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 | $1,050 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $220,149 | 0.55% | F |
| 3BR | $1,460 | $360,676 | 0.4% | F |
| 4BR | $1,750 | $1,407,433 | 0.12% | F |
U.S. Census Bureau data (2024)
Six Mile, SC, represented by ZIP code 29682, is situated within the Greenville-Mauldin-Easley, SC HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 29682 in fiscal year 2024 is $950, whereas the market rent is $836. This suggests that landlords can potentially charge closer to the FMR without exceeding tenant allowances, which benefits those participating in the Section 8 program.
The median home value in Six Mile is $438,233, which is notably higher than the average for the Greenville-Mauldin-Easley area. According to recent data, the FMR for a two-bedroom home in the Greenville-Mauldin-Easley area for fiscal year 2025 is $1,306, indicating that Six Mile has a lower FMR compared to the metro average. Additionally, only 6.3% of residents in Six Mile are renters, reflecting a predominantly owner-occupied community.
Given these figures, Six Mile appears to be a mid-tier neighborhood within the Greenville-Mauldin-Easley, SC HUD Metro FMR Area. Despite having higher home values, the low renter share means it is not a typical value pocket for Section 8 tenants. Landlords in Six Mile can leverage the slightly higher FMR compared to the actual market rent, but the overall appeal to Section 8 participants is constrained by the smaller number of rental units available.
The divergence between high home values and a low renter share does not indicate a prime Section 8 location. Instead, it points to an area where landlords with properties priced near the FMR have an advantage, but the broader Section 8 opportunities are limited due to the lower proportion of rental housing.
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.