Location: Marlboro County, SC | Metro: Marlboro County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
A household in ZIP code 29596, with a median income of $34,682, faces significant challenges in affording the market rate rent of $839 per month according to the latest Census ACS data. This already indicates a tight budget where nearly half of their annual income would be dedicated to housing costs alone, leaving little room for other expenses.
To put this into perspective, the Federal Market Rent (FMR) standard for the metro area in fiscal year 2026 is set at $1,050. This figure is notably higher than the market rate, highlighting the financial strain on local renters. The discrepancy between the actual market rate and the FMR suggests that landlords might find it advantageous to accept vouchers, as they ensure a steady stream of income aligned with federal standards.
With only 9.6% of the population renting and a total population of 1,910, competition among landlords in this area is likely to be fierce. Landlords must carefully consider their rental strategies to attract tenants. Accepting vouchers could provide a competitive edge, especially given the affordability gap faced by many renters.
The takeaway for landlords is clear: while accepting vouchers may offer a more stable and federally-backed rental income, it also means adhering to a higher payment standard. In ZIP 29596, where the median income is relatively low, landlords should weigh the benefits of attracting voucher holders against the potential for higher cash-paying rents. However, the reality of the affordability gap implies that prioritizing voucher acceptance could be a prudent strategy to secure tenants in a market where many struggle to meet even the lower market rates.
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.