Location: Marion County, SC | Metro: Marion County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The ZIP code 29519 stands out due to its uniquely low number of residents—only 99 individuals—making it one of the smallest communities in terms of population size. Despite its small size, 59.7% of these residents rent their homes, indicating a significant portion of the population relies on rental housing. The median income in this area is notably low at $13,777, which is well below the national average and suggests a community that heavily depends on financial assistance programs such as Section 8.
The median home value data is not available, but the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900. This figure represents the maximum amount that a landlord can receive from the Section 8 program for a unit in this ZIP code. Given the absence of market rent data, it's challenging to directly compare the FMR to local rental rates; however, the low median income implies that many residents would struggle to afford even modest rents without assistance.
In terms of voucher economics, landlords in ZIP 29519 should be aware that the demand for subsidized housing is high, with nearly 60% of the population being renters. This creates an opportunity for landlords to fill a critical need in the community, though the low median income may limit the pool of eligible tenants who can afford additional costs beyond the voucher amount. For small-portfolio investors, this ZIP code could present a niche market where consistent, government-backed rental income is assured through the Section 8 program.
The data signature for ZIP 29519 reads as "transitional." With a small population and significant reliance on rental assistance, the community is likely experiencing changes driven by economic conditions and possibly shifts in federal funding policies. Landlords and investors should closely monitor trends in both local and federal housing assistance programs to anticipate any changes that might impact the stability of their tenant base and rental income.
Data Sources: FMR data from HUD (2027). 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.