Location: Barnwell County, SC | Metro: Allendale County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,210 |
| 5 Bedrooms | $1,404 |
| 6 Bedrooms | $1,572 |
| 7 Bedrooms | $1,698 |
| 8 Bedrooms | $1,783 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 29849 in fiscal year 2026 is set at $930. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; rather, it's the benchmark used by the Housing Choice Voucher Program to determine the payment standard.
In comparison, the average market rent in ZIP 29849, based on recent Census American Community Survey (ACS) data, stands at $1,656. This indicates that the FMR is significantly lower than the typical rent in the area, which could mean that landlords participating in the Section 8 program might have to accept a lower rent compared to non-participating properties.
The renter share in this ZIP code is 12.8%, suggesting a moderate level of demand for rental housing. While this percentage isn't exceptionally high, it does imply that there is a consistent need for affordable housing options, which could be filled by Section 8 rentals.
Regarding property acquisition costs, the data shows this as N/A, which means there isn't specific information available about the costs of acquiring properties in ZIP 29849. However, given the discrepancy between the FMR and the local average rent, it's crucial to ensure that the property you're considering meets the necessary quality and maintenance standards required by the Section 8 program. These standards are designed to protect tenants and maintain the value of the property.
Before proceeding with your first Section 8 rental in ZIP 29849, verify that the property complies with the Housing Quality Standards (HQS) set by the Department of Housing and Urban Development (HUD). This ensures that your property meets the minimum health and safety requirements and can be approved for the program without delays or rejections.
Data Sources: FMR data from HUD (2027). 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.