Section 8 Fair Market Rent (FMR) for ZIP 29679 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$680
2 Bedrooms	$890
3 Bedrooms	$1,080
4 Bedrooms	$1,210
5 Bedrooms	$1,404
6 Bedrooms	$1,572
7 Bedrooms	$1,698
8 Bedrooms	$1,783

Based on the available data, ZIP 29679 in Seneca, South Carolina, presents a unique challenge for both renters and landlords due to limited information on median income and housing market rates. However, it is known that the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940. This figure serves as a benchmark for voucher payments under the Section 8 program.

The lack of specific median income data for ZIP 29679 makes it difficult to assess the financial capability of households to afford the market rate rents. Without this critical information, landlords must rely on regional averages and local knowledge to gauge the affordability gap.

In terms of the rental market, the population within ZIP 29679 is minimal, with only a fraction of the total micro-area population residing there. This suggests that the majority of residents might be homeowners, leading to a smaller pool of potential renters. Consequently, competition among landlords could be relatively low, but attracting tenants willing to pay market rates remains uncertain without precise income data.

The takeaway for landlords considering voucher versus cash-pay strategies is clear: given the limited data on local incomes and the known FMR of $940, accepting vouchers can provide a stable source of rental income. However, landlords should also consider the administrative burden and potential delays associated with voucher programs. For those aiming to maximize immediate cash flow, focusing on securing tenants who can pay market rates might be more advantageous, though this approach requires careful assessment of the local economic conditions and tenant preferences.

Landlords should remain flexible and informed about the broader economic context of Seneca, SC, and the surrounding areas to make strategic decisions that align with their investment goals.

Data Sources: FMR data from HUD (2027).

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.