Location: Lee County, SC | Metro: Kershaw County, SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
U.S. Census Bureau data (2024)
ZIP code 29128 in Lee County, SC, presents a unique profile within its metro area. With a Fair Market Rent (FMR) of $1020 for fiscal year 2024, it slightly undercuts the market rent of $1,082. This indicates that the area is somewhat affordable compared to the broader county average.
The median home value in ZIP 29128 stands at $148,541, which is below the typical home values in Lee County. This suggests that the area could be considered a value pocket for both buyers and investors looking to enter the market at a lower price point.
A significant portion of the population in 29128 rents their homes, with a 27.8% renter share. This figure is higher than the average renter share in Lee County, making it an attractive location for landlords who want to tap into a larger pool of potential tenants.
The combination of a below-average home value and a higher-than-average renter share points towards a possible concentration of rental assistance programs such as Section 8. Landlords in this ZIP code might benefit from a steady stream of tenants eligible for rental subsidies, ensuring consistent occupancy rates and stable cash flows.
In summary, ZIP 29128 appears to be a value pocket within the Lee County metro, offering below-average home values and a higher renter share. These characteristics make it particularly appealing for landlords and small-portfolio investors seeking to maximize their returns on investment through rental subsidies and a robust tenant base.
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.