Location: Jasper County, SC | Metro: Jasper County, SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,360 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,040 |
| 5 Bedrooms | $2,366 |
| 6 Bedrooms | $2,650 |
| 7 Bedrooms | $2,862 |
| 8 Bedrooms | $3,005 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP code 29943 in the Jasper County, SC HUD Metro FMR Area for fiscal year 2024 is set at $1160. This figure represents the maximum amount that voucher holders can pay towards their monthly rent, which is crucial for landlords and small-portfolio investors considering the Section 8 program.
Unfortunately, the market rent data for ZIP 29943 is currently unavailable. However, based on the HUD FMR, we can infer that properties in this area should be priced competitively to attract voucher tenants. If the market rent is higher than the HUD FMR, landlords will likely find that only premium units—those with unique features or located in particularly desirable areas—will cashflow positively with voucher tenants. Conversely, if market rents are lower, properties could cashflow at or above the FMR without requiring premium features.
The median home value for ZIP 29943 is also not available. Without this information, it's challenging to calculate the exact rent-to-price ratio, which would provide insights into how rental income compares to property values. Nevertheless, understanding the local housing market's trends and dynamics remains essential for making informed investment decisions.
The Days on Market (DOM) and the percentage of homes that require price cuts before selling are currently unavailable for ZIP 29943. These metrics are typically important for assessing the rent-versus-buy dynamics, but their absence means we must rely more heavily on other indicators such as vacancy rates and the local economy to gauge the investment climate.
The strongest angle for investors in ZIP 29943 appears to be stability. Given the lack of specific market rent data, it's reasonable to assume that the local rental market is steady, which is beneficial for long-term investments. Stability ensures consistent cash flow, which is particularly valuable for those relying on rental income from Section 8 tenants.
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.