Section 8 Fair Market Rent (FMR) for ZIP 29530 - 2027

Location: Florence, SC | Metro: Florence, SC HUD Metro FMR Area

Investment Score for ZIP 29530

N/A

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$860
1 Bedroom	$860
2 Bedrooms	$1,010
3 Bedrooms	$1,300
4 Bedrooms	$1,430
5 Bedrooms	$1,659
6 Bedrooms	$1,858
7 Bedrooms	$2,007
8 Bedrooms	$2,107

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,300	$171,817	0.76%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,641

Median Household Income

$44,012

Housing Units

1,258

Renter Percentage

40.1%

Occupancy Rate

73.9%

Renter Occupied

373

The ZIP code 29530, located in the heart of South Carolina, offers a stable and growing rental market for landlords and small-portfolio investors. With a mix of suburban and rural characteristics, it provides a balanced environment for both residents and property owners.

The Fair Market Rent (FMR) for a one-bedroom apartment in ZIP 29530 for fiscal year 2024 is set at $910, providing a benchmark for rental pricing.
The average market rent, according to the latest Census American Community Survey (ACS), is $892, indicating that properties are currently priced slightly below the FMR, which could present opportunities for increasing rents.
The median home value in the area is $157,274, reflecting a modest but affordable housing market for potential homeowners.
Renters make up 40.1% of the population, suggesting a significant demand for rental properties and a diverse tenant pool.
The median income of residents in ZIP 29530 is $44,012, which aligns well with the rental prices and indicates that most tenants can afford their monthly payments.

Investors in ZIP 29530 can expect a market where rental properties are valued just below the FMR, allowing for potential rent increases without pricing out the majority of tenants. The significant renter share and median income levels suggest a steady demand for rental units, making this area a reliable choice for those looking to invest in real estate. The median home value also points to an affordable market, which can attract a variety of buyers and renters, further stabilizing the local economy and property values.

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.