Section 8 Fair Market Rent (FMR) for ZIP 29510 - 2027

Location: Williamsburg County, SC | Metro: Georgetown County, SC

Investment Score for ZIP 29510

Monthly Rent (2BR)

$1,090

Median Price (2BR)

$109,796

1% Rule

0.99%

Annual Yield

11.91%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$820
1 Bedroom	$830
2 Bedrooms	$1,090
3 Bedrooms	$1,300
4 Bedrooms	$1,750
5 Bedrooms	$2,030
6 Bedrooms	$2,274
7 Bedrooms	$2,456
8 Bedrooms	$2,579

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,090	$109,796	0.99%	C
3BR	$1,300	$185,713	0.7%	D
4BR	$1,750	$261,774	0.67%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

10,545

Median Household Income

$55,058

Housing Units

4,630

Renter Percentage

23.1%

Occupancy Rate

84.3%

Renter Occupied

901

Andrews, SC, located in the heart of Florence County, offers a stable real estate market for both landlords and small-portfolio investors. The area's demographics and rental trends provide a solid foundation for property investment, with clear indicators of demand and affordability.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $1,080.
The average market rent for properties in Andrews, based on Census ACS data, is $790, suggesting there is room for growth towards the FMR.
The median home value in Andrews is $151,954, indicating that the area is affordable for potential buyers and renters alike.
Renters make up 23.1% of the population, showing a significant portion of the community relies on rental housing, which can be a reliable indicator of ongoing demand.
The median household income in Andrews is $55,058, providing insight into the economic health of the area and the ability of residents to pay higher rents as they approach the FMR levels.

Synthesizing these points, Andrews presents a balanced opportunity for investors. With market rents below the FMR, there is potential for rental price increases without significantly outpacing the local median income. The relatively low median home value suggests that Andrews remains a buyer-friendly market, making it feasible to acquire properties at reasonable costs. However, the moderate renter share indicates that while demand exists, it may not be as high as in areas with larger percentages of renters. Overall, Andrews is a conservative investment option, suitable for those looking to enter a stable market with gradual growth potential.

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.