Section 8 Fair Market Rent (FMR) for ZIP 29113 - 2027

Location: Orangeburg County, SC | Metro: Orangeburg County, SC

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$810
2 Bedrooms	$980
3 Bedrooms	$1,170
4 Bedrooms	$1,290
5 Bedrooms	$1,496
6 Bedrooms	$1,676
7 Bedrooms	$1,810
8 Bedrooms	$1,901

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,875

Median Household Income

$48,857

Housing Units

806

Renter Percentage

15.4%

Occupancy Rate

75.9%

Renter Occupied

The ZIP code 29113 is located in Norway, South Carolina, and falls within Orangeburg County. The following points highlight key aspects of the local real estate market relevant to Section 8 landlords and small-portfolio investors.

Fair Market Rent: The Fair Market Rent (FMR) for ZIP 29113 is set at $970 for the fiscal year 2026, reflecting the federal guideline for rental costs in the area.
Market Rent: According to the Census Bureau's American Community Survey (ACS), the average market rent for ZIP 29113 is $931, slightly below the FMR but still indicative of the current demand for rentals.
Renter Share: Renters make up 15.4% of the total population in ZIP 29113, suggesting a moderate reliance on rental housing.
Median Income: The median household income in ZIP 29113 is $48,857, which provides insight into the financial capabilities of potential tenants.
Housing Values: The median home value in ZIP 29113 is notably low at $84,200, indicating that the area has relatively affordable housing options.
Days on Market (DOM): Specific data on DOM for ZIP 29113 was not available, but it is crucial for landlords to monitor local real estate trends to ensure competitive listing times.

In summary, ZIP 29113 presents a modest real estate market with a fair balance between rental demand and property values. The low median home value suggests that the area is less expensive compared to broader state averages, while the FMR and market rent figures provide a benchmark for setting rental prices. With a median income of $48,857, landlords should focus on offering affordable yet quality rental units to attract tenants. Given the moderate renter share, landlords might also consider diversifying their investment portfolio to include both rental and owner-occupied properties.

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.