Location: Union County, SC | Metro: Laurens County, 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 | $940 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $134,182 | 0.8% | D |
| 3BR | $1,300 | $225,474 | 0.58% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 29335, which encompasses Enoree, SC, within Spartanburg County, operate under specific financial guidelines. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2024 is set at $980. This SAFMR is established specifically for this ZIP code, meaning it reflects the rental rates unique to the Enoree area.
A landlord participating in the Section 8 program will receive payments from the Housing Choice Voucher program to cover the difference between the tenant's contribution and the total rent. Tenants are typically required to pay 30% of their adjusted income towards rent. For instance, if a tenant's monthly adjusted income is $1,600, they would contribute $480 towards the rent of a two-bedroom unit.
In addition to the tenant's payment, the voucher also includes an allowance for utilities. These allowances vary but are generally around $200-$300 per month for a two-bedroom unit. Therefore, the total reimbursement a landlord can expect from a voucher for a two-bedroom apartment might be calculated as follows:
Given the SAFMR of $980, there is a potential reimbursement gap where the landlord may not receive the full market rent. In this case, the gap for a landlord renting out a two-bedroom unit would be approximately $200-$300 per month, assuming the utility allowance is on the higher end of the range. This means landlords should consider whether the long-term stability of having a government-backed tenant justifies the lower monthly cash flow compared to the local market rent, which is currently unavailable due to lack of data.
To summarize, the typical reimbursement for a two-bedroom voucher in ZIP 29335 falls short of the SAFMR by about $200-$300, creating a surplus for tenants who benefit from the utility allowance and a fixed contribution toward rent, but leaving landlords with a smaller margin than the market rent might otherwise provide.
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.