Location: Columbia, SC | Metro: Columbia, 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 | $1,080 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,340 | $166,770 | 0.8% | C |
| 3BR | $1,690 | $293,037 | 0.58% | F |
| 4BR | $1,920 | $368,664 | 0.52% | F |
| 5BR | $2,227 | $459,386 | 0.48% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 29016, Blythewood, SC, for fiscal year 2024 is set at $1,430. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It is important to note that this is not the amount tenants will pay; it is the maximum amount the government will reimburse you for renting out your property under the program.
In contrast, the typical market rent for a similar property in Blythewood is $2,428, according to the Zip Oracle Rental Index (ZORI). This indicates that properties outside of the Section 8 program can command higher rents, reflecting the broader housing market conditions.
The 16.9% renter share suggests that there is a significant demand for affordable housing in the area. For every 100 residents, nearly 17 are likely to be renters seeking assistance through programs like Section 8. This demand can translate into a steady stream of potential tenants who qualify for the voucher program.
When considering the acquisition cost of a property in Blythewood, the median price stands at $344,682. This is a substantial investment, and participating in the Section 8 program can help ensure a consistent income stream, though it may not match the higher rents available in the open market.
Before making a decision to participate in Section 8 with your rental property, verify that your property meets all the required standards for habitability and safety. This includes ensuring that the unit passes regular inspections and complies with local housing codes. This step is crucial to avoid any penalties or disruptions in your participation in the program.
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.