Section 8 Fair Market Rent (FMR) for ZIP 29662 - 2027

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

Investment Score for ZIP 29662

Monthly Rent (2BR)

$1,740

Median Price (2BR)

$202,753

1% Rule

0.86%

Annual Yield

10.3%

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	$1,530
1 Bedroom	$1,600
2 Bedrooms	$1,740
3 Bedrooms	$2,080
4 Bedrooms	$2,450
5 Bedrooms	$2,842
6 Bedrooms	$3,183
7 Bedrooms	$3,438
8 Bedrooms	$3,610

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,740	$202,753	0.86%	C
3BR	$2,080	$290,472	0.72%	D
4BR	$2,450	$345,363	0.71%	D
5BR	$2,842	$399,437	0.71%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

14,950

Median Household Income

$81,749

Housing Units

6,735

Renter Percentage

32.9%

Occupancy Rate

99.4%

Renter Occupied

2,202

The ZIP code 29662, located in Mauldin, South Carolina, is a suburban area that has seen steady growth in recent years. It offers a mix of residential properties, catering to both homeowners and renters. The local economy is supported by various industries, including manufacturing and retail, which contribute to the area's financial stability.

The Fair Market Rent (FMR) for ZIP 29662 is set at $1,370 for fiscal year 2024, indicating the rental market's baseline rate.
The Zillow Observed Rent Index (ZORI), which measures actual rents paid, stands at $1,364, closely matching the FMR and suggesting a well-calibrated rental market.
The median home value in Mauldin is $295,514, reflecting a moderate price range for residential properties.
Renters make up 32.9% of the housing market, showing a significant portion of the population prefers leasing over owning.
Unfortunately, the average days on the market (DOM) for rentals is not available, which could provide insight into the speed of lease turnovers.
The median household income in the area is $81,749, providing a stable economic foundation for both landlords and potential tenants.

The analysis of these key metrics reveals a balanced rental market in Mauldin, SC. With the FMR and ZORI rates nearly identical, landlords can expect consistent returns on their investments. The substantial renter share indicates strong demand for rental properties, while the median home value suggests a middle-class community capable of sustaining rental prices. Although the lack of DOM data is a gap, the overall economic health and rental rates present a favorable environment for small-portfolio investors looking to enter the Mauldin real estate market.

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.