Location: Dillon County, SC | Metro: Dillon County, SC
| 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 |
U.S. Census Bureau data (2024)
The analysis for ZIP 29567 highlights a significant gap between the Fair Market Rent (FMR) set by HUD and the actual market rent reported by the Census ACS. Specifically, the FMR for the metro area in fiscal year 2026 is $900, whereas the market rent stands at $556. This represents a gap of $344, or 61.8%, indicating that the FMR is substantially higher than the current market rate.
This scenario presents an opportunity for landlords and small-portfolio investors. Voucher tenants under the Section 8 program can pay up to the FMR, which is $900 in this case, making it a yield play. Even though the market rent is lower, the government subsidy ensures that the landlord receives a higher payment, aligning with the FMR rather than the open-market rates. This means landlords can potentially earn more than what the local rental market would offer.
The ZIP code's demographics further support this analysis: 39.1% of residents are renters, and the median income is $30,893. Given these figures, many renters likely qualify for the Section 8 program, increasing the pool of potential tenants who can afford to pay the FMR.
In conclusion, the disparity between the FMR and the market rent in ZIP 29567 makes it a favorable environment for landlords willing to accept Section 8 vouchers. They can expect to receive payments closer to $900 per month, significantly above the current market rate of $556, thus enhancing their investment yields.
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.