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Marion County/Nichols/29581

29581

ZIPSAFMR
Marion County, SC
Zillow

ZIP Investment Score

105Above average

095130300
BRFMR
Eff. Rent
0 BR$1,040$1,040
1 BR$1,110$1,110
2 BR$1,320$1,320
3 BR$1,630$1,630
4 BR$1,900$1,900
5 BR$2,185Not available
6 BR$2,513Not available
7 BR$2,890Not available
8 BR$3,323Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMRUsed$1,320
Market rentN/A
Est. payment standardN/A
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 29581 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29581 (Nichols, SC) is $1,320 a month. That is up 3.9% from $1,270 in FY 2026. Nichols is in the Marion County, SC non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $885. Among 8 ZIP codes in Marion County, 29581 has the highest two-bedroom rent (county range $890–$1,320). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29581 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29581
BedroomsFY 2027Change90–110% range
Studio$1,040+2.0%$936–$1,144
1BR$1,110+2.8%$999–$1,221
2BR$1,320+3.9%$1,188–$1,452
3BR$1,630+1.9%$1,467–$1,793
4BR$1,900+2.2%$1,710–$2,090

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29581
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,040$1,110$1,320$1,630$1,900
FY 2026$1,020$1,080$1,270$1,600$1,860
FY 2025$1,010$1,070$1,230$1,560$1,810
FY 2024$870$900$1,030$1,310$1,480
FY 2023$800$830$960$1,220$1,380

Two-bedroom rent in nearby Marion County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29581
29519$890−32.6%
29546$890−32.6%
29565$930−29.5%
29571$890−32.6%
29574$890−32.6%
29581Current$1,320—
29589$890−32.6%
29592$910−31.1%

Questions about ZIP 29581 rents

How much will Section 8 pay for a two-bedroom in ZIP 29581?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $885, which applies unless the housing authority uses Small Area FMRs, that basic range is $797 to $974 a month; under the ZIP-level Small Area FMR of $1,320 it would be $1,188 to $1,452. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 29581 in?

ZIP 29581 is in the Marion County, SC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $885.

How much did fair market rent change in ZIP 29581 for FY 2027?

The two-bedroom FMR rose 3.9%, from $1,270 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 37.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentNichols, SC fair market rentSC statewide rentsWhat is SAFMR?Data sources