Location: Hampton County, SC | Metro: Hampton County, SC
| Unit Size | Monthly FMR |
|---|---|
| Studio | $640 |
| 1 Bedroom | $680 |
| 2 Bedrooms | $890 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The ZIP code 29939 presents several challenges for potential Section 8 landlords. Firstly, the tenant turnover rate is a concern, especially when comparing the market rent to the $900 Fair Market Rent (FMR) for fiscal year 2026 in the metro area. This discrepancy can lead to financial instability if landlords are unable to maintain consistent occupancy rates. Secondly, the vacancy exposure is significant due to the unknown number of days on market (DOM), which suggests difficulty in quickly filling vacancies. Lastly, there is a notable risk associated with deferred maintenance, given the lack of data on typical home values and median incomes, making it hard to predict the ability of tenants to keep properties in good condition.
Despite these risks, the 2.3% renter share in ZIP 29939 indicates a high concentration of renters, which typically correlates with higher demand for housing vouchers. This increased demand can stabilize the rental market and provide a steady stream of Section 8 tenants willing to use their vouchers in the area.
In conclusion, based on the available data, the investment risk for a first-time Section 8 landlord in ZIP 29939 is moderate.
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.