Location: Kershaw County, SC | Metro: Kershaw County, SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
73,801 landlords and small-portfolio investors in ZIP 29175 should note that the median income stands at $73,801, which is significantly lower than the Fair Market Rent (FMR) of $980 for the fiscal year 2024. This disparity highlights a challenge for potential tenants to afford market rents without assistance. 184,309 further complicates matters as the median home value is $184,309, indicating that homeownership is more common than renting in this area. 0.0% confirms that there is no recorded renter share in the dataset, reinforcing the trend towards homeownership over renting. N/A suggests that market rent data is unavailable, which could imply that rental properties are less prevalent or that the market is not well-documented. N/A also applies to the days on market (DOM) and the percentage of price-cut share, both of which are missing from the dataset. These gaps indicate a lack of comprehensive rental market data, making it difficult to assess typical rental property performance metrics. However, given the low median income relative to the FMR, Section 8 housing can play a crucial role in providing affordable options for tenants. Landlords in ZIP 29175 can leverage the guaranteed $980 FMR to ensure steady rental income despite the limited rental market. In conclusion, while the rental market data is sparse, the low renter share and high FMR make Section 8 a viable and necessary option for maintaining occupancy rates and financial stability in this predominantly homeowner-focused area.
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.