Location: Greenwood County, SC | Metro: Abbeville County, SC
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 | $640 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,110 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $890 | $112,867 | 0.79% | D |
| 3BR | $1,110 | $188,069 | 0.59% | F |
| 4BR | $1,280 | $296,409 | 0.43% | F |
| 5BR | $1,485 | $390,584 | 0.38% | F |
U.S. Census Bureau data (2024)
ZIP code 29646, located in Greenwood, SC, falls within the Greenwood County, SC metro area. Its Fair Market Rent (FMR) for fiscal year 2026 is set at $900, which is higher than the market rent of $833. This indicates that the government's estimate of rental costs is slightly above what the actual market is offering, suggesting a slight premium on subsidized rents.
The median home value in 29646 is $141,356, which is relatively low compared to other ZIP codes in Greenwood County. This could indicate that 29646 is a value pocket within the county, offering more affordable housing options for both renters and homeowners.
The renter share in 29646 stands at 38.2%, which is a notable percentage and suggests a significant portion of the population relies on rental properties. When combined with the lower home values, this can be seen as a positive sign for landlords and small-portfolio investors interested in Section 8 properties. A high renter share with below-average home values often signals an area where Section 8 subsidies can significantly impact the local rental market, making it a desirable location for those looking to attract tenants through the program.
To further contextualize, let’s consider how these figures compare to typical ZIP codes in Greenwood County. The FMR being higher than the market rent indicates that there might be more demand for rental properties that are eligible for Section 8 subsidies, as they offer a better deal for tenants than the average market rate. Additionally, the median home value being below the county average suggests that 29646 is more affordable overall, which could make it attractive for investors looking to manage properties at a lower cost while still benefiting from a high renter share.
In summary, ZIP code 29646 appears to be a value pocket within the Greenwood County, SC metro area. It offers a good balance of affordability and a high concentration of potential Section 8 tenants, making it an advantageous location for real estate investments focused on subsidized housing.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.