29703

ZIPSAFMR

York County, SC

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,420	$1,260	5.2%
1 BR	$1,480	$1,280	5.5%
2 BR	$1,610	$1,540	4.5%
3 BR	$1,970	$2,000	3.8%
4 BR	$2,500	$2,410	3.6%
5 BR	$2,875	Not available	3.6%
6 BR	$3,306	Not available	3.6%
7 BR	$3,802	Not available	3.6%
8 BR	$4,373	Not available	3.6%

Purchase Price Calculator

Maximum purchase price

$166,927

Cost breakdown

+Likely effective rent$1,540

HUD FMR$1,610

Market rentUsed$1,540

Est. payment standard (97%)$1,560

-Principal and interest-$844

Loan amount$133,542

Down payment$33,385

Rate6.50%

Term30 years

-Operating costs-$496

Property taxes-$167

Insurance-$175

Utilities$0

HOA$0

Management-$154

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$24,820(74.3% ROI)

Projected value

$179,762

Return breakdown

Property appreciation+$12,835

Loan principal paid down+$4,784

Rental cash flow+$7,200

5-year hold

+$42,468(127.2% ROI)

Projected value

$188,862

Return breakdown

Property appreciation+$21,936

Loan principal paid down+$8,532

Rental cash flow+$12,000

10-year hold

+$91,084(272.8% ROI)

Projected value

$213,681

Return breakdown

Property appreciation+$46,754

Loan principal paid down+$20,330

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.13ratio

FMR$1,420

Market$1,260

vs market+$160

FMR is above market; underwrite to market rent.

1.13

1 BR

1.16ratio

FMR$1,480

Market$1,280

vs market+$200

FMR is above market; underwrite to market rent.

1.16

2 BR

1.05ratio

FMR$1,610

Market$1,540

vs market+$70

FMR is near market; voucher and private rents are aligned.

1.05

3 BR

0.98ratio

FMR$1,970

Market$2,020

vs market-$50

FMR is near market; voucher and private rents are aligned.

0.98

4 BR

1.04ratio

FMR$2,500

Market$2,410

vs market+$90

FMR is near market; voucher and private rents are aligned.

1.04

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: --

ZIP 29703 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29703 (Bowling Green, SC) is $1,610 a month. That is up 5.2% from $1,530 in FY 2026. Bowling Green is in the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 20 ZIP codes in York County, 29703 is tied for the 4th-highest two-bedroom rent (county range $1,010–$1,940). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29703 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29703
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,330	$1,420	+6.8%	$1,278–$1,562
1BR	$1,400	$1,480	+5.7%	$1,332–$1,628
2BR	$1,530	$1,610	+5.2%	$1,449–$1,771
3BR	$1,880	$1,970	+4.8%	$1,773–$2,167
4BR	$2,390	$2,500	+4.6%	$2,250–$2,750

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29703
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,420	$1,480	$1,610	$1,970	$2,500
FY 2026	$1,330	$1,400	$1,530	$1,880	$2,390
FY 2025	$1,430	$1,490	$1,650	$2,040	$2,580
FY 2024	$1,220	$1,260	$1,410	$1,760	$2,250
FY 2023	$1,050	$1,070	$1,210	$1,530	$1,980

Two-bedroom rent in nearby York County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 29703
29702	$1,010	−37.3%
29703Current	$1,610	—
29704	$1,370	−14.9%
29706	$1,020	−36.6%
29707	$1,600	−0.6%
29708	$1,940	+20.5%
29710	$1,760	+9.3%
29712	$1,480	−8.1%
29715	$1,880	+16.8%
29716	$1,610	0.0%
29717	$1,320	−18.0%
29726	$1,240	−23.0%

Questions about ZIP 29703 rents

How much will Section 8 pay for a two-bedroom in ZIP 29703?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,610, that basic range is $1,449 to $1,771 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 29703 in?

ZIP 29703 is in the Charlotte-Concord-Gastonia, NC-SC HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 29703 for FY 2027?

The two-bedroom FMR rose 5.2%, from $1,530 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 33.1%.

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 rent Bowling Green, SC fair market rent SC statewide rents What is SAFMR?Data sources