FMR is near market; voucher and private rents are aligned.
1.08
1 BR
1 BR
1.09ratio
FMR$1,070
Market$980
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR
1.11ratio
FMR$1,170
Market$1,050
vs market+$120
FMR is above market; underwrite to market rent.
1.11
3 BR
3 BR
0.83ratio
FMR$1,420
Market$1,710
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.83
4 BR
4 BR
0.77ratio
FMR$1,680
Market$2,180
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.77
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 29346 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29346 (Glendale, SC) is $1,170 a month. That is unchanged from FY 2026. Glendale 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, 29346 has the 23rd-highest two-bedroom rent (county range $1,070–$1,790). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29346 is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29346
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$1,030
+1.0%
$927–$1,133
1BR
$1,070
$1,070
0.0%
$963–$1,177
2BR
$1,170
$1,170
0.0%
$1,053–$1,287
3BR
$1,420
$1,420
0.0%
$1,278–$1,562
4BR
$1,640
$1,680
+2.4%
$1,512–$1,848
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29346
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,030
$1,070
$1,170
$1,420
$1,680
FY 2026
$1,020
$1,070
$1,170
$1,420
$1,640
FY 2025
$1,050
$1,090
$1,210
$1,480
$1,620
FY 2024
$990
$1,030
$1,160
$1,470
$1,560
FY 2023
$740
$760
$860
$1,120
$1,160
Two-bedroom rent in nearby Spartanburg County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29346?
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 $1,170 it would be $1,053 to $1,287. 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 29346 in?
ZIP 29346 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 29346 for FY 2027?
The two-bedroom FMR was unchanged at $1,170 in FY 2027. Since FY 2023 it has risen 36.0%.
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