Location: Lee County, SC | Metro: Kershaw County, SC HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,100 | $152,853 | 0.72% | D |
U.S. Census Bureau data (2024)
The market dynamics in ZIP code 29010 reveal a snapshot where rental properties are central to the housing landscape. With a Fair Market Rent (FMR) set at $990 for the fiscal year 2024, landlords and small-portfolio investors can expect a benchmark that guides pricing strategies. The actual market rent, reported at $819 by the Census American Community Survey, indicates that there is a gap between the FMR and what tenants are currently paying, suggesting potential upward pressure on rents.
A significant portion of the population, 34.7%, are renters. This high percentage implies ongoing long-term housing pressure, as a substantial number of residents rely on rental properties rather than owning homes. It also signals that the area may be attractive to those seeking affordable housing options, given the relatively lower market rent compared to the FMR.
The median home value in ZIP 29010 stands at $127,343. This figure is indicative of an affordable market for homeownership, but it also points to a scenario where investment in rental properties could yield competitive returns, especially considering the high renter share.
While specific data on the percentage of price-cut share and days on market (DOM) are not available, the disparity between the FMR and market rent suggests that demand might be slightly outpacing supply, pushing landlords to consider maintaining or slightly increasing their rental rates to align with the FMR. The high renter share further supports this notion, indicating a robust need for rental units that could sustain or even increase rental prices over time.
In summary, ZIP 29010 presents a market where rental properties are crucial, and the current conditions suggest a balance that leans towards demand driving the market. Landlords and small-portfolio investors should be aware of these dynamics and adjust their strategies accordingly to capitalize on the existing market pressures.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.