Section 8 Fair Market Rent (FMR) for ZIP 29207 - 2027

Location: Columbia, SC | Metro: Columbia, SC HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,040
1 Bedroom	$1,160
2 Bedrooms	$1,270
3 Bedrooms	$1,600
4 Bedrooms	$1,840
5 Bedrooms	$2,134
6 Bedrooms	$2,390
7 Bedrooms	$2,581
8 Bedrooms	$2,710

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

8,012

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

N/A

Renter Occupied

The ZIP code 29207, located in Charleston, South Carolina, is a prime area for real estate investment, particularly for those interested in the rental market. The historical charm and proximity to downtown Charleston make it a desirable location for both short-term and long-term renters.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 29207 for fiscal year 2024 is set at $1320, providing a benchmark for rental pricing.
Market rent data is currently unavailable for this specific area, but given the high demand for rentals, it's reasonable to assume that actual rents could be competitive with or slightly above the FMR.
The median home value in ZIP 29207 is also not available, which suggests that the area might be dominated by rental properties rather than owner-occupied homes.
Renter share data is missing, but considering the popularity of the area among students and young professionals, the rental market likely plays a significant role in the housing landscape.
The days on market (DOM) for rental listings is currently unreported, indicating either a robust market where properties lease quickly or a lack of comprehensive data.
Median household income data is unavailable for ZIP 29207, but given its urban setting and the presence of institutions like the College of Charleston, incomes are expected to be diverse and potentially higher than the national average.

Investors should note that while specific metrics like market rent and median home values are currently unavailable, the strong demand for rental properties in ZIP 29207, supported by the FMR of $1320 for a two-bedroom unit, suggests a viable opportunity. The area's appeal to a variety of tenants, including students and young professionals, further bolsters its potential as a profitable rental market. However, the absence of key data points such as renter share and median income highlights the need for thorough local research before making investment decisions.

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.