FY2027 Small Area FMR · Florence, SC

ZIP 29503 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29503 (Florence, SC) is $1,120 a month, unchanged from FY2026. That is 0% equal to the Florence, SC area-wide FMR of $1,121.

2-bedroom SAFMR$1,120per month ■ 0.0%

Area-wide 2 BR FMR$1,121Florence, SC

Rank in the area4thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,008

2 BR Small Area FMR$1,120

110% of SAFMR$1,232

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

Studio$980▲ 3.2%

1 BR$990▲ 3.1%

2 BR$1,120■ 0.0%

3 BR$1,440■ 0.0%

4 BR$1,540▼ 3.1%

FY2027 FY2026

Where 29503 sits in the Florence, SC area

Of the 14 ZIP codes HUD lists for the area, 29503 has the 4th highest two-bedroom Small Area FMR. Florence, 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 $1,121 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,120 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	$980	$882 – $1,078	$982	$950
1 bedroom	$990	$891 – $1,089	$987	$960
2 bedrooms	$1,120	$1,008 – $1,232	$1,121	$1,120
3 bedrooms	$1,440	$1,296 – $1,584	$1,444	$1,440
4 bedrooms	$1,540	$1,386 – $1,694	$1,545	$1,590

A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 a year to keep housing costs at 30% of income. The area median family income is $79,300 and the 80% low-income limit for four people is $63,450. ZIP code 29503 lies mainly in Florence County. See the Florence, SC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
29505	Florence	5.1 mi	$1,370
29541	Effingham	5.2 mi	$1,200
29530	Coward	6.9 mi	$1,010
29583	Pamplico	7.4 mi	$1,010
29591	Scranton	10.7 mi	$1,010
29506	Florence	10.9 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 29503?

HUD's FY2027 Small Area Fair Market Rents for 29503 are $980 (studio), $990 (1 BR), $1,120 (2 BR), $1,440 (3 BR) and $1,540 (4 BR) a month.

What is the Section 8 payment standard in 29503?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29503 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29503?

The FY2026 income limits of the Florence, SC area apply: median family income $79,300, low-income (80%) limit $63,450 for a family of four.