Location: Dillon County, SC | Metro: Dillon 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 | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,230 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,230 | $163,784 | 0.75% | D |
U.S. Census Bureau data (2024)
A household in ZIP code 29536, with a median income of $46,120, faces significant challenges in affording the market rate rent of $669 per month, according to Census ACS data. This discrepancy highlights an affordability gap where the average renter's income is insufficient to cover the typical rental costs without financial strain.
Comparatively, the Fair Market Rent (FMR) set at $900 for metro areas in fiscal year 2026 represents a higher benchmark. This means that landlords relying solely on market rates may struggle to find tenants who can pay $669 without assistance, given the income levels in the area. The FMR, however, provides a more realistic target for renter affordability when considering government assistance programs like Section 8 vouchers.
In ZIP 29536, where 37.0% of the 14,907 residents are renters, the competition among landlords is intense. Many properties are likely priced around the market rate, making it difficult for landlords to attract and retain tenants. The affordability gap suggests that many potential renters would need some form of subsidy to meet their housing needs, indicating a reliance on government support programs.
The takeaway for landlords is clear: accepting Section 8 vouchers can be a strategic advantage. While the voucher payment standard is higher at $900, it ensures a steady stream of income and reduces the risk of vacancies. Landlords who adapt to this reality by preparing their properties for voucher eligibility will likely have a competitive edge over those who do not. This strategy aligns with the economic conditions of the area and the financial capabilities of its residents.
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.