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SC/Spartanburg County/Boiling Springs

Boiling Springs, SC

CitySAFMR
Spartanburg County
Found 1 ZIP

City Median Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,140$1,250
1 BR$1,190$1,130
2 BR$1,290$1,350
3 BR$1,570$1,620
4 BR$1,860$2,000
5 BR$2,139Not available
6 BR$2,460Not available
7 BR$2,829Not available
8 BR$3,253Not available

Purchase Price Calculator

Maximum purchase price
$138,693

Cost breakdown

+Likely effective rent$1,350
HUD FMR$1,290
Market rent$1,380
Est. payment standard (105%)Used$1,350
-Principal and interest-$701
Loan amount$110,954
Down payment$27,739
Rate6.50%
Term30 years
-Operating costs-$449
Property taxes-$139
Insurance-$175
Utilities$0
HOA$0
Management-$135
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,839(78.7% ROI)
Projected value
$149,357
Return breakdown
Property appreciation+$10,664
Loan principal paid down+$3,975
Rental cash flow+$7,200
5-year hold
+$37,314(134.5% ROI)
Projected value
$156,918
Return breakdown
Property appreciation+$18,225
Loan principal paid down+$7,089
Rental cash flow+$12,000
10-year hold
+$79,737(287.5% ROI)
Projected value
$177,539
Return breakdown
Property appreciation+$38,846
Loan principal paid down+$16,892
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
1.05
2 BR
0.93
3 BR
0.95
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Boiling Springs, SC fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Boiling Springs, SC is $1,290 a month. That is up 3.2% from $1,250 in FY 2026. Boiling Springs is in the Spartanburg, SC HUD Metro 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 metro-wide two-bedroom FMR of $1,196. The median county two-bedroom FMR in South Carolina is $1,098, so Boiling Springs is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Boiling Springs, SC
BedroomsFY 2027Change90–110% range
Studio$1,140+4.6%$1,026–$1,254
1BR$1,190+4.4%$1,071–$1,309
2BR$1,290+3.2%$1,161–$1,419
3BR$1,570+3.3%$1,413–$1,727
4BR$1,860+6.3%$1,674–$2,046

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Boiling Springs, SC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,190$1,290$1,570$1,860
FY 2026$1,090$1,140$1,250$1,520$1,750
FY 2025$1,090$1,130$1,250$1,540$1,680
FY 2024$1,020$1,060$1,190$1,510$1,600
FY 2023$880$900$1,020$1,330$1,370

Questions about Boiling Springs, SC rents

How much will Section 8 pay for a two-bedroom in Boiling Springs, SC?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,196, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,076 to $1,316 a month; under the ZIP-level Small Area FMR of $1,290 it would be $1,161 to $1,419. 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 Boiling Springs, SC in?

Boiling Springs, SC is in the Spartanburg, SC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,196.

How much did fair market rent change in Boiling Springs, SC for FY 2027?

The two-bedroom FMR rose 3.2%, from $1,250 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 26.5%.

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