Section 8 Fair Market Rent (FMR) for ZIP 29633 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 29633, located in South Carolina, is an area where the housing market dynamics are particularly influenced by federal programs such as Section 8. This region offers a mix of rental and ownership opportunities, though specific market data points vary widely. Here’s a concise overview based on available data:

• The Fair Market Rent (FMR) for ZIP 29633 in fiscal year 2024 is set at $1030. This figure serves as a benchmark for rental prices supported by government subsidies.
• Market rent data is currently unavailable for this specific ZIP code, making it difficult to compare unsubsidized rental rates against the FMR.
• The median home value is also not available, which means there's limited insight into the typical cost of homeownership in the area.
• The percentage of residents who are renters is unknown, thus the exact demand for subsidized housing units cannot be quantified.
• The Days on Market (DOM) statistic is not provided, so we cannot assess how quickly properties are typically sold or rented out in this area.
• Median household income data is missing, leaving us without a clear picture of the financial health of the local population and their ability to afford housing.

Despite the gaps in data, the $1030 FMR suggests that the rental market, especially for those utilizing Section 8 vouchers, is relatively stable. However, the lack of market rent and median home value data indicates a need for further investigation into the broader housing market conditions. The unknown renter share and DOM figures highlight the necessity of understanding local trends to make informed investment decisions. Lastly, the absence of median income data underscores the importance of considering the economic context of the area when evaluating potential returns on investment. For investors looking to enter the Section 8 market in ZIP 29633, the FMR provides a reliable starting point, but comprehensive local research is essential to navigate the uncertainties presented by the incomplete data.

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.