Location: Williamsburg County, SC | Metro: Clarendon County, SC
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 | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $128,529 | 1.01% | B |
U.S. Census Bureau data (2024)
ZIP 29056, located in Williamsburg County, SC, serves as a solid cash-flow anchor within a Section 8 portfolio strategy. The key indicator for this classification is the favorable spread between the Fair Market Rent (FMR) set by the Department of Housing and Urban Development (HUD) and the local market rent.
In fiscal year 2024, the FMR for ZIP 29056 is set at $930. This figure is lower than the market rent of $962, creating a positive spread that benefits landlords participating in the Section 8 program. The FMR provides a guaranteed payment floor, ensuring steady cash flow even if market rents fluctuate. Landlords can charge slightly above the FMR but must remain competitive with the market rate to attract tenants.
The median home value in ZIP 29056 stands at $123,408, which is relatively low compared to many other areas in the United States. This makes property acquisition and maintenance costs more manageable for investors, enhancing the overall profitability of the investment.
While ZIP 29056 does not present an immediate opportunity for rapid appreciation, given the lack of significant price-cut shares and days on market (DOM), it remains a stable choice for long-term cash flow generation. The absence of these metrics suggests that the real estate market in this area is neither overheated nor experiencing a downturn that would necessitate aggressive price adjustments or extended listing periods.
The 28.4% renter share indicates a moderate demand for rental properties, balancing the risk of vacancy against the need for diverse income sources. With a median income of $47,031, the population has sufficient financial stability to support rental payments, further reinforcing the cash-flow anchor role of this ZIP code.
To summarize, ZIP 29056 is best suited as a cash-flow anchor due to its manageable property values, the positive spread between FMR and market rent, and the stable median income level of its residents. These factors ensure reliable and consistent returns for landlords and small-portfolio investors.
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.