Location: Colleton County, SC | Metro: Colleton County, SC
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 | $810 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $162,720 | 0.79% | D |
U.S. Census Bureau data (2024)
To integrate ZIP 29929 into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. The Family Monthly Rent (FMR) for the Colleton County, SC metro area in fiscal year 2026 is set at $1,170, which aligns well with the existing rental dynamics in the area. Despite the lack of specific market rent data, the median home value of $182,676 suggests a stable housing market that can support consistent cash flow through Section 8 vouchers.
The absence of precise market rent figures makes it challenging to assess the exact spread between the FMR and market rents, but given the median home value, it's reasonable to infer that the FMR is competitive. This ensures that landlords who participate in the Section 8 program will receive a steady stream of rental income without the risk of significant vacancy periods.
ZIP 29929 cannot be classified as an appreciation play due to the unavailability of data on price-cut shares and days on market (DOM). However, the median income of $58,267 indicates a moderate economic base, which supports the stability of the housing market but does not suggest rapid appreciation. The 11.6% renter share is relatively low, suggesting that the majority of residents prefer homeownership, further reinforcing the idea that this ZIP code offers a reliable cash flow rather than speculative growth opportunities.
While the low renter share and moderate median income make ZIP 29929 less suitable as a diversifier, the strong cash-flow potential through Section 8 vouchers compensates for these factors. Landlords and small-portfolio investors should focus on the guaranteed rental income and the long-term stability that this ZIP code provides.
In summary, ZIP 29929 is best positioned as a cash-flow anchor within a Section 8 portfolio strategy. The $1,170 FMR ensures a predictable income source, while the median home value of $182,676 supports the overall stability of the investment. This approach minimizes risk and maximizes the likelihood of consistent returns, making it an attractive option for those seeking a secure rental property investment.
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.