Location: Oconee County, SC | Metro: Oconee County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
The dynamics of ZIP code 29665 reveal a market firmly rooted in homeownership, with a 0.0% renter share indicating that the majority of residents own their homes rather than renting. This suggests a long-term housing environment where stability and ownership are the norm, which can be beneficial for small-portfolio investors looking to avoid the volatility often associated with rental markets.
The Fair Market Rent (FMR) for the area is set at $1,000 for the fiscal year 2026, according to HUD's standards. However, the lack of available market rent data means that there's no direct comparison between the FMR and what tenants might actually pay, leaving a gap in understanding the true rental landscape of the area.
With no percentage given for the price-cut share or days on market (DOM), it's difficult to pinpoint whether supply is currently outpacing demand or vice versa. Typically, high price-cut shares and extended DOM periods suggest a buyer's market where supply exceeds demand, while low percentages indicate a seller's market with strong demand.
The absence of a median home value figure further complicates the analysis, but the overall snapshot hints at a community that prioritizes homeownership over renting. This could mean that the ZIP code experiences less short-term housing pressure, as homeowners tend to stay in their properties longer compared to renters.
In conclusion, ZIP 29665 presents a unique challenge for real estate analysts due to the limited data available. The emphasis on homeownership suggests a stable, possibly tight-knit community, but without comprehensive market rent and home value metrics, a complete picture of the supply-demand balance remains elusive.
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.