Section 8 Fair Market Rent (FMR) for ZIP 29666 - 2027

Location: Greenwood County, SC | Metro: Columbia, SC HUD Metro FMR Area

Investment Score for ZIP 29666

Monthly Rent (2BR)

$1,150

Median Price (2BR)

$140,110

1% Rule

0.82%

Annual Yield

9.85%

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	$930
1 Bedroom	$1,050
2 Bedrooms	$1,150
3 Bedrooms	$1,470
4 Bedrooms	$1,720
5 Bedrooms	$1,995
6 Bedrooms	$2,234
7 Bedrooms	$2,413
8 Bedrooms	$2,534

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	$1,150	$140,110	0.82%	C
3BR	$1,470	$230,383	0.64%	D
4BR	$1,720	$461,849	0.37%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,894

Median Household Income

$73,571

Housing Units

3,504

Renter Percentage

19.0%

Occupancy Rate

81.3%

Renter Occupied

541

The ZIP code 29666, located in Ninety Six, South Carolina, is a rural area with a strong sense of community and a modest economic base. The region is characterized by its low-cost living environment and is primarily residential, making it an attractive market for those seeking affordable housing options.

Fair Market Rent (FMR) for ZIP 29666: The FMR for the area in fiscal year 2024 is set at $1020, indicating that the government considers this amount sufficient for renting a moderately-sized apartment without financial strain.
Market Rent: According to recent Census ACS data, the average market rent in the area is $842, which is below the FMR, suggesting that there is room for slight increases in rental rates while still remaining competitive.
Median Home Value: The median home value in ZIP 29666 stands at $167,782, providing a clear benchmark for property values and potential investment opportunities.
Renter Share: With 19.0% of residents being renters, there is a significant portion of the population looking for affordable housing options, creating a stable demand for rental properties.
Days on Market (DOM): Although specific data for days on market is not available, the combination of low median rents and a moderate percentage of renters suggests a market where properties are likely to be rented out promptly.
Median Income: The median household income in the area is $73,571, which provides insight into the economic capacity of residents to afford housing costs, including both ownership and rental.

Investors considering the Ninety Six, SC market should note the discrepancy between the Fair Market Rent and the actual market rent, which presents an opportunity for modest price adjustments. The median home value indicates a relatively affordable market for property acquisition, while the renter share points to a steady demand for rental units. The median income figure supports the viability of these rental prices and suggests that the local economy can sustain current housing trends. Overall, ZIP 29666 offers a balanced investment opportunity with clear data points guiding pricing strategies and market expectations.

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.