Location: Williamsburg County, SC | Metro: Williamsburg County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,110 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The analysis for Section 8 properties in ZIP code 29564 reveals a significant opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900, while the current market rent based on Census ACS data stands at $771. This creates a gap of $129, or approximately 14.3%, between what voucher holders can pay and the prevailing market rate.
Given that the FMR exceeds the market rent, it becomes evident that properties in this ZIP code are well-suited for a yield play strategy. Landlords can leverage the higher FMR to secure rental incomes that surpass the local average, thereby increasing their cash flow and investment returns. For instance, a property owner could expect to receive $900 per month from a voucher tenant, compared to the typical $771 from a non-voucher tenant, resulting in a consistent premium income.
In ZIP 29564, where 23.6% of residents are renters and the median home value is $98,116, the financial landscape supports this approach. With a median income of $40,000, many residents likely qualify for assistance through the Housing Choice Voucher program. Therefore, accepting Section 8 tenants not only aligns with the demographic realities but also offers a tangible financial advantage over renting to open-market tenants at lower rates.
To summarize, the discrepancy between the FMR and market rent in ZIP 29564 presents a clear path for landlords to enhance their yields. By renting to voucher tenants at $900 per month, they can benefit from an additional $129 monthly compared to the average market rent. This strategy maximizes profits given the local economic conditions and tenant demographics.
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.