Location: Kershaw County, SC | Metro: Lancaster 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 | $800 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $276,952 | 0.45% | F |
U.S. Census Bureau data (2024)
ZIP 29058, located in Kershaw County, SC, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the significant spread between the Fair Market Rent (FMR) set by HUD for fiscal year 2024 and the current market rent levels.
The HUD FMR for a one-bedroom unit in ZIP 29058 for FY 2024 is $910. However, the current market rent for a similar unit is only $768. This $142 difference represents a guaranteed rental income above the market rate, which is a substantial advantage for landlords participating in the Section 8 program. The higher FMR ensures steady cash flow, even if market conditions fluctuate.
Additionally, the median home value in ZIP 29058 is $207,521. This figure indicates that while property values are relatively stable, there isn't a significant potential for rapid appreciation. The lack of rapid appreciation makes it less suitable as an investment for capital gains but perfect for ensuring reliable cash flow.
The ZIP code also has a 27.5% renter share, meaning nearly a quarter of the population rents their homes. With a median income of $52,383, many residents likely qualify for the Section 8 program, providing a consistent pool of tenants who can afford to live in the area through government assistance.
In summary, ZIP 29058 serves as a strong cash-flow anchor due to the favorable spread between FMR and market rent, making it an ideal location for landlords and small-portfolio investors seeking predictable and stable returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.