Location: Greenville-Mauldin-Easley, SC | Metro: Anderson, SC HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $189,801 | 0.64% | D |
| 3BR | $1,460 | $310,997 | 0.47% | F |
| 4BR | $1,750 | $419,613 | 0.42% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 29669, Pelzer, SC, presents a unique opportunity for both landlords and small-portfolio investors. With a median home value of $269,214, the area reflects a stable housing market. The fact that only 0.3% of listings have been reduced indicates a strong seller's market where pricing power remains firmly in the hands of homeowners. This suggests that over the next 12 to 24 months, home values are likely to remain steady or increase slightly, given the limited number of price reductions.
The median days on market (DOM) being listed as 'N/A' could imply a fast-moving market where homes are selling quickly, often before reaching typical DOM figures. This quick turnover can be indicative of a robust demand for properties in the area, further supporting the notion of stable to rising home values.
On the rental side, the Federal Market Rent (FMR) for ZIP 29669 is projected at $950 for fiscal year 2024, compared to the current market average of $813 according to the Census ACS. This disparity signals potential growth in rental income for property owners, as rents may trend upward towards the FMR level. Investors should prepare for gradual increases in rental rates, which can help offset any future inflationary pressures.
For long-term investors, the setup in Pelzer, SC, implies a realistic appreciation thesis. Given the steady median home value and the minimal instances of price reductions, there is little indication of a market downturn. Instead, the market appears poised for modest growth, driven by the local economy and possibly influenced by broader regional trends. However, appreciation rates are expected to be conservative, reflecting the overall stability of the area rather than speculative bubbles or rapid price escalations.
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.