FY2027 Small Area FMR · Mayo, SC

ZIP 29368 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29368 (Mayo, SC) is $1,070 a month, down 1.8% from FY2026. That is 11% below the Spartanburg, SC area-wide FMR of $1,196.

2-bedroom SAFMR$1,070per month ▼ 1.8%

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

Rank in the area31stof 39 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$940▼ 1.1%

1 BR$980▼ 1.0%

2 BR$1,070▼ 1.8%

3 BR$1,300▼ 3.7%

4 BR$1,500▲ 2.0%

FY2027 FY2026

Where 29368 sits in the Spartanburg, SC area

Of the 39 ZIP codes HUD lists for the area, 29368 has the 31st 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 $1,070 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	$940	$846 – $1,034	$1,055	$950
1 bedroom	$980	$882 – $1,078	$1,099	$990
2 bedrooms	$1,070	$963 – $1,177	$1,196	$1,090
3 bedrooms	$1,300	$1,170 – $1,430	$1,457	$1,350
4 bedrooms	$1,500	$1,350 – $1,650	$1,722	$1,470

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 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 29368 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
29330	Cowpens	3.9 mi	$1,070
29323	Chesnee	4.0 mi	$1,070
29329	Converse	6.1 mi	$1,160
29316	Boiling Springs	6.9 mi	$1,290
29307	Spartanburg	7.1 mi	$1,160
29324	Clifton	7.1 mi	$1,160

Questions

What is the Fair Market Rent for ZIP code 29368?

HUD's FY2027 Small Area Fair Market Rents for 29368 are $940 (studio), $980 (1 BR), $1,070 (2 BR), $1,300 (3 BR) and $1,500 (4 BR) a month.

What is the Section 8 payment standard in 29368?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29368 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29368?

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.