Location: Greenville-Mauldin-Easley, SC | Metro: Greenville-Mauldin-Easley, 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 | $1,650 |
| 1 Bedroom | $1,720 |
| 2 Bedrooms | $1,870 |
| 3 Bedrooms | $2,230 |
| 4 Bedrooms | $2,640 |
| 5 Bedrooms | $3,062 |
| 6 Bedrooms | $3,429 |
| 7 Bedrooms | $3,703 |
| 8 Bedrooms | $3,888 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,870 | $265,111 | 0.71% | D |
| 3BR | $2,230 | $301,581 | 0.74% | D |
| 4BR | $2,640 | $391,395 | 0.67% | D |
| 5BR | $3,062 | $480,614 | 0.64% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 29680 in Simpsonville, SC, reveals a market that leans towards providing steady cash flow rather than high-yield, low-stability returns typical of a 'flip-style' market. This conclusion is based on specific figures from the data provided.
On the yield axis, the Fair Market Rent (FMR) for ZIP 29680 in fiscal year 2024 is set at $1,520, which is lower than the market rent of $1,790 but significantly higher when compared to the median home value of $343,590. This suggests that rental income will be less than the potential income from selling a property, making it less suitable for quick flips. However, the FMR being close to the market rent indicates that landlords can reasonably expect to charge near-market rates, ensuring a decent yield on investment.
Regarding stability, the market shows a moderate level of predictability. With 21.7% of residents being renters, the demand for rental properties is stable but not overwhelming. The Days on Market (DOM) figure of 37 days indicates that properties are rented out relatively quickly, reducing vacancy risks. Additionally, the average household income of $86,716 provides assurance that tenants have a solid financial base to support their rent payments, contributing to long-term stability.
To summarize, ZIP 29680 is best classified as a steady-cashflow zone. The FMR of $1,520 is competitive enough to attract tenants without the volatility associated with flipping properties. The presence of a significant but not dominant rental population, coupled with quick rental times and a healthy average income, supports this classification. Landlords and small-portfolio investors should find this environment conducive to generating consistent rental income over time.
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.