Location: Anderson, SC | Metro: Anderson, 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 | $1,010 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $158,838 | 0.72% | D |
| 3BR | $1,510 | $273,976 | 0.55% | F |
| 4BR | $1,780 | $357,636 | 0.5% | F |
| 5BR | $2,065 | $566,742 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 29625 in Anderson, SC, presents an interesting balance between yield and stability. The Fair Market Rent (FMR) for 2024 is set at $1,110, which is notably lower than the market rent of $1,326. This indicates a potential opportunity for landlords to achieve higher yields by leveraging the FMR to offer slightly below-market rents, thereby attracting tenants more quickly.
However, the median home value of $263,727 suggests that while rental properties can be profitable, the overall real estate market might not be as volatile as in areas with lower home values. This stability is further supported by the fact that 29.4% of residents are renters, indicating a healthy but not overwhelming rental market presence.
The days on market (DOM) average of 40 days is relatively low, suggesting that properties are typically rented out fairly quickly once they become available. This quick turnover can be beneficial for landlords looking to minimize vacancy periods and maximize cash flow.
Additionally, the median household income of $61,960 provides insight into the financial health of the area's residents. While this figure is not exceptionally high, it does indicate that there is a sufficient level of disposable income to support rental payments at the market rate of $1,326 per month.
Based on these figures, ZIP 29625 appears to be a market that offers a moderate level of yield without sacrificing too much stability. It is not a high-yield/low-stability 'flip-style' market, nor is it purely a steady-cashflow zone. Instead, it sits comfortably in the middle, offering landlords a good mix of both yield and stability.
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.