FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.82ratio
FMR$750
Market$910
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR
0.79ratio
FMR$890
Market$1,130
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR
0.69ratio
FMR$1,110
Market$1,600
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.69
4 BR
4 BR
0.62ratio
FMR$1,290
Market$2,070
vs market-$780
FMR is below market; voucher rent may lag private rents.
0.62
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 29648 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29648 (Greenwood, SC) is $890 a month. That is down 4.3% from $930 in FY 2026. Greenwood is in the Greenwood County, SC non-metropolitan 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 county-wide two-bedroom FMR of $885. Among 11 ZIP codes in Greenwood County, 29648 is tied for the 10th-highest two-bedroom rent (county range $890–$1,150). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29648 is 19% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29648
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$650
−8.5%
$585–$715
1BR
$750
$750
0.0%
$675–$825
2BR
$930
$890
−4.3%
$801–$979
3BR
$1,130
$1,110
−1.8%
$999–$1,221
4BR
$1,270
$1,290
+1.6%
$1,161–$1,419
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29648
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$650
$750
$890
$1,110
$1,290
FY 2026
$710
$750
$930
$1,130
$1,270
FY 2025
$780
$790
$980
$1,180
$1,340
FY 2024area FMR
$781
$786
$992
$1,199
$1,321
FY 2023area FMR
$689
$694
$845
$1,046
$1,135
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Greenwood County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29648?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $885, which applies unless the housing authority uses Small Area FMRs, that basic range is $797 to $974 a month; under the ZIP-level Small Area FMR of $890 it would be $801 to $979. 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 29648 in?
ZIP 29648 is in the Greenwood County, SC non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $885.
How much did fair market rent change in ZIP 29648 for FY 2027?
The two-bedroom FMR fell 4.3%, from $930 in FY 2026 to $890 in FY 2027. Since FY 2025 it has fallen 9.2%.
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