Section 8 Fair Market Rent (FMR) for ZIP 29532 - 2027

Location: Darlington County, SC | Metro: Darlington County, SC HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$870
1 Bedroom	$880
2 Bedrooms	$1,100
3 Bedrooms	$1,310
4 Bedrooms	$1,530
5 Bedrooms	$1,775
6 Bedrooms	$1,988
7 Bedrooms	$2,147
8 Bedrooms	$2,254

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

19,857

Median Household Income

$44,482

Housing Units

9,380

Renter Percentage

35.7%

Occupancy Rate

87.7%

Renter Occupied

2,935

Housing Authorities Serving ZIP 29532

HOUSING AUTHORITY OF HARTSVILLE (Hartsville, SC) - 214 Section 8 vouchers
HOUSING AUTHORITY OF DARLINGTON (Darlington, SC) - 97 Section 8 vouchers

Darlington, SC, located in the heart of South Carolina's Pee Dee region, is a community that offers a blend of rural charm and suburban convenience. The area is known for its strong sense of community and affordable living conditions, making it attractive for both residents and investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in Darlington for fiscal year 2024 is set at $970, providing a benchmark for rental pricing.
The average market rent for the same type of unit, according to the Census Bureau's American Community Survey, is $891, indicating a slightly lower actual rent compared to the FMR.
The median home value in Darlington is $152,400, which reflects the overall affordability of the housing market.
Renters make up 35.7% of the population, suggesting a significant demand for rental properties.
The median income in the area is $44,482, which influences the ability of residents to afford higher rents and property values.
The Days on Market (DOM) for listings is not available, which could imply either a robust local real estate market where homes sell quickly, or a lack of comprehensive data on recent sales activity.

The data points indicate that while there is a notable demand for rental properties, the actual market rents are somewhat below the FMR, which may present opportunities for investors to offer quality rentals at competitive prices. The median home value suggests that the area is generally affordable, potentially attracting first-time buyers and renters alike. However, the median income being relatively low might limit the upward potential for rental rates and property appreciation. Overall, Darlington presents a stable investment opportunity for those looking to enter a market with a strong rental base and reasonable property values.

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.