Location: Greenville-Mauldin-Easley, SC | Metro: Greenville-Mauldin-Easley, SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,380 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
The ZIP code 29602 in Greenville-Mauldin-Easley County stands out due to the lack of detailed demographic data available for its residents, rental percentage, median income, and median home value. This scarcity of information can be attributed to various factors, including the area's recent development or the limited size of the population.
Despite these data gaps, the voucher economics provide a clearer picture. The Fair Market Rent (FMR) for ZIP 29602 is set at $1240 for fiscal year 2024. This figure represents the maximum amount that HUD will pay for housing assistance through the Section 8 program. However, the comparison to the local market rent is unavailable, which could otherwise indicate how well the voucher amounts align with actual rental costs in the area.
The absence of comprehensive data suggests that the ZIP 29602 might be experiencing a transitional phase, where it is either developing rapidly or undergoing changes that make historical data less relevant. Landlords and small-portfolio investors should closely monitor any updates to the demographic and economic data for this area to make informed decisions about their investments.
In conclusion, while the specifics of resident demographics and market rents are currently unknown, the established FMR of $1240 offers a benchmark for landlords and investors in ZIP 29602. The data signature leans towards being transitional, indicating potential opportunities but also necessitating vigilance and adaptability in response to future developments.
Data Sources: FMR data from HUD (2027).
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.