Location: Clarendon County, SC | Metro: Florence, 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 | $840 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $138,271 | 0.93% | C |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 29114 in Clarendon County, SC, reveals several key points regarding the financial viability of renting properties to voucher tenants. The Fair Market Rent (FMR) as defined by HUD for this area in fiscal year 2024 is set at $1110. In contrast, the market rent based on Census ACS data is $852. This indicates that voucher tenants can provide positive cash flow to landlords, given that the FMR exceeds the current market rent.
To further understand the investment potential, consider the median home value in ZIP 29114, which stands at $124,123. Using this figure, we can derive a rent-to-price ratio. With an average monthly rent of $852, the annual rent would be approximately $10,224. Dividing the annual rent by the median home value yields a rent-to-price ratio of about 0.082, or 8.2%. This ratio suggests that rental income represents a significant portion of the property's value, making it attractive for investors seeking steady cash flow.
Note that the median Days on Market (DOM) and the percentage of homes that experienced price cuts are not available. However, these metrics typically do not have a direct impact on the cash flow from rental properties but can influence the broader rent-versus-buy dynamics. Given the positive cash flow potential from the disparity between FMR and market rent, the primary focus for investors should remain on the financial benefits of renting to voucher tenants.
In conclusion, the strongest angle for Section 8 investors in ZIP 29114 is cash flow. The significant difference between the HUD FMR and the actual market rent ensures a substantial positive cash flow when renting to voucher tenants, making this area highly favorable for such investments.
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.