FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR
0.99ratio
FMR$980
Market$990
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR
1.01ratio
FMR$1,070
Market$1,060
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR
1.14ratio
FMR$1,300
Market$1,140
vs market+$160
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR
1.24ratio
FMR$1,500
Market$1,210
vs market+$290
FMR is above market; underwrite to market rent.
1.24
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 29373 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29373 (Pacolet Mills, SC) is $1,070 a month. That is down 1.8% from $1,090 in FY 2026. Pacolet Mills 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, 29373 is tied for the 31st-highest two-bedroom rent (county range $1,070–$1,790). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29373 is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29373
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$950
$940
−1.1%
$846–$1,034
1BR
$990
$980
−1.0%
$882–$1,078
2BR
$1,090
$1,070
−1.8%
$963–$1,177
3BR
$1,350
$1,300
−3.7%
$1,170–$1,430
4BR
$1,470
$1,500
+2.0%
$1,350–$1,650
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29373
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$980
$1,070
$1,300
$1,500
FY 2026
$950
$990
$1,090
$1,350
$1,470
FY 2025
$880
$920
$1,030
$1,310
$1,390
FY 2024
$810
$850
$950
$1,210
$1,280
FY 2023
$690
$710
$800
$1,040
$1,080
Two-bedroom rent in nearby Spartanburg County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29373?
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 $1,070 it would be $963 to $1,177. 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 29373 in?
ZIP 29373 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 29373 for FY 2027?
The two-bedroom FMR fell 1.8%, from $1,090 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 33.8%.
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