Location: Anderson, 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 | $970 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $183,141 | 0.6% | D |
| 3BR | $1,440 | $296,867 | 0.49% | F |
| 4BR | $1,700 | $442,409 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 29697, encompassing Williamston, SC, presents a dynamic housing market. The Fair Market Rent (FMR) for the area stands at $1040 for fiscal year 2024, slightly above the current market rent of $1,022 as reported by the Census American Community Survey. This suggests that rental values are on an upward trend, aligning closely with government standards.
A key indicator of market health is the price-cut share, which currently sits at 0.3%. This low percentage implies that few properties are being discounted, indicating strong demand relative to supply. The fact that the days on market (DOM) is listed as N/A could mean that properties are selling quickly, further supporting the notion that demand is robust. The median home value in the area is $279,165, reflecting a balanced residential property market.
The 24.2% renter share in Williamston signals a significant portion of the population prefers renting over owning. This can create sustained long-term housing pressure as rental demand remains steady. Landlords and small-portfolio investors should take note of these trends, as they suggest a market where rental properties will continue to be sought after.
To summarize, the current snapshot of the Williamston housing market points towards a scenario where demand is keeping pace with, if not slightly outpacing, supply. The slight premium in FMR over market rent, combined with a minimal price-cut share, indicates a favorable environment for rentals. The substantial renter share further reinforces the idea that there is consistent demand for rental properties, making it an attractive market for investment.
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.