Location: Florence, SC | Metro: Florence, SC HUD Metro FMR Area
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 | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $93,916 | 1.08% | B |
| 3BR | $1,300 | $163,341 | 0.8% | D |
| 4BR | $1,430 | $255,253 | 0.56% | F |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 29583, which includes Pamplico, SC, and falls under the Florence County County, Florence, SC HUD Metro FMR Area, presents a clear opportunity for investors. The HUD Fair Market Rent (FMR) for the area is set at $910 per month for fiscal year 2024. This figure is significantly higher than the market rent reported by the Census ACS, which stands at $553 per month.
Voucher tenants in this region will generate positive cash flow at the HUD FMR rate. With the FMR well above the average market rent, landlords can expect a consistent income stream that exceeds typical rental rates. This discrepancy suggests that voucher tenants are particularly advantageous in ZIP 29583.
The median home value in the area is $151,040, leading to a rent-to-price ratio that indicates strong investment potential. Given the relatively low median home values, properties that can command rents close to the FMR offer a compelling return on investment.
Note that the data does not provide specific insights into the median days on market (DOM) or the percentage of listings that required price reductions. However, these metrics would typically be relevant in assessing the broader real estate market conditions and how they might affect the decision between renting and buying.
In summary, the strongest investor angle in ZIP 29583 is cash flow, driven by the substantial gap between HUD FMR and actual market rents. This makes it an attractive area for those focused on generating reliable rental income through Section 8 properties.
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.