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Spartanburg County/Reidville/29375

29375

ZIPSAFMR
Spartanburg County, SC
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$980$1,080
1 BR$1,020$1,120
2 BR$1,100$1,210
3 BR$1,340$1,470
4 BR$1,590$1,750
5 BR$1,828Not available
6 BR$2,103Not available
7 BR$2,418Not available
8 BR$2,781Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMR$1,100
Market rent$1,610
Est. payment standard (110%)Used$1,210
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.47
1 BR
0.59
2 BR
0.68
3 BR
0.77
4 BR
0.77
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29375 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29375 (Reidville, SC) is $1,100 a month. That is down 4.3% from $1,150 in FY 2026. Reidville 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, 29375 has the 28th-highest two-bedroom rent (county range $1,070–$1,790).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29375
BedroomsFY 2027Change90–110% range
Studio$980−2.0%$882–$1,078
1BR$1,020−2.9%$918–$1,122
2BR$1,100−4.3%$990–$1,210
3BR$1,340−3.6%$1,206–$1,474
4BR$1,590−1.2%$1,431–$1,749

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29375
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$980$1,020$1,100$1,340$1,590
FY 2026$1,000$1,050$1,150$1,390$1,610
FY 2025$1,050$1,090$1,210$1,490$1,630
FY 2024$980$1,020$1,140$1,450$1,530
FY 2023$840$870$980$1,270$1,320

Two-bedroom rent in nearby Spartanburg County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29375
29365$1,390+26.4%
29368$1,070−2.7%
29369$1,650+50.0%
29372$1,070−2.7%
29373$1,070−2.7%
29374$1,070−2.7%
29375Current$1,100—
29376$1,090−0.9%
29377$1,070−2.7%
29378$1,080−1.8%
29385$1,190+8.2%
29388$1,070−2.7%

Questions about ZIP 29375 rents

How much will Section 8 pay for a two-bedroom in ZIP 29375?

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 $1,100 it would be $990 to $1,210. 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 29375 in?

ZIP 29375 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 29375 for FY 2027?

The two-bedroom FMR fell 4.3%, from $1,150 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has risen 12.2%.

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