FMR is near market; voucher and private rents are aligned.
1.10
2 BR
2 BR
1.01ratio
FMR$1,550
Market$1,530
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR
0.89ratio
FMR$1,850
Market$2,070
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR
1.01ratio
FMR$2,190
Market$2,160
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.01
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 29614 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29614 (Greenville, SC) is $1,550 a month. That is up 12.3% from $1,380 in FY 2026. Greenville is in the Greenville-Mauldin-Easley, 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 $1,507. Among 38 ZIP codes in Greenville County, 29614 has the 19th-highest two-bedroom rent (county range $1,210–$2,180). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29614 is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29614
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,370
+14.2%
$1,233–$1,507
1BR
$1,260
$1,430
+13.5%
$1,287–$1,573
2BR
$1,380
$1,550
+12.3%
$1,395–$1,705
3BR
$1,660
$1,850
+11.4%
$1,665–$2,035
4BR
$2,000
$2,190
+9.5%
$1,971–$2,409
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29614
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,370
$1,430
$1,550
$1,850
$2,190
FY 2026
$1,200
$1,260
$1,380
$1,660
$2,000
FY 2025
$1,150
$1,190
$1,320
$1,620
$1,930
FY 2024
$1,010
$1,060
$1,180
$1,470
$1,760
FY 2023
$710
$790
$900
$1,170
$1,430
Two-bedroom rent in nearby Greenville County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29614?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,507, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,356 to $1,658 a month; under the ZIP-level Small Area FMR of $1,550 it would be $1,395 to $1,705. 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 29614 in?
ZIP 29614 is in the Greenville-Mauldin-Easley, SC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,507.
How much did fair market rent change in ZIP 29614 for FY 2027?
The two-bedroom FMR rose 12.3%, from $1,380 in FY 2026 to $1,550 in FY 2027. Since FY 2023 it has risen 72.2%.
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