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 analysis of ZIP code 29636 within the Greenville-Mauldin-Easley, SC HUD Metro FMR area reveals critical insights for landlords and small-portfolio investors.
First, does the rent math work? The Fair Market Rent (FMR) for ZIP 29636 in fiscal year 2024 is set at $1240. However, the absence of specific market rent data makes it challenging to directly compare these figures. Without market rent information, we cannot definitively state whether the rent math works in favor of landlords or if it aligns with what tenants are willing to pay.
Second, is acquisition affordable? The lack of detailed data on median home values, days on market (DOM), and the percentage of homes that have had their prices cut means we cannot accurately assess the affordability of acquiring properties in this area. This information would be crucial for understanding how competitive the market is and whether it's a good time to invest.
Third, is there tenant demand? With the population and the percentage of renters in ZIP 29636 unspecified, it's difficult to gauge the potential demand for rental properties. A higher percentage of renters typically indicates stronger demand, but without concrete numbers, we can't make a precise determination.
Verdict: While the Fair Market Rent for ZIP 29636 is established at $1240, the missing market-specific data—such as median home values, DOM, price-cut percentages, population figures, and renter share—prevents a thorough assessment of the investment viability. To proceed confidently, landlords and small-portfolio investors should seek out additional local real estate market reports to fill these data gaps and make informed decisions based on comprehensive financial metrics.
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.