Section 8 Fair Market Rent (FMR) for ZIP 29018 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,020
1 Bedroom	$1,060
2 Bedrooms	$1,170
3 Bedrooms	$1,460
4 Bedrooms	$1,770
5 Bedrooms	$2,053
6 Bedrooms	$2,299
7 Bedrooms	$2,483
8 Bedrooms	$2,607

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the data provided, ZIP 29018 in Orangeburg County, SC, can serve as a **cash-flow anchor** within a Section 8 portfolio strategy. This designation is due to the substantial spread between the Fair Market Rent (FMR) of $1380 for FY 2024 and the current market rent of $745. Given the median home value of $138,272, the potential for positive cash flow is evident when considering the lower market rents against the higher FMR rates supported by Section 8 vouchers.

The median home value in ZIP 29018 is significantly below the national average, making it an attractive option for investors looking to purchase properties at a lower cost. With the median home value at $138,272, the acquisition cost is manageable, allowing for a reasonable return on investment through rental income.

Moreover, the median income in the area is $49,167, which aligns well with the Section 8 program's target demographic. The 21.6% renter share indicates a steady demand for rental properties, ensuring a consistent stream of tenants who qualify for the Section 8 program.

Despite the lack of specific data regarding price-cut share and days on market (DOM), the significant disparity between the FMR and market rent suggests that properties in ZIP 29018 will generate positive cash flow. Landlords and small-portfolio investors should focus on acquiring properties that can be rented out at or near the FMR rate to maximize their returns.

In summary, ZIP 29018 is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The combination of low median home values and a high spread between FMR and market rent provides a solid foundation for generating reliable rental income. Investors should leverage this opportunity to secure properties that offer strong financial performance within the parameters of the Section 8 program.

Data Sources: FMR data from HUD (2027). 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.