Location: Union County, SC | Metro: Union 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 | $770 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $117,853 | 0.86% | C |
| 3BR | $1,300 | $196,071 | 0.66% | D |
| 4BR | $1,330 | $241,146 | 0.55% | F |
U.S. Census Bureau data (2024)
ZIP code 29379, located in Union, South Carolina, stands out due to its unique demographic and economic profile. With a population of 17,607 residents, it has a rental rate of 34.7%, indicating a significant portion of the community relies on leased properties. The median household income here is $40,879, which is relatively modest compared to the median home value of $134,984. This suggests that homeownership is more expensive relative to income, making rental options particularly attractive.
The voucher economics in Union, SC, are favorable for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, set at $1,040 for the fiscal year 2026, is notably higher than the current market rent of $811, based on Census ACS data. This means that landlords who accept Section 8 vouchers can expect to receive rents closer to the FMR, providing a financial cushion above typical market rates. Additionally, the higher FMR supports the potential for increased rental income, especially if the demand for subsidized housing continues to grow.
Evaluating the data signature of ZIP 29379, it appears stable rather than transitional. The established demographics and relatively high median home value suggest a settled community. While the rental rate indicates a substantial segment of the population is looking for affordable housing, the income levels and the disparity between FMR and market rent imply a steady environment for investment. Landlords should be aware of the opportunities presented by Section 8 vouchers, as they can help bridge the gap between market rents and what many residents can afford, ensuring a more consistent tenant base.
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.