Location: Williamsburg County, SC | Metro: Williamsburg 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 | $670 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $900 |
| 3 Bedrooms | $1,110 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,110 | $121,538 | 0.91% | C |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 29580 are straightforward. The SAFMR (Standard Amount for Fair Market Rent) for a two-bedroom apartment in this area for fiscal year 2026 is set at $940. This figure represents the maximum amount that the housing authority will pay for a two-bedroom rental unit under the Section 8 program.
To understand how this impacts your income as a landlord, you need to factor in the tenant's portion of the rent and any utility allowances. Typically, tenants contribute about 30% of their adjusted income toward rent. If the tenant's income is low enough to qualify for Section 8, this contribution can be minimal. For instance, if a tenant's adjusted income is $1,000 per month, they would contribute $300 toward rent, leaving the housing authority to cover the remaining $640.
In addition to the rent subsidy, there may also be utility allowances. These vary but are often around $200-$300 per month for a two-bedroom unit. Therefore, if the utility allowance is $250, the total reimbursement from the housing authority would be $890 ($640 for rent + $250 for utilities).
This means that the typical reimbursement gap or surplus for a two-bedroom apartment in ZIP 29580 would be around $50 below the SAFMR of $940. In other words, landlords might receive slightly less than the full SAFMR amount due to the combination of the tenant's contribution and utility allowances.
It's important to note that while the SAFMR is specific to ZIP 29580, the local market rent data is not available, which makes it difficult to compare the SAFMR to the actual rental market rates in the area. However, the SAFMR serves as a benchmark for what is considered a fair market rent for subsidized housing units.
Landlords should be aware that the SAFMR can change annually based on economic conditions and government assessments. It is crucial to stay informed about these changes to manage expectations regarding rental income from Section 8 vouchers effectively.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.