01","rent":1786.640005},{"period":"2020-12-01","rent":1793.179895},{"period":"2021-01-01","rent":1802.672072},{"period":"2021-02-01","rent":1821.073123},{"period":"2021-04-01","rent":1955.746272},{"period":"2021-05-01","rent":2000.455896},{"period":"2021-06-01","rent":2000.109395},{"period":"2021-07-01","rent":2021.358421},{"period":"2021-08-01","rent":2046.022363},{"period":"2021-09-01","rent":2082.136626},{"period":"2021-10-01","rent":2110.852788},{"period":"2021-11-01","rent":2146.303386},{"period":"2021-12-01","rent":2170.448316},{"period":"2022-01-01","rent":2228.011999},{"period":"2022-02-01","rent":2257.072328},{"period":"2022-03-01","rent":2249.049378},{"period":"2022-04-01","rent":2255.18502},{"period":"2022-05-01","rent":2290.658595},{"period":"2022-06-01","rent":2335.599272},{"period":"2022-07-01","rent":2376.805077},{"period":"2022-08-01","rent":2396.700452},{"period":"2022-09-01","rent":2413.198144},{"period":"2022-10-01","rent":2408.741042},{"period":"2022-11-01","rent":2384.104634},{"period":"2022-12-01","rent":2398.196491},{"period":"2023-01-01","rent":2396.05834},{"period":"2023-02-01","rent":2416.035471},{"period":"2023-03-01","rent":2422.738705},{"period":"2023-04-01","rent":2443.207746},{"period":"2023-05-01","rent":2459.04201},{"period":"2023-06-01","rent":2478.799397},{"period":"2023-07-01","rent":2488.234581},{"period":"2023-08-01","rent":2493.043692},{"period":"2023-09-01","rent":2506.768704},{"period":"2023-10-01","rent":2522.124389},{"period":"2023-11-01","rent":2570.798342},{"period":"2023-12-01","rent":2592.978605},{"period":"2024-01-01","rent":2609.55973},{"period":"2024-02-01","rent":2589.636993},{"period":"2024-03-01","rent":2585.580714},{"period":"2024-04-01","rent":2579.562616},{"period":"2024-05-01","rent":2558.783082},{"period":"2024-06-01","rent":2549.367852},{"period":"2024-07-01","rent":2539.327024},{"period":"2024-08-01","rent":2563.583892},{"period":"2024-09-01","rent":2557.332782},{"period":"2024-10-01","rent":2584.777303},{"period":"2024-11-01","rent":2571.111915},{"period":"2024-12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