FY2027 Small Area FMR · Boiling Springs, SC

ZIP 29316 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29316 (Boiling Springs, SC) is $1,290 a month, up 3.2% from FY2026. That is 8% above the Spartanburg, SC area-wide FMR of $1,196.

2-bedroom SAFMR$1,290per month ▲ 3.2%

Area-wide 2 BR FMR$1,196Spartanburg, SC

Rank in the area9thof 39 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,161

2 BR Small Area FMR$1,290

110% of SAFMR$1,419

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,140▲ 4.6%

1 BR$1,190▲ 4.4%

2 BR$1,290▲ 3.2%

3 BR$1,570▲ 3.3%

4 BR$1,860▲ 6.3%

FY2027 FY2026

Where 29316 sits in the Spartanburg, SC area

Of the 39 ZIP codes HUD lists for the area, 29316 has the 9th highest two-bedroom Small Area FMR. Spartanburg, SC is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,196 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,290 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,140	$1,026 – $1,254	$1,055	$1,090
1 bedroom	$1,190	$1,071 – $1,309	$1,099	$1,140
2 bedrooms	$1,290	$1,161 – $1,419	$1,196	$1,250
3 bedrooms	$1,570	$1,413 – $1,727	$1,457	$1,520
4 bedrooms	$1,860	$1,674 – $2,046	$1,722	$1,750

A household renting a two-bedroom home at the Small Area FMR of $1,290 needs about $51,600 a year to keep housing costs at 30% of income. The area median family income is $91,200 and the 80% low-income limit for four people is $72,250. ZIP code 29316 lies mainly in Spartanburg County. See the Spartanburg, SC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
29303	Spartanburg	3.4 mi	$1,150
29378	Una	5.3 mi	$1,080
29349	Inman	5.5 mi	$1,180
29320	Arcadia	5.9 mi	$1,360
29333	Drayton	6.2 mi	$1,590
29338	Fingerville	6.6 mi	$1,180

Questions

What is the Fair Market Rent for ZIP code 29316?

HUD's FY2027 Small Area Fair Market Rents for 29316 are $1,140 (studio), $1,190 (1 BR), $1,290 (2 BR), $1,570 (3 BR) and $1,860 (4 BR) a month.

What is the Section 8 payment standard in 29316?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29316 that range is $1,161 to $1,419 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29316?

The FY2026 income limits of the Spartanburg, SC area apply: median family income $91,200, low-income (80%) limit $72,250 for a family of four.