For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29333 (Drayton, SC) is $1,590 a month. That is up 38.3% from $1,150 in FY 2026. Drayton 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. Among 39 ZIP codes in Spartanburg County, 29333 has the 3rd-highest two-bedroom rent (county range $1,070–$1,790). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29333 is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29333
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,000
$1,400
+40.0%
$1,260–$1,540
1BR
$1,050
$1,460
+39.0%
$1,314–$1,606
2BR
$1,150
$1,590
+38.3%
$1,431–$1,749
3BR
$1,390
$1,940
+39.6%
$1,746–$2,134
4BR
$1,610
$2,290
+42.2%
$2,061–$2,519
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29333
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,400
$1,460
$1,590
$1,940
$2,290
FY 2026
$1,000
$1,050
$1,150
$1,390
$1,610
FY 2025
$1,020
$1,060
$1,180
$1,450
$1,590
FY 2024
$950
$990
$1,120
$1,420
$1,510
FY 2023
$810
$840
$940
$1,230
$1,270
Two-bedroom rent in nearby Spartanburg County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29333?
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 $1,590 it would be $1,431 to $1,749. 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 29333 in?
ZIP 29333 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 ZIP 29333 for FY 2027?
The two-bedroom FMR rose 38.3%, from $1,150 in FY 2026 to $1,590 in FY 2027. Since FY 2023 it has risen 69.1%.
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