FY2027 Small Area FMR · Anderson, SC

ZIP 29624 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 29624 (Anderson, SC) is $1,060 a month, up 8.2% from FY2026. That is 4% below the Anderson, SC area-wide FMR of $1,102.

2-bedroom SAFMR$1,060per month ▲ 8.2%

Area-wide 2 BR FMR$1,102Anderson, SC

Rank in the area17thof 23 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$954

2 BR Small Area FMR$1,060

110% of SAFMR$1,166

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

Studio$920▲ 8.2%

1 BR$940▲ 9.3%

2 BR$1,060▲ 8.2%

3 BR$1,370▲ 7.9%

4 BR$1,670▲ 8.4%

FY2027 FY2026

Where 29624 sits in the Anderson, SC area

Of the 23 ZIP codes HUD lists for the area, 29624 has the 17th highest two-bedroom Small Area FMR. Anderson, 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 $1,102 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,060 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	$920	$828 – $1,012	$972	$850
1 bedroom	$940	$846 – $1,034	$1,012	$860
2 bedrooms	$1,060	$954 – $1,166	$1,102	$980
3 bedrooms	$1,370	$1,233 – $1,507	$1,444	$1,270
4 bedrooms	$1,670	$1,503 – $1,837	$1,704	$1,540

A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 a year to keep housing costs at 30% of income. The area median family income is $95,100 and the 80% low-income limit for four people is $76,100. ZIP code 29624 lies mainly in Anderson County. See the Anderson, SC county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
29621	Anderson	5.0 mi	$1,170
29684	Starr	6.7 mi	$1,060
29626	Anderson	7.7 mi	$1,060
29627	Belton	10.2 mi	$1,210
29625	Anderson	11.5 mi	$1,150
29655	Iva	11.9 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 29624?

HUD's FY2027 Small Area Fair Market Rents for 29624 are $920 (studio), $940 (1 BR), $1,060 (2 BR), $1,370 (3 BR) and $1,670 (4 BR) a month.

What is the Section 8 payment standard in 29624?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 29624 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 29624?

The FY2026 income limits of the Anderson, SC area apply: median family income $95,100, low-income (80%) limit $76,100 for a family of four.