FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR
0.94ratio
FMR$980
Market$1,040
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR
0.97ratio
FMR$1,070
Market$1,100
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.97
3 BR
3 BR
0.83ratio
FMR$1,470
Market$1,780
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.83
4 BR
4 BR
0.96ratio
FMR$1,790
Market$1,860
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.96
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 29721 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29721 (Lancaster, SC) is $1,070 a month. That is up 5.9% from $1,010 in FY 2026. Lancaster is in the Lancaster County, 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 $1,069. Among 6 ZIP codes in Lancaster County, 29721 has the 2nd-highest two-bedroom rent (county range $910–$1,600). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29721 is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 29721
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$940
+6.8%
$846–$1,034
1BR
$920
$980
+6.5%
$882–$1,078
2BR
$1,010
$1,070
+5.9%
$963–$1,177
3BR
$1,380
$1,470
+6.5%
$1,323–$1,617
4BR
$1,690
$1,790
+5.9%
$1,611–$1,969
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 29721
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$980
$1,070
$1,470
$1,790
FY 2026
$880
$920
$1,010
$1,380
$1,690
FY 2025
$970
$990
$1,110
$1,520
$1,670
FY 2024
$790
$790
$1,030
$1,370
$1,520
FY 2023
$690
$690
$910
$1,210
$1,260
Two-bedroom rent in nearby Lancaster County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 29721?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,069, which applies unless the housing authority uses Small Area FMRs, that basic range is $962 to $1,176 a month; under the ZIP-level Small Area FMR of $1,070 it would be $963 to $1,177. 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 29721 in?
ZIP 29721 is in the Lancaster County, SC HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,069.
How much did fair market rent change in ZIP 29721 for FY 2027?
The two-bedroom FMR rose 5.9%, from $1,010 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 17.6%.
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