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Spartanburg County/Duncan/29334

29334

ZIPSAFMR
Spartanburg County, SC
Zillow

ZIP Investment Score

116Above average

095130300
BRFMR
Eff. Rent
0 BR$1,220$1,340
1 BR$1,270$1,330
2 BR$1,380$1,400
3 BR$1,680$1,720
4 BR$1,990$2,000
5 BR$2,289Not available
6 BR$2,632Not available
7 BR$3,027Not available
8 BR$3,481Not available

Purchase Price Calculator

Maximum purchase price
$146,123

Cost breakdown

+Likely effective rent$1,400
HUD FMR$1,380
Market rent$1,410
Est. payment standard (101%)Used$1,400
-Principal and interest-$739
Loan amount$116,898
Down payment$29,225
Rate6.50%
Term30 years
-Operating costs-$461
Property taxes-$146
Insurance-$175
Utilities$0
HOA$0
Management-$140
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,624(77.4% ROI)
Projected value
$157,358
Return breakdown
Property appreciation+$11,235
Loan principal paid down+$4,188
Rental cash flow+$7,200
5-year hold
+$38,670(132.3% ROI)
Projected value
$165,325
Return breakdown
Property appreciation+$19,202
Loan principal paid down+$7,469
Rental cash flow+$12,000
10-year hold
+$82,723(283.1% ROI)
Projected value
$187,050
Return breakdown
Property appreciation+$40,927
Loan principal paid down+$17,796
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.74
1 BR
0.93
2 BR
0.98
3 BR
0.97
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29334 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29334 (Duncan, SC) is $1,380 a month. That is down 2.8% from $1,420 in FY 2026. Duncan 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, 29334 has the 5th-highest two-bedroom rent (county range $1,070–$1,790). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29334 is 26% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29334
BedroomsFY 2027Change90–110% range
Studio$1,220−1.6%$1,098–$1,342
1BR$1,270−2.3%$1,143–$1,397
2BR$1,380−2.8%$1,242–$1,518
3BR$1,680−2.3%$1,512–$1,848
4BR$1,9900.0%$1,791–$2,189

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29334
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,220$1,270$1,380$1,680$1,990
FY 2026$1,240$1,300$1,420$1,720$1,990
FY 2025$1,280$1,330$1,470$1,810$1,980
FY 2024$1,210$1,260$1,410$1,790$1,900
FY 2023$1,000$1,030$1,160$1,510$1,560

Two-bedroom rent in nearby Spartanburg County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29334
29322$1,210−12.3%
29323$1,070−22.5%
29324$1,160−15.9%
29329$1,160−15.9%
29330$1,070−22.5%
29331$1,200−13.0%
29333$1,590+15.2%
29334Current$1,380—
29335$1,070−22.5%
29336$1,200−13.0%
29338$1,180−14.5%
29346$1,170−15.2%

Questions about ZIP 29334 rents

How much will Section 8 pay for a two-bedroom in ZIP 29334?

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 $1,380 it would be $1,242 to $1,518. 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 29334 in?

ZIP 29334 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 29334 for FY 2027?

The two-bedroom FMR fell 2.8%, from $1,420 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 19.0%.

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