Section 8 Fair Market Rent (FMR) for ZIP 29824 - 2027

Location: Columbia, SC | Metro: Augusta-Richmond County, GA-SC HUD Metro FMR Area

Investment Score for ZIP 29824

Monthly Rent (2BR)

$1,080

Median Price (2BR)

$275,798

1% Rule

0.39%

Annual Yield

4.7%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$980
2 Bedrooms	$1,080
3 Bedrooms	$1,360
4 Bedrooms	$1,650
5 Bedrooms	$1,914
6 Bedrooms	$2,144
7 Bedrooms	$2,316
8 Bedrooms	$2,432

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$980	$146,803	0.67%	D
2BR	$1,080	$275,798	0.39%	F
3BR	$1,360	$261,506	0.52%	F
4BR	$1,650	$327,534	0.5%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,789

Median Household Income

$56,396

Housing Units

3,117

Renter Percentage

26.8%

Occupancy Rate

81.8%

Renter Occupied

684

Edgefield, SC, located in Aiken County, is a small town that offers a quiet living environment with easy access to larger cities such as Augusta, GA. The real estate market here is characterized by modest rents and home values, making it an attractive option for both tenants and investors looking for stable returns.

The Fair Market Rent (FMR) for a two-bedroom apartment in Edgefield, SC for fiscal year 2024 is set at $1020, providing a benchmark for rental pricing in the area.
According to the Census American Community Survey (ACS), the average market rent for a two-bedroom apartment is $741, indicating that rents in the area are below the fair market rate, offering potential for price increases.
The median home value in Edgefield is $218,496, which is relatively low compared to many other areas, suggesting good opportunities for property investment.
Renters make up 26.8% of the housing market, showing a significant but not overwhelming proportion of renters, which could be beneficial for landlords seeking steady occupancy rates.
The median household income in the area is $56,396, which, while not high, provides a reliable base for tenant incomes and suggests a stable demand for affordable housing options.

The real estate market in Edgefield, SC, presents a balanced opportunity for investors. With rents currently below the fair market level and a significant portion of the population renting, there is room for price adjustments without risking vacancy. The modest median home value indicates a potential for appreciation over time, especially given the town's proximity to larger metropolitan areas. Investors should consider these factors when evaluating the potential returns on their investments in Edgefield.

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.