Location: Chesterfield County, SC | Metro: Darlington County, 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 | $920 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,460 | $93,045 | 1.57% | A+ |
U.S. Census Bureau data (2024)
The market in ZIP 29593 presents a dynamic equilibrium between supply and demand, though it leans slightly towards a scenario where demand may be catching up with supply. The Fair Market Rent (FMR) for the area stands at $980 for the fiscal year 2024, while the actual market rent, according to the Census American Community Survey (ACS), is higher at $1,062. This suggests that landlords can command rents above the FMR, indicating a healthy level of demand for rental properties.
The median home value in ZIP 29593 is $108,615, which places it within a range that could attract both first-time buyers and investors looking for affordable opportunities. However, the missing percentage for price-cut share and days on market (DOM) indicate that there might be limited recent transactional data available, which could mean that the market is either stable or less active compared to other areas.
A 22.5% renter share points to a significant portion of the population preferring or needing to rent rather than buy. This trend is indicative of long-term housing pressure, suggesting that there will likely be a sustained demand for rental units in the area. Landlords should be aware that maintaining competitive rental rates and offering attractive amenities can help secure tenants in this environment.
Investors considering entering the ZIP 29593 market should take note of the current rental dynamics. The gap between FMR and market rent implies a potential for rental income growth, but also highlights the importance of keeping properties well-maintained and priced appropriately to remain attractive to renters. The relatively low median home value also suggests that there could be opportunities for real estate investment, particularly in the rental sector, given the strong presence of renters.
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.