Location: Greenville-Mauldin-Easley, SC | Metro: Greenville-Mauldin-Easley, 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 | $1,190 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,350 | $194,122 | 0.7% | D |
| 3BR | $1,610 | $268,744 | 0.6% | F |
| 4BR | $1,900 | $412,699 | 0.46% | F |
| 5BR | $2,204 | $541,649 | 0.41% | F |
U.S. Census Bureau data (2024)
ZIP code 29617, located in Greenville, SC, falls within the Greenville-Mauldin-Easley, SC HUD Metro FMR Area. The Fair Market Rent (FMR) for this area in fiscal year 2024 is set at $1,050. This figure represents the maximum amount that a low-income household receiving federal rental assistance can pay.
In comparison to the typical ZIP codes within the Greenville-Mauldin-Easley metro, the market rent of $1,564 in ZIP 29617 is higher than the FMR but still relatively competitive. The median home value in this ZIP code stands at $264,619, which is indicative of a mid-tier neighborhood. However, the significant renter share of 33.8% suggests a notable presence of renters, which could be beneficial for landlords looking to maximize occupancy rates.
The divergence between the FMR and market rent indicates that there is a premium on rental properties in this ZIP code. Landlords who are willing to accept the FMR of $1,050 for Section 8 tenants might find it advantageous due to the high renter share, as it can lead to a quicker turnover and reduced vacancy rates. Additionally, the combination of a high renter share with a below-metro average home value ($264,619) can signal a sweet spot for Section 8 investments, where demand is strong but property costs are more manageable compared to other areas in the Greenville-Mauldin-Easley metro.
To further analyze the position of ZIP 29617 within its metro, consider the following:
Based on these figures, ZIP 29617 appears to be a mid-tier neighborhood with a strong rental market. It offers opportunities for landlords interested in Section 8 properties, given the high renter share and reasonable home values.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.