Location: Marlboro County, SC | Metro: Marlboro 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 | $670 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,050 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,050 | $148,561 | 0.71% | D |
U.S. Census Bureau data (2024)
The Section 8 program in ZIP code 29512 offers a stable income source for landlords and small-portfolio investors looking to enter this market. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900. This figure represents the payment standard for Section 8 participants, meaning that the government will pay up to $900 per month towards the rent of eligible tenants. However, it's important to note that this is not the actual rent you would charge your tenant.
In contrast, the average rent in ZIP 29512 is $689 according to the Census American Community Survey. This indicates that the FMR of $900 is higher than the typical rent, providing an opportunity for landlords to potentially earn more than the average market rate while still ensuring affordability for tenants.
The demand for rentals in this area is strong, with 40.3% of residents being renters. This high percentage suggests that there are plenty of potential tenants who might be interested in Section 8 housing. Additionally, the median household income in ZIP 29512 is $81,101, which can help you gauge the local economy and determine whether it makes sense to acquire a property here.
Before committing to a Section 8 rental property in ZIP 29512, it is crucial to verify that the property meets all the necessary inspection criteria set by the housing authority. This includes ensuring that the property is safe, decent, and sanitary, with no violations of health and safety codes. This step is non-negotiable and ensures compliance with federal standards.
In summary, the FMR of $900 provides a benchmark for the government subsidy, while the local average rent of $689 gives insight into the market. With a significant 40.3% of residents renting and a median income of $81,101, there is both demand and economic stability to support your investment. Just ensure your property passes the required inspections to avoid any complications once you join the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.