Location: Greenville-Mauldin-Easley, SC | Metro: Greenville-Mauldin-Easley, SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The ZIP code 29613, located within the Greenville-Mauldin-Easley, SC HUD Metro FMR Area, serves as a strategic component in a Section 8 portfolio due to its characteristics as a cash-flow anchor. The Fair Market Rent (FMR) for ZIP 29613 in fiscal year 2024 is set at $1070, which represents the baseline rental rate for a two-bedroom apartment under the Section 8 program. Given that the market rental rates and median home values are currently unavailable, we can focus on the guaranteed cash flow provided by the FMR.
As a cash-flow anchor, ZIP 29613 ensures steady and reliable income streams for landlords and small-portfolio investors. The FMR acts as a safety net, guaranteeing that tenants participating in the Section 8 program will pay a fixed portion of their income towards rent, with the government covering the remainder up to the FMR limit. This setup minimizes the risk of vacancy and provides predictable cash flows, essential for financial planning and stability.
Although the exact percentage of price-cut share and days on market (DOM) are not available, the lack of these figures does not detract from the ZIP's role as a cash-flow anchor. Landlords can rely on the consistent rental income provided by the FMR without the need to adjust prices frequently or deal with prolonged periods of property vacancy. This predictability allows investors to allocate resources effectively and manage their portfolios with confidence.
In conclusion, ZIP 29613 stands out as a cash-flow anchor in a Section 8 portfolio strategy, offering a stable and reliable income source through its defined FMR of $1070 for a two-bedroom unit in fiscal year 2024.
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.