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 | $680 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,160 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,160 | $116,087 | 1% | C |
U.S. Census Bureau data (2024)
11.8% of the population in ZIP 29590 are renters, indicating a modest demand for rental properties. The $674 market rent figure, derived from Census ACS data, suggests that rental prices are relatively stable and reflect the actual costs tenants are willing to pay. In contrast, the $900 Fair Market Rent (FMR) set for metro areas in fiscal year 2026 by HUD, represents a higher benchmark that could potentially increase rental income for landlords. However, the median income of $31,115 highlights the financial constraints many residents face, which may limit their ability to afford rents above the market rate. The median home value of $118,890 provides insight into the overall housing affordability in the area, but it's important to note that this figure pertains to homeownership rather than rental markets. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut share, these figures would be crucial in assessing the speed at which properties are leased and the frequency of needing to lower rents to attract tenants. Given the disparity between the market rent and the FMR, landlords in ZIP 29590 should consider the potential benefits of participating in the Section 8 program to ensure steady occupancy and income. The verdict on Section 8 for ZIP 29590 is positive, as it can help bridge the gap between what tenants can afford and the landlord's desired rental income.
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.