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Greenwood County/Greenwood/29647

29647

ZIPFMR
Greenwood County, SC
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$643$710
1 BR$747$820
2 BR$885$970
3 BR$1,106$1,220
4 BR$1,285$1,410
5 BR$1,478Not available
6 BR$1,699Not available
7 BR$1,954Not available
8 BR$2,247Not available

Purchase Price Calculator

Maximum purchase price
$82,225

Cost breakdown

+Likely effective rent$970
HUD FMR$885
Market rent$1,040
Est. payment standard (110%)Used$970
-Principal and interest-$416
Loan amount$65,780
Down payment$16,445
Rate6.50%
Term30 years
-Operating costs-$354
Property taxes-$82
Insurance-$175
Utilities$0
HOA$0
Management-$97
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,879(96.6% ROI)
Projected value
$88,547
Return breakdown
Property appreciation+$6,322
Loan principal paid down+$2,357
Rental cash flow+$7,200
5-year hold
+$27,008(164.2% ROI)
Projected value
$93,030
Return breakdown
Property appreciation+$10,805
Loan principal paid down+$4,203
Rental cash flow+$12,000
10-year hold
+$57,044(346.9% ROI)
Projected value
$105,255
Return breakdown
Property appreciation+$23,030
Loan principal paid down+$10,014
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.77
1 BR
0.87
2 BR
0.85
3 BR
0.81
4 BR
0.64
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 29647 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 29647 (Greenwood, SC) is $885 a month. That is down 5.2% from $934 in FY 2026. Greenwood is in the Greenwood County, SC non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29647 is 19% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29647
BedroomsFY 2027Change90–110% range
Studio$643−8.5%$579–$707
1BR$747−1.3%$672–$822
2BR$885−5.2%$797–$974
3BR$1,106−2.6%$995–$1,217
4BR$1,285+0.8%$1,157–$1,414

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29647
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$643$747$885$1,106$1,285
FY 2026$703$757$934$1,135$1,275
FY 2025$781$786$981$1,186$1,337
FY 2024$781$786$992$1,199$1,321
FY 2023$689$694$845$1,046$1,135

Questions about ZIP 29647 rents

How much will Section 8 pay for a two-bedroom in ZIP 29647?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $885, that basic range is $797 to $974 a month. 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 29647 in?

ZIP 29647 is in the Greenwood County, SC non-metropolitan FMR area.

How much did fair market rent change in ZIP 29647 for FY 2027?

The two-bedroom FMR fell 5.2%, from $934 in FY 2026 to $885 in FY 2027. Since FY 2023 it has risen 4.7%.

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 Fair Market Rents. 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 rentGreenwood, SC fair market rentSC statewide rentsWhat is SAFMR?Data sources