Location: Newberry County, SC | Metro: Newberry County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,110 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The ZIP code 29108, located in Newberry, SC, is a cash-flow anchor for a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,010, which is significantly lower than the market rent of $1,175. This creates a spread of $165 per month that can be leveraged to ensure positive cash flow.
The median home value in ZIP 29108 is $170,131, making it an affordable area for Section 8 vouchers. Landlords and small-portfolio investors should focus on properties that can command the higher market rent while still qualifying for the lower FMR. This strategy allows investors to secure a steady income stream without the risk of significant rent fluctuations.
A cash-flow anchor is crucial for balancing out the risks associated with other parts of a real estate investment portfolio. While ZIP 29108 may not offer high appreciation potential, given its 0.2% price-cut share and limited days on market (DOM) data, it provides a stable base for generating consistent rental income. With a median income of $53,558 and a 37.9% renter share, there is sufficient demand for rental units, particularly those that align with Section 8 guidelines.
In conclusion, ZIP 29108 is best suited as a cash-flow anchor in a Section 8 portfolio strategy. It offers a reliable source of income due to the difference between the FMR and market rent, while also providing a stable investment environment with minimal appreciation risk.
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.