Location: Colleton County, SC | Metro: Colleton County, SC
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 | $650 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,060 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,060 | $256,707 | 0.41% | F |
| 4BR | $1,330 | $309,253 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 29474 stands out due to its unique combination of demographic and economic factors. With a population of 1,420 residents, it has a rental rate of 23.1%, indicating a moderate demand for rental properties. The median income of $40,781 suggests that many residents rely on assistance such as Section 8 vouchers to afford housing. Additionally, the median home value of $237,703 reflects a relatively stable housing market.
In terms of voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900, which is significantly lower than the current market rent of $1,090 according to the Census American Community Survey (ACS). This discrepancy means that landlords accepting Section 8 vouchers in ZIP 29474 can expect to receive a subsidy that covers a substantial portion of the market rent, making it financially viable for them to participate in the program. However, it also implies that tenants might face challenges finding properties within their budget without assistance.
The data signature for ZIP 29474 reads as "stable." The relatively high median home value and moderate rental rate indicate a community where homeownership is common but rental properties still play a significant role. The difference between the FMR and market rent suggests that there is an ongoing need for affordable housing solutions, which Section 8 vouchers help address. Landlords and small-portfolio investors should consider these factors when deciding whether to accept Section 8 vouchers in their properties.
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.