Location: Greenwood County, SC | Metro: Abbeville County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $900 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,240 |
| 5 Bedrooms | $1,438 |
| 6 Bedrooms | $1,611 |
| 7 Bedrooms | $1,740 |
| 8 Bedrooms | $1,827 |
U.S. Census Bureau data (2024)
The market in ZIP 29638, encompassing Donalds, SC, reveals a dynamic equilibrium between supply and demand. The Fair Market Rent (FMR) stands at $910 for the metro area in fiscal year 2026, closely aligning with the current market rent of $900 as reported by the Census ACS. This suggests that rental prices are reflective of the fair market value, indicating a balanced market where neither landlords nor tenants hold significant leverage.
The median home value in the area is $192,837, which provides insight into the affordability and desirability of homeownership. Given the lack of specific data on price-cut share and days on market (DOM), it's challenging to definitively state whether supply outpaces demand or vice versa. However, the alignment between FMR and market rent points towards a stable market, where supply meets demand without causing significant fluctuations in pricing.
The 18.1% renter share is noteworthy. This figure implies that nearly one-fifth of the population in Donalds, SC, opts for renting rather than owning. Such a percentage can exert long-term housing pressure on the market, as renters often represent a more transient demographic. This can lead to higher turnover rates in rental properties, which may necessitate ongoing maintenance and management efforts from landlords.
In a broader context, the presence of a consistent renter base can be indicative of various factors, including employment stability, household formation trends, and the overall economic climate. Landlords and small-portfolio investors should consider these elements when evaluating the potential for sustained rental income in the area.
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.