Section 8 Fair Market Rent (FMR) for ZIP 29657 - 2027

Location: Greenville-Mauldin-Easley, SC | Metro: Anderson, SC HUD Metro FMR Area

Investment Score for ZIP 29657

Monthly Rent (2BR)

$1,210

Median Price (2BR)

$188,151

1% Rule

0.64%

Annual Yield

7.72%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,050
1 Bedroom	$1,100
2 Bedrooms	$1,210
3 Bedrooms	$1,460
4 Bedrooms	$1,750
5 Bedrooms	$2,030
6 Bedrooms	$2,274
7 Bedrooms	$2,456
8 Bedrooms	$2,579

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,210	$188,151	0.64%	D
3BR	$1,460	$274,540	0.53%	F
4BR	$1,750	$359,356	0.49%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

16,390

Median Household Income

$64,833

Housing Units

6,636

Renter Percentage

14.8%

Occupancy Rate

93.5%

Renter Occupied

920

The Liberty area, located in ZIP code 29657, is a suburban community that offers a blend of rural charm and access to urban amenities. This region is particularly attractive for real estate investors due to its stable housing market and a mix of rental and homeownership options. Here's a detailed look at the current real estate landscape in Liberty, SC.

Fair Market Rent (FMR): The FMR for a two-bedroom apartment in ZIP 29657 for fiscal year 2024 is set at $1020, indicating a strong demand for affordable housing options.
Market Rent: According to recent Census ACS data, the average market rent for the area is $873, which is lower than the FMR, suggesting there may be opportunities for landlords to increase rents slightly while remaining competitive.
Median Home Value: The median home value stands at $259,492, reflecting a moderate cost of living and property investment in the area.
Renter Share: Renter share of the population is 14.8%, showing that while homeownership remains popular, there is still a significant portion of the community that relies on rentals.
Days on Market (DOM): Data for the average days a property is on the market is currently unavailable, but this could imply a steady flow of sales without extreme fluctuations.
Median Income: The median household income is $64,833, providing insight into the economic stability and spending power of residents in Liberty, SC.

Analyzing these points, it's clear that the real estate market in Liberty, SC, presents a balanced opportunity for both rental and home purchase investments. With a slightly higher FMR compared to the actual market rent, there is potential for landlords to adjust their pricing. The moderate median home value and stable median income suggest that the local economy supports a healthy housing market. Given the 14.8% renter share, there is a consistent demand for rental properties, making it a viable option for small-portfolio investors looking to diversify their holdings. Overall, Liberty, SC, offers a promising environment for real estate investments, especially in the rental sector, where demand meets affordability.

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.