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Inman, SC

CitySAFMR
Spartanburg County
Found 1 ZIP

City Median Investment Score

73Below average

095130300
BRFMR
Eff. Rent
0 BR$1,040$1,140
1 BR$1,080$1,180
2 BR$1,180$1,260
3 BR$1,440$1,580
4 BR$1,700$1,870
5 BR$1,955Not available
6 BR$2,248Not available
7 BR$2,585Not available
8 BR$2,973Not available

Purchase Price Calculator

Maximum purchase price
$125,319

Cost breakdown

+Likely effective rent$1,260
HUD FMR$1,180
Market rent$1,300
Est. payment standard (107%)Used$1,260
-Principal and interest-$634
Loan amount$100,255
Down payment$25,064
Rate6.50%
Term30 years
-Operating costs-$426
Property taxes-$125
Insurance-$175
Utilities$0
HOA$0
Management-$126
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,428(81.5% ROI)
Projected value
$134,955
Return breakdown
Property appreciation+$9,636
Loan principal paid down+$3,592
Rental cash flow+$7,200
5-year hold
+$34,873(139.1% ROI)
Projected value
$141,787
Return breakdown
Property appreciation+$16,468
Loan principal paid down+$6,405
Rental cash flow+$12,000
10-year hold
+$74,363(296.7% ROI)
Projected value
$160,419
Return breakdown
Property appreciation+$35,100
Loan principal paid down+$15,263
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.69
1 BR
0.87
2 BR
0.91
3 BR
0.83
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Inman, SC fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Inman, SC is $1,180 a month. That is up 5.4% from $1,120 in FY 2026. Inman 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 Inman is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Inman, SC
BedroomsFY 2027Change90–110% range
Studio$1,040+6.1%$936–$1,144
1BR$1,080+5.9%$972–$1,188
2BR$1,180+5.4%$1,062–$1,298
3BR$1,440+5.9%$1,296–$1,584
4BR$1,700+8.3%$1,530–$1,870

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Inman, SC
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,040$1,080$1,180$1,440$1,700
FY 2026$980$1,020$1,120$1,360$1,570
FY 2025$1,030$1,070$1,180$1,450$1,590
FY 2024$980$1,020$1,140$1,450$1,530
FY 2023$850$880$990$1,290$1,330

Questions about Inman, SC rents

How much will Section 8 pay for a two-bedroom in Inman, 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 $1,180 it would be $1,062 to $1,298. 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 Inman, SC in?

Inman, 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 Inman, SC for FY 2027?

The two-bedroom FMR rose 5.4%, from $1,120 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 19.2%.

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