Location: Colleton County, SC | Metro: Bamberg County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,150 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The potential risks for Section 8 landlords in ZIP code 29082 include significant tenant turnover due to the gap between the market rent of $1,092 and the Fair Market Rent (FMR) of $990 for fiscal year 2026, which is based on the metropolitan area. This discrepancy can lead to higher costs associated with frequent move-ins and move-outs, such as cleaning and maintenance fees.
Vacancy exposure is another concern, although the exact number of days on the market (DOM) is not available. Given the high renter share of 19.5%, there is a strong likelihood that properties will remain occupied, but it's important to be prepared for occasional vacancies that can occur despite the demand.
Deferred maintenance is also a risk factor. With a typical home value of $215,301 and a median income of $42,833, residents might struggle to afford timely repairs and upgrades, leading to potential long-term maintenance issues that could affect property value and rental income.
However, these risks must be weighed against the high renter density in the area, which often translates into a robust demand for housing vouchers. The 19.5% renter share indicates a substantial portion of the population relies on rental housing, creating a steady pool of Section 8 tenants.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP code 29082 is moderate.
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.