Location: Darlington County, SC | Metro: Darlington County, SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
The classification of ZIP code 29551 in Unknown, SC, on the axes of yield and stability requires a detailed analysis based on available data. The primary figure we have is the Fair Market Rent (FMR), which is set at $960 for fiscal year 2024. This FMR is a key indicator of rental pricing supported by federal housing assistance programs.
Unfortunately, specific market rent and median home value data for ZIP 29551 are not available. However, the absence of these figures does not preclude us from making an assessment based on the FMR and other contextual information. Without comparative market rent data, we cannot definitively state whether the FMR represents a high-yield scenario. Typically, if the FMR exceeds the market rent, it could indicate a higher potential yield for landlords participating in the Section 8 program.
Regarding stability, there is a lack of critical data such as the percentage of renters, average days on market (DOM), and median household income. These metrics are crucial for understanding the financial health and predictability of rental markets. In their absence, it's challenging to provide a precise classification on the stability axis.
Given the limited data, ZIP 29551 can be considered a middle-ground investment opportunity. It offers a defined rental price through the FMR, but without additional market specifics, it's difficult to ascertain if this translates into a high-yield environment. Similarly, the stability of the area remains uncertain due to the missing data points that would typically inform decisions about the reliability of cash flow and the overall economic condition of the area.
To make a more informed decision, further research into local market conditions, including direct inquiries into real estate agents or local government bodies for the missing statistics, is recommended. Once these details are obtained, a clearer picture will emerge regarding both the yield potential and stability of the market in ZIP 29551.
Data Sources: FMR data from HUD (2027).
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.