Section 8 Fair Market Rent (FMR) for ZIP 29563 - 2027

Location: Dillon County, SC | Metro: Dillon County, SC

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,884

Median Household Income

$46,013

Housing Units

1,099

Renter Percentage

36.5%

Occupancy Rate

84.3%

Renter Occupied

338

ZIP code 29563, located within the Dillon County, SC metro area, exhibits characteristics that suggest it could be a value pocket for real estate investors. The Fair Market Rent (FMR) for the area is set at $900 for fiscal year 2026, which is notably higher than the actual market rent of $601. This discrepancy indicates that properties in 29563 may be undervalued compared to what federal guidelines consider fair, offering potential opportunities for rental income above market rates through Section 8 participation.

Renter Share: With a renter share of 36.5%, ZIP 29563 has a higher proportion of renters than the typical Dillon County ZIP, which could make it attractive for landlords looking to capitalize on rental demand.
Home Values: The median home value in 29563 stands at $149,273, which is below the average home value in the county. This lower home value combined with a high renter share suggests that 29563 might be particularly appealing for Section 8 tenants who often seek affordable housing options.

The FMR being significantly higher than the market rent points towards an opportunity for landlords to benefit from the subsidy without overpricing their units. Additionally, the below-average home values in 29563 relative to Dillon County suggest that it may attract more low-income renters, aligning well with the target demographic for Section 8 housing assistance.

Given these figures, ZIP 29563 appears to be a value pocket within its metro area, offering a combination of affordability and potential for higher rental income through Section 8 subsidies. This makes it a strategic choice for landlords and small-portfolio investors looking to maximize returns while serving a population in need of affordable housing.

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.