Location: Abbeville County, SC | Metro: Abbeville County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
ZIP code 29659, located within Abbeville County, SC, presents an interesting scenario when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940. This figure is significantly higher than the market rent observed in ZIP 29659, which stands at $510. Such a discrepancy suggests that 29659 could be considered a value pocket within the broader metro area.
The renter share in ZIP 29659 is notably high at 48.9%, indicating a substantial portion of the population relies on rental housing. Given the absence of home value data, it's reasonable to infer that the lack of homeownership metrics might reflect a limited supply of owner-occupied properties or a focus on rental units within the ZIP code. This combination of a high renter share and lower-than-metro average rents can be indicative of a Section 8 sweet spot, where there is ample opportunity for landlords to benefit from government subsidies while offering affordable housing options.
To further contextualize, if we consider the typical ZIP codes in Abbeville County, SC, they would likely have a mix of rental and ownership costs closer to the metro averages. However, the specific figures for ZIP 29659 reveal a unique situation where the rents are well below the FMR, suggesting potential for landlords to attract tenants who qualify for Section 8 assistance. The low market rent coupled with a high proportion of renters makes 29659 stand out as a particularly attractive location for those looking to leverage the Section 8 program.
In conclusion, based on the provided data, ZIP 29659 appears to be a value pocket within the Abbeville County, SC metro. Its below-average market rent and above-average renter share position it as an ideal location for landlords interested in Section 8 tenancy, where they can offer competitive rates while still receiving government subsidies.
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.