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Spartanburg County/Lyman/29365

29365

ZIPSAFMR
Spartanburg County, SC
Zillow

ZIP Investment Score

108Above average

095130300
BRFMR
Eff. Rent
0 BR$1,230$1,350
1 BR$1,280$1,240
2 BR$1,390$1,300
3 BR$1,690$1,710
4 BR$2,000$2,020
5 BR$2,300Not available
6 BR$2,645Not available
7 BR$3,042Not available
8 BR$3,498Not available

Purchase Price Calculator

Maximum purchase price
$131,263

Cost breakdown

+Likely effective rent$1,300
HUD FMR$1,390
Market rentUsed$1,300
Est. payment standard (96%)$1,330
-Principal and interest-$664
Loan amount$105,010
Down payment$26,253
Rate6.50%
Term30 years
-Operating costs-$436
Property taxes-$131
Insurance-$175
Utilities$0
HOA$0
Management-$130
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,055(80.2% ROI)
Projected value
$141,356
Return breakdown
Property appreciation+$10,093
Loan principal paid down+$3,762
Rental cash flow+$7,200
5-year hold
+$35,958(137.0% ROI)
Projected value
$148,512
Return breakdown
Property appreciation+$17,249
Loan principal paid down+$6,709
Rental cash flow+$12,000
10-year hold
+$76,751(292.4% ROI)
Projected value
$168,028
Return breakdown
Property appreciation+$36,765
Loan principal paid down+$15,987
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
1.03
2 BR
1.07
3 BR
0.98
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 29365 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29365 (Lyman, SC) is $1,390 a month. That is down 6.1% from $1,480 in FY 2026. Lyman 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, 29365 has the 4th-highest two-bedroom rent (county range $1,070–$1,790). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29365 is 27% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29365
BedroomsFY 2027Change90–110% range
Studio$1,230−4.7%$1,107–$1,353
1BR$1,280−5.2%$1,152–$1,408
2BR$1,390−6.1%$1,251–$1,529
3BR$1,690−5.6%$1,521–$1,859
4BR$2,000−3.4%$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29365
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,230$1,280$1,390$1,690$2,000
FY 2026$1,290$1,350$1,480$1,790$2,070
FY 2025$1,320$1,370$1,520$1,870$2,050
FY 2024$1,200$1,250$1,400$1,780$1,880
FY 2023$950$980$1,110$1,440$1,490

Two-bedroom rent in nearby Spartanburg County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29365
29349$1,180−15.1%
29356$1,210−12.9%
29365Current$1,390—
29368$1,070−23.0%
29369$1,650+18.7%
29372$1,070−23.0%
29373$1,070−23.0%
29374$1,070−23.0%
29375$1,100−20.9%
29376$1,090−21.6%
29377$1,070−23.0%
29378$1,080−22.3%

Questions about ZIP 29365 rents

How much will Section 8 pay for a two-bedroom in ZIP 29365?

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 $1,390 it would be $1,251 to $1,529. 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 29365 in?

ZIP 29365 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 29365 for FY 2027?

The two-bedroom FMR fell 6.1%, from $1,480 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 25.2%.

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

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