Location: Oconee County, SC | Metro: Oconee County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The ZIP code 29658, located within the Oconee County, SC metro, has a Fair Market Rent (FMR) of $1,030 for fiscal year 2026. This figure is a key indicator used by HUD to determine eligibility for Section 8 housing assistance programs. While the specific market rent for ZIP 29658 is currently unavailable, we can infer its position within the local real estate landscape using other available metrics.
The median home value in ZIP 29658 stands at $260,214. This figure is crucial for understanding the overall property values in the area. In comparison to typical ZIP codes within Oconee County, SC, this median home value suggests that 29658 could be considered a mid-tier neighborhood. The average home values in the county tend to vary, but a value of $260,214 aligns closely with the middle range of property values found across different areas in Oconee County.
The renter share in ZIP 29658 is 14.0%, indicating that nearly one in every seven households in this area are renters. This percentage is relatively low compared to urban centers where renter shares can exceed 50%, but it's important to note that rural areas typically have lower renter shares due to the prevalence of owner-occupied homes. However, the combination of a modest renter share and a median home value that is not significantly above the county average suggests that 29658 is not particularly attractive as a Section 8 sweet spot.
To further clarify the positioning of ZIP 29658, consider the following:
The FMR of $1,030 is likely set to reflect the rental market conditions in the area. Given that the actual market rent is not available, landlords should use this figure as a benchmark for setting competitive rental rates that still allow them to qualify for Section 8 subsidies.
The median home value of $260,214 places 29658 firmly in the middle of the local real estate spectrum. It is neither among the most expensive nor the least costly neighborhoods in the county.
A 14.0% renter share indicates a smaller demand for rental properties compared to areas with higher percentages. This could mean that landlords in 29658 face less competition for tenants, which might affect their ability to command higher rents.
In summary, ZIP 29658 appears to be a mid-tier neighborhood within the Oconee County, SC metro, based on its FMR, median home value, and renter share. It does not present characteristics of a value pocket or a premium sub-market. Landlords and small-portfolio investors should focus on maintaining competitive rental rates and being aware of the local demand for rentals.
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.