Skip to main content
Loading page
York County/Sharon/29742

29742

ZIPSAFMR
York County, SC
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,170$1,170
1 BR$1,220$1,220
2 BR$1,350$1,350
3 BR$1,670$1,670
4 BR$2,080$2,080
5 BR$2,392Not available
6 BR$2,751Not available
7 BR$3,163Not available
8 BR$3,638Not available

Purchase Price Calculator

Maximum purchase price
$138,693

Cost breakdown

+Likely effective rent$1,350
HUD FMRUsed$1,350
Market rentN/A
Est. payment standardN/A
-Principal and interest-$701
Loan amount$110,954
Down payment$27,739
Rate6.50%
Term30 years
-Operating costs-$449
Property taxes-$139
Insurance-$175
Utilities$0
HOA$0
Management-$135
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,839(78.7% ROI)
Projected value
$149,357
Return breakdown
Property appreciation+$10,664
Loan principal paid down+$3,975
Rental cash flow+$7,200
5-year hold
+$37,314(134.5% ROI)
Projected value
$156,918
Return breakdown
Property appreciation+$18,225
Loan principal paid down+$7,089
Rental cash flow+$12,000
10-year hold
+$79,737(287.5% ROI)
Projected value
$177,539
Return breakdown
Property appreciation+$38,846
Loan principal paid down+$16,892
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 29742 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 29742 (Sharon, SC) is $1,350 a month. That is up 1.5% from $1,330 in FY 2026. Sharon 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, 29742 has the 14th-highest two-bedroom rent (county range $1,010–$1,940). The median county two-bedroom FMR in South Carolina is $1,098, so ZIP 29742 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 29742
BedroomsFY 2027Change90–110% range
Studio$1,170+2.6%$1,053–$1,287
1BR$1,220+2.5%$1,098–$1,342
2BR$1,350+1.5%$1,215–$1,485
3BR$1,670+1.2%$1,503–$1,837
4BR$2,080+1.0%$1,872–$2,288

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 29742
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,170$1,220$1,350$1,670$2,080
FY 2026$1,140$1,190$1,330$1,650$2,060
FY 2025$1,250$1,300$1,450$1,800$2,260
FY 2024$1,060$1,090$1,230$1,550$1,970
FY 2023$1,020$1,050$1,190$1,520$1,940

Two-bedroom rent in nearby York County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 29742
29715$1,880+39.3%
29716$1,610+19.3%
29717$1,320−2.2%
29726$1,240−8.1%
29730$1,540+14.1%
29731$1,610+19.3%
29732$1,570+16.3%
29733$1,550+14.8%
29734$1,610+19.3%
29742Current$1,350—
29743$1,010−25.2%
29745$1,190−11.9%

Questions about ZIP 29742 rents

How much will Section 8 pay for a two-bedroom in ZIP 29742?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,350, that basic range is $1,215 to $1,485 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 29742 in?

ZIP 29742 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 29742 for FY 2027?

The two-bedroom FMR rose 1.5%, from $1,330 in FY 2026 to $1,350 in FY 2027. Since FY 2023 it has risen 13.4%.

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 rentSharon, SC fair market rentSC statewide rentsWhat is SAFMR?Data sources