Section 8 Fair Market Rent (FMR) for ZIP 29912 - 2027
Location: Jasper County, SC | Metro: Jasper County, SC HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,250 |
| 1 Bedroom | $1,300 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 29912 for Section 8 investment, follow these steps:
- Step 1: Does the Fair Market Rent (FMR) of $1190 cover your debt service?
- Yes: If the FMR of $1190 is sufficient to cover your debt service, proceed to Step 2.
- No: If the FMR does not cover your debt service, buying in ZIP 29912 is not advisable for a Section 8 investment.
- Step 2: Compare the market rent to the FMR.
- Market Rent Above FMR: If the market rent is higher than the FMR of $1190, then it depends on your investment goals. Higher market rents can be beneficial for non-Section 8 tenants but may limit the pool of Section 8 tenants.
- Market Rent At or Below FMR: If the market rent is at or below the FMR, then it's more likely that Section 8 tenants will find your properties affordable, making this area a suitable choice for Section 8 investments.
- Step 3: Evaluate the demand for rental properties.
- 0.0% Renters with N/A-Day Days on Market (DOM): With 0.0% of the population identified as renters and an unspecified DOM, there is insufficient evidence to conclude that there is adequate demand for rental properties. This suggests that the market may not support a high volume of rentals, which could impact the viability of a Section 8 investment.
The analysis indicates that the decision to invest in ZIP 29912 for Section 8 purposes hinges critically on whether the FMR of $1190 can meet your financial obligations. The lack of detailed market rent data and the low percentage of renters make it difficult to assert strong demand. Therefore, the final recommendation is contingent upon your ability to secure properties where the FMR covers debt service and your tolerance for uncertain demand conditions.
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.